India: Ignition Magneto Market 2025

Ignition Magneto Market Size in India

The Indian ignition magneto market totaled $X in 2021, with an increase of 1.8% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 3.4% against the previous year. Ignition magneto consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Ignition Magneto Production in India

In value terms, ignition magneto production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Ignition Magneto Exports

Exports from India

In 2021, overseas shipments of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by -1.6% to X units, falling for the second consecutive year after five years of growth. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 60% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, ignition magneto exports reached $X in 2021. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 59% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Bangladesh (X units), Egypt (X units) and Sri Lanka (X units) were the main destinations of ignition magneto exports from India, with a combined 41% share of total exports. Nepal, Nigeria, Colombia, Sudan, Romania, Slovenia, China, Italy, Peru and the Philippines lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +123.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ignition magneto exported from India were Bangladesh ($X), Egypt ($X) and Sri Lanka ($X), with a combined 38% share of total exports. These countries were followed by Italy, Peru, Nepal, Colombia, Slovenia, Nigeria, the Philippines, China, Sudan and Romania, which together accounted for a further 34%.

Among the main countries of destination, Nepal, with a CAGR of +101.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, rising by 2.2% against the previous year. In general, the export price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2018 an increase of 7.7% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Sudan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into India

After three years of decline, supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by 47% to X units in 2021. Over the period under review, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 193% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, ignition magneto imports surged to $X in 2021. Overall, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 125% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan (X units), China (X units) and Indonesia (X units) were the main suppliers of ignition magneto imports to India, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +138.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Japan ($X) appeared to be the largest ignition magneto suppliers to India, with a combined 67% share of total imports.

Indonesia, with a CAGR of +104.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2021, with a decrease of -6% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 90% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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