Philippines: Ignition Coil Market 2025

Ignition Coil Market Size in the Philippines

In 2022, after two years of growth, there was decline in the Philippine ignition coil market, when its value decreased by X% to $X. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced modestly in the following year.

Ignition Coil Production in the Philippines

In value terms, ignition coil production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Ignition coil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ignition Coil Exports

Exports from the Philippines

In 2022, shipments abroad of distributors and ignition coils increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ignition coil exports expanded sharply to $X in 2022. Overall, exports, however, recorded a sharp downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for ignition coil exports from the Philippines, accounting for a X% share of total exports. Moreover, ignition coil exports to the United States exceeded the volume sent to the second major destination, Japan (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Singapore (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for distributors and ignition coils exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average ignition coil export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Japan ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ignition Coil Imports

Imports into the Philippines

For the fourth year in a row, the Philippines recorded growth in overseas purchases of distributors and ignition coils, which increased by X% to X units in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ignition coil imports declined modestly to $X in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Japan (X units), China (X units) and Thailand (X units) were the main suppliers of ignition coil imports to the Philippines, with a combined X% share of total imports. Tunisia, Vietnam, Hong Kong SAR and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Thailand ($X) were the largest ignition coil suppliers to the Philippines, together accounting for X% of total imports. Tunisia, Vietnam, Hong Kong SAR and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Tunisia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 ignition coil import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($X per unit) and Tunisia ($X per unit), while the price for China ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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