Spark Plug Market

Spark plug market: read the most recent data enhanced by an Ai-driven market research platform. Info include market size, imports, companies, trade, market prices, production, exports, and consumption. Here is a breakdown by country, including the U.S., China, the Middle East, EU, Russia, Africa, Latin America, and the U.K. Market trends and outlook to 2030 are also provided in the reports.


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Spark Plug - World's Largest Markets

RatingCountry
1Japan
2India
3Germany
4China
5United States

In value terms, Japan led the market, alone. The second position in the ranking was occupied by India. It was followed by Germany.

In Japan, the spark plug market expanded at an average annual rate of +169.3% over the period from 2019-2021. In the other countries, the average annual rates were as follows: India (-3.6% per year) and Germany (+65.4% per year).

Spark Plug Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per unit
China0.40.70.59.1%
United States0.50.50.58.9%
Indonesia0.51.10.69.9%
Russia1.70.91-21.3%
Thailand0.81.31.115.5%
Japan1.11.15110.2%
Germany1.34.57.6137.5%
Average0.91.32.150.5%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($7.6 per unit), while China ($0.5 per unit) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+137.5% per year), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per unit
Germany2.84.64.527.0%
Netherlands2.23.43.526.7%
China33.33.22.1%
Mexico0.50.7298.2%
Russia2.51.81.9-13.5%
United Arab Emirates1.111.1-1.7%
Singapore1.20.81-9.4%
United States0.70.60.5-20.1%
Average1.41.51.53.4%

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($4.5 per unit), while the United States ($0.5 per unit) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+98.2% per year), while the other global leaders experienced more modest paces of growth.

Spark Plug - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
United States0.50.50.54.4%
Germany0.40.40.56.3%
China0.20.30.33.7%
Mexico0.10.10.217.4%
Netherlands0.070.080.248.7%

In value terms, the largest spark plug importing markets worldwide were the United States ($549M), Germany ($460M) and China ($268M), with a combined 39% share of global imports. Mexico, the Netherlands, Russia, the United Arab Emirates and Singapore lagged somewhat behind, together comprising a further 18%.

The Netherlands recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Spark Plug - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
Japan1.30.81-13.6%
Germany0.40.70.943.0%
United States0.30.20.2-4.0%
Thailand0.070.10.119.2%
China0.10.090.1-4.8%

In value terms, Japan ($981M), Germany ($853M) and the United States ($247M) were the countries with the highest levels of exports in 2021, together accounting for 65% of global exports. Thailand, China, Russia and Indonesia lagged somewhat behind, together accounting for a further 10%.

In terms of the main exporting countries, Russia (+54.9% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Spark Plug - Market Forecast

The spark plug market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.4% for the nine-year period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Spark Plug - Top Companies

Ape Indústria e Comércio Ltda, PANASONIC CORPORATION, SUMITOMO ELECTRIC INDUSTRIES, LTD., Lear Corporation, KOITO MANUFACTURING CO., LTD., AVIC Electromechanical System Co., Ltd., TOKAI RIKA CO., LTD., STANLEY ELECTRIC CO.,LTD., CHAOWEI POWER HOLDINGS LIMITED, Denso Europe B.V., Lg Electronics Vehicle Components U.S.A., LLC, Lear Corporation GmbH, Borgwarner Pds (indiana) Inc., Sumitomo Electric Wiring Systems, Inc., U-SHIN LTD., North American Lighting, Inc., MAGNETI MARELLI SPA, Bbb Industries, LLC, YURA CORPORATION, FURUKAWA AUTOMOTIVE SYSTEMS INC.

Spark Plug - Product Coverage

  • HS 851110 - Ignition or starting equipment; spark plugs, of a kind used for spark or compression-ignition internal combustion engines
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This report provides an in-depth analysis of the spark plug market in the Middle East.

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This report provides an in-depth analysis of the spark plug market in Central Asia.

Latin America and the Caribbean - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the spark plug market in Latin America and the Caribbean.

Southern Asia - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the spark plug market in Southern Asia.

Northern America - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the spark plug market in Northern America.

Australia and Oceania - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the spark plug market in Australia and Oceania.

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