Hong Kong SAR, China - Distributors And Ignition Coils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIgnition Coil Price in Hong Kong SAR - 2023
Contents:
- Ignition Coil Price in Hong Kong SAR (CIF) - 2022
- Ignition Coil Price in Hong Kong SAR (FOB) - 2023
- Ignition Coil Imports in Hong Kong SAR
- Ignition Coil Exports in Hong Kong SAR
Ignition Coil Price in Hong Kong SAR (CIF) - 2022
The average ignition coil import price stood at $23 per unit in 2022, jumping by 47% against the previous year. In general, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 128%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($48 per unit), while the price for the United Arab Emirates ($7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced a decline.
Ignition Coil Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average ignition coil export price amounted to $497 per thousand units, waning by -56.4% against the previous month. In general, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 605% against the previous month. As a result, the export price attained the peak level of $3.6 per unit. From May 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Trinidad and Tobago ($1.8 per unit), while the average price for exports to Japan ($210 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.4%), while the prices for the other major destinations experienced a decline.
Ignition Coil Imports in Hong Kong SAR
In 2022, supplies from abroad of distributors and ignition coils decreased by -42.4% to 188K units, falling for the second consecutive year after two years of growth. In general, imports showed a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 86% against the previous year. As a result, imports reached the peak of 907K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, ignition coil imports declined significantly to $4.4M in 2022. Over the period under review, imports continue to indicate a deep slump. The smallest decline of -2.9% was in 2020. Over the period under review, imports hit record highs at $6.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Ignition Coil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 276 | 119 | 1,257 | 1,712 | 83.7% |
| Germany | 1,860 | 1,176 | 1,388 | 804 | -24.4% |
| Japan | 578 | 306 | 202 | 376 | -13.4% |
| Malaysia | 221 | 315 | 351 | 295 | 10.1% |
| Singapore | 502 | 217 | 328 | 261 | -19.6% |
| China | 2,645 | 3,761 | 1,280 | 256 | -54.1% |
| United Arab Emirates | 82.0 | 25.6 | 91.6 | 102 | 7.5% |
| Thailand | 11.6 | 25.4 | 101 | 102 | 106.4% |
| Others | 330 | 373 | 197 | 501 | 14.9% |
| Total | 6,506 | 6,318 | 5,197 | 4,410 | -12.2% |
Top Suppliers of Ignition Coil to Hong Kong SAR in 2022:
- United States (37.6K units)
- Japan (35.4K units)
- Singapore (22.3K units)
- China (22.2K units)
- Germany (16.6K units)
- United Arab Emirates (14.6K units)
- Thailand (12.9K units)
- Malaysia (10.0K units)
Ignition Coil Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of distributors and ignition coils, which decreased by -43.6% to 1M units in 2022. In general, exports faced a sharp downturn. The smallest decline of -4.9% was in 2020. Over the period under review, the exports hit record highs at 2.7M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, ignition coil exports plummeted to $2.3M in 2022. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 8.6% against the previous year. Over the period under review, the exports hit record highs at $4.4M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Ignition Coil in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 229 | 414 | 1,379 | 873 | 56.2% |
| United States | 684 | 604 | 751 | 391 | -17.0% |
| United Arab Emirates | N/A | N/A | N/A | 266 | 0% |
| Indonesia | 1.0 | 6.9 | 66.2 | 66.1 | 304.3% |
| Mexico | 1,497 | 834 | 192 | 27.6 | -73.6% |
| Thailand | 770 | 73.4 | 1.1 | 20.9 | -69.9% |
| Turkey | N/A | N/A | N/A | 1.4 | 0% |
| Qatar | N/A | N/A | N/A | 0.5 | 0% |
| Others | 1,206 | 854 | 638 | 703 | -16.5% |
| Total | 4,387 | 2,786 | 3,027 | 2,349 | -18.8% |
Top Export Markets for Ignition Coil from Hong Kong SAR in 2022:
- United States (621.7K units)
- Japan (134.3K units)
- Mexico (81.4K units)
- Indonesia (49.3K units)
- Qatar (24.8K units)
- United Arab Emirates (23.9K units)
- Turkey (16.4K units)
- Thailand (6.1K units)
This report provides an in-depth analysis of the ignition coil market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29312170 - Distributors and ignition coils
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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