Portugal: Ignition Magneto Market 2025

Ignition Magneto Market Size in Portugal

In 2021, the Portuguese ignition magneto market decreased by -6.9% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Ignition Magneto Production in Portugal

In value terms, ignition magneto production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Ignition Magneto Exports

Exports from Portugal

In 2021, exports of ignition magnetos, magneto-dynamos and magnetic flywheels from Portugal declined to X units, reducing by -14.3% against 2020. Overall, exports recorded a precipitous descent. The growth pace was the most rapid in 2017 when exports increased by 287%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ignition magneto exports soared to $X in 2021. In general, exports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2016 when exports increased by 189% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X units), the UK (X units) and Angola (X units) were the main destinations of ignition magneto exports from Portugal, with a combined 80% share of total exports. Cabo Verde, Morocco and Brazil lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cabo Verde (with a CAGR of +69.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for ignition magnetos, magneto-dynamos and magnetic flywheels exports from Portugal, comprising 77% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.3% share of total exports. It was followed by Morocco, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.9% per year) and Morocco (0.0% per year).

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2021, rising by 189% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Morocco ($X per unit), while the average price for exports to Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+476.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into Portugal

In 2021, overseas purchases of ignition magnetos, magneto-dynamos and magnetic flywheels decreased by -3% to X units, falling for the third year in a row after two years of growth. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 89% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ignition magneto imports skyrocketed to $X in 2021. Overall, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2018 with an increase of 63%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of ignition magneto to Portugal, accounting for a 55% share of total imports. Moreover, ignition magneto imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Germany (+1.6% per year).

In value terms, Spain ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Portugal, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.7% per year) and Italy (+11.1% per year).

Import Prices by Country

In 2021, the average ignition magneto import price amounted to $X per unit, increasing by 29% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ignition magneto import price increased by +64.6% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 80%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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