Hong Kong SAR, China - 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 Hong Kong SAR - 2023
Contents:
- Spark Plug Price in Hong Kong SAR (CIF) - 2022
- Spark Plug Price in Hong Kong SAR (FOB) - 2022
- Spark Plug Imports in Hong Kong SAR
- Spark Plug Exports in Hong Kong SAR
Spark Plug Price in Hong Kong SAR (CIF) - 2022
In 2022, the average spark plug import price amounted to $4.2 per unit, jumping by 51% against the previous year. Overall, the import price showed a moderate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Singapore ($6.3 per unit), while the price for the United Arab Emirates ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spark Plug Price in Hong Kong SAR (FOB) - 2022
In 2022, the average spark plug export price amounted to $3 per unit, growing by 19% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 49% against the previous year. As a result, the export price reached the peak level of $3.9 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
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 Singapore ($5.8 per unit), while the average price for exports to Colombia ($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 Singapore (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.
Spark Plug Imports in Hong Kong SAR
Spark plug imports into Hong Kong SAR dropped significantly to 2.3M units in 2022, with a decrease of -46.1% against the previous year's figure. Over the period under review, imports saw a precipitous slump. The growth pace was the most rapid in 2021 when imports increased by 105% against the previous year. Over the period under review, imports attained the peak figure at 4.8M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, spark plug imports reduced dramatically to $9.6M in 2022. In general, imports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 84% against the previous year. As a result, imports attained the peak of $12M, and then dropped remarkably in the following year.
Import of Spark Plug in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,928 | 1,526 | 5,081 | 4,274 | 13.4% |
Japan | 2,018 | 2,002 | 2,223 | 1,791 | -3.9% |
China | 199 | 255 | 1,210 | 1,112 | 77.5% |
Singapore | 549 | 227 | 639 | 414 | -9.0% |
Germany | 825 | 648 | 612 | 387 | -22.3% |
United Arab Emirates | 125 | 174 | 196 | 285 | 31.6% |
Indonesia | 78.7 | 51.7 | 149 | 201 | 36.7% |
Taiwan (Chinese) | 2,094 | 636 | 366 | 138 | -59.6% |
Oman | 572 | 219 | 339 | N/A | -23.0% |
Others | 785 | 641 | 927 | 983 | 7.8% |
Total | 10,173 | 6,380 | 11,741 | 9,584 | -2.0% |
Top Suppliers of Spark Plug to Hong Kong SAR in 2022:
- United States (886.2K units)
- Japan (354.3K units)
- United Arab Emirates (262.4K units)
- China (262.3K units)
- Indonesia (168.0K units)
- Taiwan (Chinese) (87.1K units)
- Singapore (65.4K units)
- Germany (45.1K units)
Spark Plug Exports in Hong Kong SAR
In 2022, the amount of sparking plugs exported from Hong Kong SAR soared to 1.1M units, jumping by 110% against 2021 figures. Over the period under review, exports, however, continue to indicate a dramatic downturn. The exports peaked at 2.6M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, spark plug exports skyrocketed to $3.4M in 2022. In general, exports, however, continue to indicate a sharp contraction. Over the period under review, the exports attained the maximum at $10M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Spark Plug in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 29.1 | 7.6 | 109 | 998 | 224.9% |
China | 283 | 213 | 394 | 436 | 15.5% |
Russia | 0.7 | 22.7 | 32.7 | 409 | 736.0% |
Vietnam | N/A | N/A | 52.5 | 282 | 437.1% |
United States | 102 | 63.1 | 97.1 | 218 | 28.8% |
Australia | 9.5 | 5.3 | 2.2 | 82.3 | 105.4% |
Lithuania | N/A | 1.9 | N/A | 78.1 | 541.1% |
Malaysia | 8,910 | 473 | 32.9 | 61.2 | -81.0% |
Singapore | 379 | 135 | 212 | 55.1 | -47.4% |
Colombia | 9.2 | 4.9 | 16.5 | 31.0 | 49.9% |
Others | 549 | 214 | 412 | 734 | 10.2% |
Total | 10,272 | 1,140 | 1,360 | 3,384 | -30.9% |
Top Export Markets for Spark Plug from Hong Kong SAR in 2022:
- United Kingdom (253.8K units)
- United States (200.8K units)
- Vietnam (184.4K units)
- Russia (101.4K units)
- China (94.0K units)
- Australia (65.8K units)
- Colombia (29.5K units)
- Lithuania (20.0K units)
- Malaysia (15.3K units)
- Singapore (9.5K units)
This report provides an in-depth analysis of the spark plug 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 29312130 - Sparking plugs
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
-
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
This report provides an in-depth analysis of the spark plug market in Hong Kong SAR, China.
This report provides an in-depth analysis of the engine generator market in Hong Kong SAR, China.
This report provides an in-depth analysis of the starter motor market in Hong Kong SAR, China.
This report provides an in-depth analysis of the ignition coil market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for internal combustion engine equipment in Hong Kong SAR, China.
This report provides an in-depth analysis of the ignition magneto market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global spark plug market.
This report provides an in-depth analysis of the global engine generator market.
This report provides an in-depth analysis of the global starter motor market.
This report provides an in-depth analysis of the global ignition coil market.
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.
Explore the top countries by import value for spark plugs in 2023. Learn about the key players and factors driving the global market.
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...
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 ...
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>
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>
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.
Explore the top countries by import value for spark plugs in 2023. Learn about the key players and factors driving the global market.
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...
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 ...