Colombia: Spark Plug Market 2025

Spark Plug Market Size in Colombia

The Colombian spark plug market shrank sharply to $X in 2022, which is down by -20.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +38.9% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Spark Plug Exports

Exports from Colombia

Spark plug exports from Colombia totaled X units in 2022, growing by 3.4% on the previous year. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 210%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, spark plug exports declined notably to $X in 2022. Over the period under review, exports, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 when exports increased by 102%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units), Venezuela (X units) and Guatemala (X units) were the main destinations of spark plug exports from Colombia, together comprising 60% of total exports. Germany, Panama, the Dominican Republic, Mexico and Austria lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +61.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Germany ($X) and Guatemala ($X) appeared to be the largest markets for spark plug exported from Colombia worldwide, together comprising 51% of total exports.

Germany, with a CAGR of +72.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spark plug export price amounted to $X per unit, reducing by -24.9% against the previous year. Overall, the export price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 93% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then fell dramatically in the following year.

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 Mexico ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Colombia

In 2022, the amount of sparking plugs imported into Colombia dropped significantly to X units, reducing by -20.5% compared with 2021. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +45.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, spark plug imports shrank sharply to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +34.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

Brazil (X units), China (X units) and Malaysia (X units) were the main suppliers of spark plug imports to Colombia, with a combined 66% share of total imports. India, Russia, Indonesia, the United States, France, Japan and Mexico lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and the United States ($X) constituted the largest spark plug suppliers to Colombia, together comprising 58% of total imports. Russia, India, Indonesia, France, Japan, Mexico and Malaysia lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Russia, with a CAGR of +19.3%, recorded the highest rates of growth with regard to 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

The average spark plug import price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of 69% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while the price for Malaysia ($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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :