Greece: Spark Plug Market 2025

Spark Plug Market Size in Greece

In 2022, the Greek spark plug market increased by 2.8% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +16.9% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Spark Plug Exports

Exports from Greece

In 2022, shipments abroad of sparking plugs increased by 20% to X units, rising for the third year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 205%. The exports peaked at X units in 2012; afterwards, it flattened through to 2022.

In value terms, spark plug exports shrank modestly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 154%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Spain (X units), France (X units) and Albania (X units) were the main destinations of spark plug exports from Greece, together comprising 41% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +266.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spark plug exported from Greece were Spain ($X), France ($X) and Albania ($X), with a combined 41% share of total exports.

Spain, with a CAGR of +192.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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, declining by -20.2% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 72%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cyprus ($X per unit) and Germany ($X per unit), while the average price for exports to France ($X per unit) and Bulgaria ($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 Bulgaria (-0.1%), while the prices for the other major destinations experienced a decline.

Spark Plug Imports

Imports into Greece

In 2022, overseas purchases of sparking plugs increased by 6.8% to X units, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, spark plug imports rose remarkably to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +11.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of spark plug to Greece, with a 77% share of total imports. Moreover, spark plug imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), tenfold. The third position in this ranking was taken by Belgium (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.7% per year) and Belgium (-6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of sparking plugs to Greece, comprising 77% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 7.7% share of total imports. It was followed by Belgium, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.9% per year) and Belgium (-2.2% per year).

Import Prices by Country

The average spark plug import price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 decreased by -8.9% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35%. 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.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Hungary ($X per unit), while the price for Italy ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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