Nigeria: Spark Plug Market 2025

Spark Plug Market Size in Nigeria

In 2022, the Nigerien spark plug market decreased by -3.1% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, recorded a abrupt descent. Spark plug consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Spark Plug Exports

Exports from Nigeria

In 2022, after two years of decline, there was significant growth in shipments abroad of sparking plugs, when their volume increased by 73% to X units. Over the period under review, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 576%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, spark plug exports soared to $X in 2022. In general, exports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 640%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) was the main destination for spark plug exports from Nigeria, with a 78% share of total exports. Moreover, spark plug exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Angola (X units), ninefold. The third position in this ranking was taken by France (X units), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-17.6% per year) and France (0.0% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for sparking plugs exports from Nigeria, comprising 79% of total exports. The second position in the ranking was held by Angola ($X), with a 7.2% share of total exports. It was followed by France, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Cote d'Ivoire amounted to +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-13.0% per year) and France (0.0% per year).

Export Prices by Country

The average spark plug export price stood at $X per unit in 2022, growing by 9.9% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spark plug export price decreased by -20.3% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Cote d'Ivoire ($X per unit) and Zimbabwe ($X per unit), while the average price for exports to Angola ($X per unit) and Austria ($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 Angola (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Nigeria

In 2022, overseas purchases of sparking plugs were finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 90%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, spark plug imports reduced to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 118%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Brazil (X units) and the United States (X units) were the main suppliers of spark plug imports to Nigeria, with a combined 40% share of total imports. Greece, Japan, Germany, India, Taiwan (Chinese), Russia, the United Arab Emirates, Austria, Mexico and Belgium lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +84.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spark plug suppliers to Nigeria were China ($X), Brazil ($X) and Japan ($X), together comprising 47% of total imports. Germany, India, Russia, the United Arab Emirates, the United States, Mexico, Belgium, Greece, Austria and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 41%.

Russia, with a CAGR of +67.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average spark plug import price amounted to $X per unit, waning by -8.1% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 -9.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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