China: Ignition Magneto Market 2025

Ignition Magneto Market Size in China

The Chinese ignition magneto market shrank slightly to $X in 2021, waning by -2.5% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Ignition Magneto Production in China

In value terms, ignition magneto production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 8.4% against the previous year. Ignition magneto production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Ignition Magneto Exports

Exports from China

In 2021, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels exported from China soared to X units, rising by 23% against the previous year. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.6% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 27%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, ignition magneto exports soared to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for ignition magneto exports from China, with a 39% share of total exports. Moreover, ignition magneto exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was held by Indonesia (X units), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+21.8% per year) and Indonesia (+25.8% per year).

In value terms, the United States ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from China, comprising 39% of total exports. The second position in the ranking was held by Thailand ($X), with a 9.7% share of total exports. It was followed by Vietnam, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+43.5% per year) and Vietnam (+10.3% per year).

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, surging by 16% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Ignition Magneto Imports

Imports into China

In 2021, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels imported into China surged to X units, jumping by 40% on 2020. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 80% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, ignition magneto imports rose remarkably to $X in 2021. In general, imports, however, continue to indicate a slight setback. The pace of growth was the most pronounced in 2017 with an increase of 44%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of ignition magneto to China, with a 62% share of total imports. Moreover, ignition magneto imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +161.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.6% per year) and Japan (-16.4% per year).

In value terms, Italy ($X), the United States ($X) and Japan ($X) constituted the largest ignition magneto suppliers to China, with a combined 74% share of total imports. These countries were followed by Indonesia, Germany and the Philippines, which together accounted for a further 21%.

Among the main suppliers, Indonesia, with a CAGR of +115.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ignition magneto import price amounted to $X per unit, reducing by -24% against the previous year. In general, the import price showed a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by 25%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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