Iceland: Spark Plug Market 2020

Spark Plug Market Size in Iceland

The revenue of the spark plug market in Iceland amounted to $X in 2018, jumping by X% 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). In general, spark plug consumption continues to indicate a moderate shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Iceland spark plug consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Spark Plug Exports

Exports from Iceland

Spark plug exports from Iceland amounted to X units in 2018, jumping by X% against the previous year. Over the period under review, spark plug exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Iceland exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, spark plug exports amounted to $X in 2018. Over the period under review, spark plug exports continue to indicate an outstanding increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. In that year, spark plug exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Japan (X units), distantly followed by Germany (X units), China (X units) and Mexico (X units) represented the key exporters of sparking plugs, together mixing up X% of total exports. The following exporters - France (X units), the Netherlands (X units), Indonesia (X units), Russia (X units), Belgium (X units) and the UK (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest spark plug markets from Iceland were Japan ($X), Germany ($X) and Mexico ($X), together accounting for X% of total exports. France, China, the Netherlands, Belgium, the UK, Indonesia, Russia and Iceland lagged somewhat behind, together comprising a further X the main exporting countries, Iceland experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the spark plug export price in Iceland amounted to $X per unit, increasing by X% against the previous year. In general, the spark plug export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. In that year, the export prices for sparking plugs attained their peak level of $X per unit. From 2013 to 2018, the growth in terms of the export prices for sparking plugs remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Spark Plug Imports

Imports into Iceland

Spark plug imports into Iceland amounted to X units in 2018, falling by -X% against the previous year. In general, spark plug imports continue to indicate an abrupt downturn. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, spark plug imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, spark plug imports stood at $X in 2018. In general, spark plug imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. In that year, spark plug imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units) represented the largest importer of sparking plugs, creating X% of total imports. It was distantly followed by Germany (X units), the United Arab Emirates (X units), China (X units) and Mexico (X units), together constituting a X% share of total imports. Russia (X units), India (X units), Australia (X units), Thailand (X units), the UK (X units) and the Netherlands (X units) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of sparking plugs imports. At the same time, the United Arab Emirates (+X%), India (+X%), China (+X%), Thailand (+X%), Australia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Mexico and Russia experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the United Arab Emirates, China, India and the U.S. increased by +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spark plug importing markets into Iceland were the U.S. ($X), Germany ($X) and China ($X), together comprising X% of total imports. Mexico, the United Arab Emirates, the UK, Russia, the Netherlands, Australia, Thailand, India and Iceland lagged somewhat behind, together accounting for a further X United Arab Emirates recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the spark plug import price in Iceland amounted to $X per unit, growing by X% against the previous year. Overall, the spark plug import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when the import price increased by X% y-o-y. In that year, the import prices for sparking plugs reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform