Report Update Nov 1, 2024

Ghana - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Spark Plug Market 2024

Spark Plug Market Size in Ghana

In 2022, the Ghanian spark plug market decreased by -12% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Spark Plug Exports

Exports from Ghana

After two years of decline, shipments abroad of sparking plugs increased by 45% to X units in 2022. Overall, exports, however, saw a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by 3,619%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, spark plug exports expanded notably to $X in 2022. In general, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 2,508%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), Belgium (X units) and Nigeria (X units) were the main destinations of spark plug exports from Ghana, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +31.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for spark plug exported from Ghana were Nigeria ($X), Cote d'Ivoire ($X) and Belgium ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +32.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average spark plug export price stood at $X per unit in 2022, which is down by -23% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 126% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Burkina Faso ($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 Nigeria (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Ghana

In 2022, supplies from abroad of sparking plugs decreased by -10.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 299%. Over the period under review, imports attained the maximum at X units in 2021, and then declined in the following year.

In value terms, spark plug imports reduced to $X in 2022. In general, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 200% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spark plug to Ghana, with a 74% share of total imports. Moreover, spark plug imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +50.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+18.3% per year) and Germany (+25.5% per year).

In value terms, the largest spark plug suppliers to Ghana were China ($X), the United Arab Emirates ($X) and Germany ($X), with a combined 92% share of total imports.

China, with a CAGR of +27.4%, 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 spark plug import price stood at $X per unit in 2022, waning by -3.9% against the previous year. In general, the import price showed a deep setback. The growth pace was the most rapid in 2016 an increase of 8% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparking plugs in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 53% share of global consumption. India, Russia, Japan, Indonesia, Mexico, Germany, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of sparking plugs in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, together comprising 59% of global production. These countries were followed by India, Russia, Thailand, Indonesia, Germany, Turkey, Brazil and France, which together accounted for a further 28%.

What are the leading suppliers of sparking plugs to Ghana?

In value terms, the United Arab Emirates constituted the largest supplier of spark plug to Ghana, comprising 54% of total imports. The second position in the ranking was occupied by Germany, with a 15% share of total imports. It was followed by the Netherlands, with an 8.3% share.

What are the leading importers of sparking plugs from Ghana?

In value terms, Nigeria emerged as the key foreign market for spark plug exports from Ghana, comprising 52% of total exports. The second position in the ranking was occupied by Germany, with a 24% share of total exports. It was followed by Cote d'Ivoire, with a 14% share.

What is the average export price for sparking plugs in Ghana?

In 2021, the average spark plug export price amounted to $1.2 per unit, jumping by 56% against the previous year.

What is the average import price for sparking plugs in Ghana?

In 2021, the average spark plug import price amounted to $2.4 per unit, surging by 6.4% against the previous year.

This report provides an in-depth analysis of the spark plug market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29312130 - Sparking plugs

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023