Sweden: Spark Plug Market 2025

Spark Plug Market Size in Sweden

In 2022, the Swedish spark plug market decreased by -21.4% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, recorded temperate growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Spark Plug Production in Sweden

In value terms, spark plug production expanded notably to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 72% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Spark Plug Exports

Exports from Sweden

In 2022, overseas shipments of sparking plugs increased by 36% to X units, rising for the second consecutive year after three years of decline. In general, exports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 94%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, spark plug exports shrank to $X in 2022. Overall, exports recorded a noticeable increase. The growth pace was the most rapid in 2021 when exports increased by 45%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

China (X units) was the main destination for spark plug exports from Sweden, with a 26% share of total exports. Moreover, spark plug exports to China exceeded the volume sent to the second major destination, Norway (X units), twofold. The third position in this ranking was held by Finland (X units), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-3.5% per year) and Finland (+1.5% per year).

In value terms, China ($X) remains the key foreign market for sparking plugs exports from Sweden, comprising 26% of total exports. The second position in the ranking was held by Norway ($X), with an 11% share of total exports. It was followed by Finland, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-3.6% per year) and Finland (+1.4% per year).

Export Prices by Country

The average spark plug export price stood at $X per unit in 2022, with a decrease of -34.5% 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 an increase of 40%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Denmark ($X per unit) and Norway ($X per unit), while the average price for exports to China ($X per unit) and the UK ($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 Denmark (-0.1%), while the prices for the other major destinations experienced a decline.

Spark Plug Imports

Imports into Sweden

After three years of growth, supplies from abroad of sparking plugs decreased by -19.4% to X units in 2022. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, spark plug imports reached $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Japan (X units) and the Netherlands (X units) were the main suppliers of spark plug imports to Sweden, together accounting for 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spark plug suppliers to Sweden were Germany ($X), Japan ($X) and the Netherlands ($X), with a combined 78% share of total imports.

Japan, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, picking up by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Japan ($X per unit), while the price for France ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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