Colombia - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSpark Plug Price in Colombia - 2022
Contents:
- Spark Plug Price in Colombia (CIF) - 2022
- Spark Plug Price in Colombia (FOB) - 2022
- Spark Plug Imports in Colombia
- Spark Plug Exports in Colombia
Spark Plug Price in Colombia (CIF) - 2022
In 2022, the average spark plug import price amounted to $0.7 per unit, approximately equating the previous year. In general, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 69%. Over the period under review, average import prices hit record highs at $1.1 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2.2 per unit), while the price for Malaysia ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Spark Plug Price in Colombia (FOB) - 2022
The average spark plug export price stood at $3.6 per unit in 2022, shrinking by -24.9% against the previous year. In general, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 93%. The export price peaked at $4.8 per unit in 2021, and then shrank notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($7.2 per unit), while the average price for exports to Venezuela ($1.1 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 Austria (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spark Plug Imports in Colombia
In 2022, approx. 16M units of sparking plugs were imported into Colombia; waning by -20.5% on the year before. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, imports attained the peak of 21M units, and then dropped rapidly in the following year.
In value terms, spark plug imports plummeted to $11M in 2022. Over the period under review, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of $14M, and then shrank sharply in the following year.
| Import of Spark Plug in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2,081 | 1,510 | 2,897 | 3,052 | 13.6% |
| China | 1,035 | 871 | 1,511 | 1,778 | 19.8% |
| United States | 1,520 | 1,029 | 1,533 | 1,567 | 1.0% |
| Russia | 361 | 376 | 1,006 | 998 | 40.3% |
| India | 621 | 463 | 1,116 | 742 | 6.1% |
| Indonesia | 709 | 271 | 631 | 626 | -4.1% |
| France | 579 | 242 | 538 | 471 | -6.7% |
| Japan | 3,427 | 1,680 | 2,150 | 163 | -63.8% |
| Mexico | 723 | 316 | 642 | 131 | -43.4% |
| Malaysia | 61.6 | 57.7 | 72.5 | 78.2 | 8.3% |
| Others | 1,589 | 1,455 | 1,799 | 1,478 | -2.4% |
| Total | 12,706 | 8,270 | 13,896 | 11,083 | -4.5% |
Top Suppliers of Spark Plug to Colombia in 2022:
- Brazil (5.1M units)
- China (4.5M units)
- Malaysia (1.3M units)
- India (0.9M units)
- Russia (0.8M units)
- Indonesia (0.7M units)
- United States (0.7M units)
- France (0.6M units)
- Mexico (0.2M units)
- Japan (0.2M units)
Spark Plug Exports in Colombia
Spark plug exports from Colombia stood at 21K units in 2022, picking up by 3.4% against the previous year's figure. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The exports peaked at 32K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, spark plug exports declined sharply to $75K in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, the exports reached the peak of $96K, and then dropped dramatically in the following year.
| Export of Spark Plug in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 12.7 | 2.2 | 9.7 | 14.7 | 5.0% |
| Germany | 14.0 | 5.0 | 1.5 | 13.5 | -1.2% |
| Guatemala | 12.1 | 2.3 | 1.1 | 10.1 | -5.8% |
| Mexico | 1.8 | 1.8 | 3.3 | 6.0 | 49.4% |
| Dominican Republic | 0.2 | 2.7 | 0.9 | 5.0 | 192.4% |
| Venezuela | 2.4 | 1.7 | 2.1 | 4.0 | 18.6% |
| Panama | 0.3 | 0.2 | 0.2 | 1.4 | 67.1% |
| Austria | 9.6 | 5.4 | 4.5 | 1.2 | -50.0% |
| Others | 3.5 | 31.7 | 72.8 | 18.7 | 74.8% |
| Total | 56.7 | 53.0 | 96.1 | 74.6 | 9.6% |
Top Export Markets for Spark Plug from Colombia in 2022:
- Ecuador (5.6K units)
- Venezuela (3.7K units)
- Guatemala (3.3K units)
- Germany (2.4K units)
- Panama (1.2K units)
- Dominican Republic (1.2K units)
- Mexico (0.8K units)
- Austria (0.2K units)
This report provides an in-depth analysis of the spark plug market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
-
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
-
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
-
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
382
This report provides an in-depth analysis of the spark plug market in Colombia.
471
This report provides an in-depth analysis of the engine generator market in Colombia.
427
This report provides an in-depth analysis of the starter motor market in Colombia.
312
This report provides an in-depth analysis of the ignition coil market in Colombia.
335
This report provides an in-depth analysis of the market for internal combustion engine equipment in Colombia.
321
This report provides an in-depth analysis of the ignition magneto market in Colombia.
1067
This report provides an in-depth analysis of the global spark plug market.
1290
This report provides an in-depth analysis of the global engine generator market.
1280
This report provides an in-depth analysis of the global starter motor market.
588
This report provides an in-depth analysis of the global ignition coil market.
88
Global spark plug market projected to see slight growth in volume and value terms over the next seven years. Consumption trends, production, imports, and exports analyzed for key countries.
92
Explore the top countries by import value for spark plugs in 2023. Learn about the key players and factors driving the global market.
845
In value terms, generators for producer and water gas imports amounted to $X in 2016. Overall, generators for producer and water gas imports continue to indicate a noticeable shrinkage. Global gene...
760
In value terms, generators for producer and water gas exports amounted to $X in 2016. In general, generators for producer and water gas exports continue to indicate a moderate contraction. In that ...
662
In 2016, the global engine generator imports totaled X tons, increasing by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
770
In 2016, the global engine generator imports totaled X tons, increasing by X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
88
Global spark plug market projected to see slight growth in volume and value terms over the next seven years. Consumption trends, production, imports, and exports analyzed for key countries.
92
Explore the top countries by import value for spark plugs in 2023. Learn about the key players and factors driving the global market.
845
In value terms, generators for producer and water gas imports amounted to $X in 2016. Overall, generators for producer and water gas imports continue to indicate a noticeable shrinkage. Global gene...
760
In value terms, generators for producer and water gas exports amounted to $X in 2016. In general, generators for producer and water gas exports continue to indicate a moderate contraction. In that ...
