Australia - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Australia - 2023
Contents:
- Spark Plug Price in Australia (CIF) - 2023
- Spark Plug Price in Australia (FOB) - 2022
- Spark Plug Imports in Australia
- Spark Plug Exports in Australia
Spark Plug Price in Australia (CIF) - 2023
In September 2023, the average spark plug import price amounted to $4.4 per unit, which is down by -4.2% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 64% against the previous month. As a result, import price reached the peak level of $5.7 per unit. From June 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($29.0 per unit), while the price for China ($1.3 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Spark Plug Price in Australia (FOB) - 2022
In 2022, the average spark plug export price amounted to $4.6 per unit, stabilizing at the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spark plug export price increased by +78.5% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of 51%. Over the period under review, the average export prices hit record highs at $4.7 per unit in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($12 per unit), while the average price for exports to Belgium ($1.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.
Spark Plug Imports in Australia
In 2022, supplies from abroad of sparking plugs decreased by -6.1% to 14M units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 3.1% against the previous year. As a result, imports reached the peak of 15M units, and then dropped in the following year.
In value terms, spark plug imports dropped modestly to $54M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports attained the peak of $54M, leveling off in the following year.
Import of Spark Plug in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 26.1 | 23.3 | 27.4 | 25.3 | -1.0% |
Thailand | 7.1 | 9.6 | 8.7 | 10.0 | 12.1% |
United States | 7.4 | 3.6 | 3.9 | 5.9 | -7.3% |
Germany | 3.8 | 4.6 | 6.4 | 4.6 | 6.6% |
Austria | 1.1 | 1.7 | 0.9 | 1.3 | 5.7% |
China | 0.9 | 1.0 | 1.8 | 1.3 | 13.0% |
Russia | 0.3 | 0.4 | 1.2 | 0.7 | 32.6% |
Others | 3.2 | 3.1 | 3.7 | 4.6 | 12.9% |
Total | 50.0 | 47.3 | 54.0 | 53.7 | 2.4% |
Top Suppliers of Spark Plug to Australia in 2022:
- Japan (6.4M units)
- Thailand (3.8M units)
- China (0.9M units)
- Germany (0.7M units)
- United States (0.6M units)
- Austria (0.3M units)
- Russia (0.3M units)
Spark Plug Exports in Australia
In 2022, spark plug exports from Australia reduced to 1.5M units, waning by -5% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1%. As a result, the exports reached the peak of 1.6M units, and then contracted in the following year.
In value terms, spark plug exports reduced to $7M in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of $7.4M, and then dropped in the following year.
Export of Spark Plug in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 6.1 | 5.3 | 6.3 | 5.8 | -1.7% |
Germany | N/A | N/A | N/A | 0.4 | 0% |
Fiji | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
Belgium | N/A | N/A | 0.1 | 0.1 | 0.0% |
Others | 0.3 | 0.7 | 0.9 | 0.5 | 18.6% |
Total | 6.7 | 6.3 | 7.4 | 7.0 | 1.5% |
Top Export Markets for Spark Plug from Australia in 2022:
- New Zealand (1333.8K units)
- Fiji (87.7K units)
- Belgium (34.4K units)
- Germany (34.1K units)
This report provides an in-depth analysis of the spark plug market in Australia. 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 29312130 - Sparking plugs
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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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
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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
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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
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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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