Global Ignition Coil Market 2024

Ignition Coil Market Size

The global ignition coil market shrank to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the global market failed to regain momentum.

Ignition Coil Production

In value terms, ignition coil production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2014 when the production volume increased by X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Ignition Coil Exports

Exports

In 2022, global ignition coil exports shrank to X units, dropping by X% on the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, ignition coil exports contracted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, China (X units) represented the key exporter of distributors and ignition coils, constituting X% of total exports. It was distantly followed by Japan (X units), the United States (X units), Germany (X units), Turkey (X units), Mexico (X units) and Thailand (X units), together creating a X% share of total exports. Poland (X units), Italy (X units), Brazil (X units), India (X units) and Portugal (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Poland (X%), Thailand (X%), India (X%), Italy (X%), Brazil (X%) and Japan (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Germany (X%), Mexico (X%) and Portugal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Thailand, China and Poland increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ignition coil supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average ignition coil export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced a decline in the export price figures.

Ignition Coil Imports

Imports

In 2022, approx. X units of distributors and ignition coils were imported worldwide; shrinking by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, ignition coil imports contracted to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) was the largest importer of distributors and ignition coils, generating X% of total imports. Mexico (X units) ranks second in terms of the total imports with a X% share, followed by Germany (X%). Thailand (X units), China (X units), Brazil (X units), Singapore (X units), Italy (X units), Canada (X units), Poland (X units), Russia (X units), India (X units) and Indonesia (X units) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Italy (X%), India (X%), Russia (X%), Indonesia (X%), Thailand (X%), Germany (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, Canada (X%), Mexico (X%) and China (X%) illustrated a downward trend over the same period. The United States (X p.p.), Poland (X p.p.), Italy (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the global imports, while China and Mexico saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported distributors and ignition coils worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with an X% share of global imports. It was followed by Mexico, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Mexico (X% per year).

Import Prices by Country

The average ignition coil import price stood at $X per unit in 2022, remaining constant against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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