Pakistan: Ignition Coil Market 2024

Ignition Coil Market Size in Pakistan

The Pakistani ignition coil market dropped markedly to $X in 2022, declining 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). Over the period under review, consumption recorded a abrupt shrinkage. Ignition coil consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Ignition Coil Exports

Exports from Pakistan

After two years of growth, overseas shipments of distributors and ignition coils decreased by X% to X units in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, ignition coil exports plummeted to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped notably in the following year.

Exports by Country

The United Arab Emirates (X units), Germany (X units) and Turkey (X units) were the main destinations of ignition coil exports from Pakistan, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for ignition coil exported from Pakistan worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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 coil export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Coil Imports

Imports into Pakistan

In 2022, overseas purchases of distributors and ignition coils decreased by X% to X units, falling for the sixth year in a row after two years of growth. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, ignition coil imports reduced rapidly to $X in 2022. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ignition coil to Pakistan, accounting for a X% share of total imports. Moreover, ignition coil imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by Romania (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Romania (X% per year).

In value terms, China ($X) constituted the largest supplier of distributors and ignition coils to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and the United States (X% per year).

Import Prices by Country

The average ignition coil import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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