Bolivia: Ignition Coil Market 2024

Ignition Coil Market Size in Bolivia

In 2022, the Bolivian ignition coil market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Ignition coil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Ignition Coil Exports

Exports from Bolivia

For the fifth year in a row, Bolivia recorded growth in overseas shipments of distributors and ignition coils, which increased by X% to X units in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ignition coil exports dropped rapidly to $X in 2022. Overall, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for ignition coil exports from Bolivia, with a X% share of total exports. Moreover, ignition coil exports to Chile exceeded the volume sent to the second major destination, the United States (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled X%.

In value terms, the largest markets for ignition coil exported from Bolivia were the United States ($X) and Chile ($X).

In terms of the main countries of destination, Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average ignition coil export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced a decline.

Ignition Coil Imports

Imports into Bolivia

Ignition coil imports into Bolivia contracted to X units in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, posted tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, ignition coil imports rose significantly to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Japan (X units) and Brazil (X units) were the main suppliers of ignition coil imports to Bolivia, with a combined X% share of total imports. Taiwan (Chinese), the United States, South Korea and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the United States ($X) constituted the largest ignition coil suppliers to Bolivia, together comprising X% of total imports. Brazil, Taiwan (Chinese), South Korea and India lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ignition coil import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ignition coil import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform