Finland: Spark Plug Market 2025

Spark Plug Market Size in Finland

In 2022, the Finnish spark plug market decreased by -10.2% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Spark Plug Production in Finland

In value terms, spark plug production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Spark plug production peaked in 2022 and is likely to continue growth in years to come.

Spark Plug Exports

Exports from Finland

In 2022, overseas shipments of sparking plugs increased by 162% to X units, rising for the second consecutive year after two years of decline. In general, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spark plug exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Latvia (X units), Lithuania (X units) and Estonia (X units) were the main destinations of spark plug exports from Finland, with a combined 76% share of total exports. Sweden, Norway, Turkey and Russia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +64.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spark plug exported from Finland were Latvia ($X), Lithuania ($X) and Estonia ($X), with a combined 76% share of total exports. Sweden, Norway, Turkey and Russia lagged somewhat behind, together accounting for a further 21%.

Turkey, with a CAGR of +65.1%, recorded the highest rates of growth with regard to 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 -34.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 40% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per unit) and Russia ($X per unit), while the average price for exports to Turkey ($X per unit) and Lithuania ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Finland

In 2022, approx. X units of sparking plugs were imported into Finland; reducing by -6.2% on the previous year. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 19%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, spark plug imports fell to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

Japan (X units), Germany (X units) and the United States (X units) were the main suppliers of spark plug imports to Finland, with a combined 75% share of total imports. France, the Netherlands, Slovenia, Thailand, China, Russia and Sweden lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +151.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and the United States ($X) were the largest spark plug suppliers to Finland, together accounting for 75% of total imports. France, the Netherlands, Slovenia, Thailand, China, Russia and Sweden lagged somewhat behind, together comprising a further 17%.

Among the main suppliers, Slovenia, with a CAGR of +163.8%, saw 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, dropping by -2.4% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spark plug import price increased by +98.3% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of 23%. The import price peaked at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per unit) and Russia ($X per unit), while the price for Sweden ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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