MERCOSUR: Ignition Magneto Market 2025

Ignition Magneto Market Size in MERCOSUR

In 2021, the MERCOSUR ignition magneto market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a noticeable slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Ignition Magneto Production in MERCOSUR

In value terms, ignition magneto production shrank to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 71% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Ignition Magneto Exports

Exports in MERCOSUR

In 2021, overseas shipments of ignition magnetos, magneto-dynamos and magnetic flywheels were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ignition magneto exports soared to $X in 2021. Over the period under review, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Brazil (X units) was the main exporter of ignition magnetos, magneto-dynamos and magnetic flywheels, mixing up 79% of total exports. It was distantly followed by Chile (X units) and Suriname (X units), together constituting a 17% share of total exports. Colombia (X units) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +26.1% from 2012 to 2021. At the same time, Chile (+60.4%), Suriname (+23.2%) and Colombia (+2.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +60.4% from 2012-2021. From 2012 to 2021, the share of Brazil and Chile increased by +11 and +9.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest ignition magneto supplier in MERCOSUR, comprising 69% of total exports. The second position in the ranking was taken by Chile ($X), with a 23% share of total exports. It was followed by Suriname, with a 5.3% share.

In Brazil, ignition magneto exports expanded at an average annual rate of +13.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (+32.0% per year) and Suriname (+18.8% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2021, declining by -27.1% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when the export price increased by 242%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+3.8%), while the other leaders experienced a decline in the export price figures.

Ignition Magneto Imports

Imports in MERCOSUR

In 2021, after two years of decline, there was significant growth in overseas purchases of ignition magnetos, magneto-dynamos and magnetic flywheels, when their volume increased by 69% to X units. In general, imports, however, recorded a abrupt contraction. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ignition magneto imports surged to $X in 2021. Overall, imports, however, saw a noticeable reduction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, reaching X units, which was near 77% of total imports in 2021. It was distantly followed by Colombia (X units), constituting a 7% share of total imports. The following importers - Argentina (X units), Peru (X units), Ecuador (X units) and Chile (X units) - together made up 13% of total imports.

From 2012 to 2021, average annual rates of growth with regard to ignition magneto imports into Brazil stood at -12.3%. At the same time, Chile (+34.0%), Ecuador (+22.6%), Argentina (+17.6%), Colombia (+6.3%) and Peru (+3.9%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +34.0% from 2012-2021. While the share of Colombia (+5.5 p.p.), Argentina (+4 p.p.), Ecuador (+2.9 p.p.), Peru (+2.4 p.p.) and Chile (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brazil (-14.9 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported ignition magnetos, magneto-dynamos and magnetic flywheels in MERCOSUR, comprising 62% of total imports. The second position in the ranking was taken by Peru ($X), with a 9.5% share of total imports. It was followed by Colombia, with a 7.3% share.

In Brazil, ignition magneto imports declined by an average annual rate of -4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Peru (+9.9% per year) and Colombia (-1.1% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, dropping by -3.3% against the previous year. In general, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the import price increased by 53%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform