Turkey: Ignition Coil Market 2024

Ignition Coil Market Size in Turkey

In 2022, the Turkish ignition coil market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption saw a noticeable decline. Ignition coil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Ignition Coil Production in Turkey

In value terms, ignition coil production fell modestly to $X in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Ignition coil production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Ignition Coil Exports

Exports from Turkey

In 2022, exports of distributors and ignition coils from Turkey contracted remarkably to X units, waning by X% compared with the previous year's figure. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then declined remarkably in the following year.

In value terms, ignition coil exports totaled $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X units) was the main destination for ignition coil exports from Turkey, with a X% share of total exports. Moreover, ignition coil exports to Italy exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was taken by Austria (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Austria (X% per year).

In value terms, Italy ($X) remains the key foreign market for distributors and ignition coils exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average ignition coil export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($X per unit) and Austria ($X per unit), while the average price for exports to Hungary ($X per unit) and the UK ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ignition Coil Imports

Imports into Turkey

In 2022, after two years of growth, there was significant decline in overseas purchases of distributors and ignition coils, when their volume decreased by X% to X units. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, ignition coil imports expanded modestly to $X in 2022. Overall, total imports indicated a notable increase 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ignition coil to Turkey, with a X% share of total imports. Moreover, ignition coil imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of distributors and ignition coils to Turkey, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Italy (X% per year).

Import Prices by Country

The average ignition coil import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and Japan ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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