Portugal: Spark Plug Market 2025

Spark Plug Market Size in Portugal

In 2022, the Portuguese spark plug market decreased by -1.8% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Spark plug consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Spark Plug Production in Portugal

In value terms, spark plug production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 56%. Spark plug production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Spark Plug Exports

Exports from Portugal

In 2022, overseas shipments of sparking plugs increased by 35% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, spark plug exports fell to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units), Angola (X units) and France (X units) were the main destinations of spark plug exports from Portugal, together accounting for 73% of total exports. Honduras, Cabo Verde, Costa Rica and Mexico lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +564.6%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Angola ($X) and France ($X) appeared to be the largest markets for spark plug exported from Portugal worldwide, with a combined 73% share of total exports. Honduras, Cabo Verde, Costa Rica and Mexico lagged somewhat behind, together accounting for a further 16%.

Costa Rica, with a CAGR of +553.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spark plug export price amounted to $X per unit, reducing by -26.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 25%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cabo Verde ($X per unit) and Spain ($X per unit), while the average price for exports to Mexico ($X per unit) and Costa Rica ($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 Russia (+6.3%), while the prices for the other major destinations experienced a decline.

Spark Plug Imports

Imports into Portugal

In 2022, the amount of sparking plugs imported into Portugal dropped to X units, which is down by -13.5% compared with the previous year's figure. Overall, imports recorded a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 19%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, spark plug imports declined modestly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank modestly in the following year.

Imports by Country

Spain (X units), Germany (X units) and Belgium (X units) were the main suppliers of spark plug imports to Portugal, together accounting for 86% of total imports. The United States, Poland, Austria, France, the Netherlands and the UK lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +161.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Belgium ($X) constituted the largest spark plug suppliers to Portugal, with a combined 86% share of total imports. The United States, Poland, Austria, France, the Netherlands and the UK lagged somewhat behind, together accounting for a further 10%.

In terms of the main suppliers, Poland, with a CAGR of +169.2%, saw the highest rates of growth with regard to 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 spark plug import price amounted to $X per unit, with an increase of 14% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 increased by +12.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 15% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per unit) and Poland ($X per unit), while the price for the UK ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :