Singapore: Spark Plug Market 2025

Spark Plug Market Size in Singapore

The Singaporean spark plug market expanded remarkably to $X in 2022, increasing by 11% against the previous year. Over the period under review, consumption recorded a resilient expansion. Spark plug consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Spark Plug Production in Singapore

In value terms, spark plug production stood at $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 170% against the previous year. Spark plug production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Spark Plug Exports

Exports from Singapore

In 2022, shipments abroad of sparking plugs increased by 3.6% to X units, rising for the fourth year in a row after six years of decline. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 11%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, spark plug exports contracted to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X units), China (X units) and Malaysia (X units) were the main destinations of spark plug exports from Singapore, together comprising 42% of total exports. The United Arab Emirates, Indonesia, Thailand, Oman, Bahrain, Hong Kong SAR, Sri Lanka, Cambodia, Vietnam and Myanmar lagged somewhat behind, together accounting for a further 44%.

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 +32.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Kuwait ($X) and Malaysia ($X) were the largest markets for spark plug exported from Singapore worldwide, with a combined 39% share of total exports. Indonesia, Thailand, the United Arab Emirates, Hong Kong SAR, Oman, Myanmar, Vietnam, Cambodia, Bahrain and Sri Lanka lagged somewhat behind, together accounting for a further 26%.

The United Arab Emirates, with a CAGR of +25.9%, saw the highest growth rate of 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

The average spark plug export price stood at $X per unit in 2022, declining by -16.7% against the previous year. Overall, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2019 an increase of 49%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Sri Lanka ($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 Vietnam (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Singapore

In 2022, supplies from abroad of sparking plugs increased by 18% to X units, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, spark plug imports amounted to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X units), Indonesia (X units) and Germany (X units) were the main suppliers of spark plug imports to Singapore, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +26.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest spark plug suppliers to Singapore, together comprising 77% of total imports. Indonesia, Malaysia and China lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Indonesia, with a CAGR of +20.0%, 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 spark plug import price amounted to $X per unit, falling by -11.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 69%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Indonesia ($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 (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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