MENA: Ignition Coil Market 2024

Ignition Coil Market Size in MENA

In 2022, the MENA's ignition coil market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a slight slump. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ignition Coil Production in MENA

In value terms, ignition coil production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ignition Coil Exports

Exports in MENA

In 2022, exports of distributors and ignition coils in MENA declined to X units, with a decrease of X% on 2021 figures. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell in the following year.

In value terms, ignition coil exports expanded markedly to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), committing a X% share of total exports.

Turkey was also the fastest-growing in terms of the distributors and ignition coils exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest ignition coil supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Ignition Coil Imports

Imports in MENA

After three years of growth, supplies from abroad of distributors and ignition coils decreased by X% to X units in 2022. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2017 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted modestly in the following year.

In value terms, ignition coil imports shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of distributors and ignition coils, namely Iran, the United Arab Emirates and Turkey, represented more than half of total import. Algeria (X units) took the next position in the ranking, followed by Iraq (X units). All these countries together took near X% share of total imports. The following importers - Israel (X units), Tunisia (X units), Egypt (X units), Oman (X units), Libya (X units) and Kuwait (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Algeria, Israel, Egypt, Tunisia, Oman, Iraq, Kuwait and Libya lagged somewhat behind, together comprising a further X%.

Iraq, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices reached the peak figure 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 importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform