India - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in India - 2023
Contents:
- Spark Plug Price in India (CIF) - 2023
- Spark Plug Price in India (FOB) - 2023
- Spark Plug Imports in India
- Spark Plug Exports in India
Spark Plug Price in India (CIF) - 2023
The average spark plug import price stood at $370 per thousand units in September 2023, approximately equating the previous month. Overall, the import price showed a mild slump. The pace of growth was the most pronounced in October 2022 when the average import price increased by 51% against the previous month. As a result, import price attained the peak level of $0.6 per unit. From November 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($2.4 per unit), while the price for China ($89.0 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.
Spark Plug Price in India (FOB) - 2023
In September 2023, the average spark plug export price amounted to $854 per thousand units, remaining relatively unchanged against the previous month. In general, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 7.5% m-o-m. Over the period under review, the average export prices reached the maximum at $984 per thousand units in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($872 per thousand units), while the average price for exports to Indonesia ($467 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 Germany (+1.0%), while the prices for the other major destinations experienced a decline.
Spark Plug Imports in India
In 2022, imports of sparking plugs into India skyrocketed to 50M units, picking up by 37% compared with 2021. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spark plug imports soared to $28M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Spark Plug in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.7 | 2.2 | 4.7 | 8.1 | 44.2% |
| Thailand | 1.3 | 1.9 | 5.3 | 5.8 | 64.6% |
| China | 1.7 | 2.4 | 4.4 | 4.5 | 38.3% |
| United States | 2.0 | 1.1 | 1.5 | 2.4 | 6.3% |
| South Korea | 1.5 | 1.1 | 1.1 | 2.4 | 17.0% |
| Germany | 1.8 | 1.6 | 2.0 | 2.0 | 3.6% |
| Czech Republic | N/A | N/A | 0.6 | 1.1 | 83.3% |
| Others | 1.4 | 1.1 | 1.5 | 1.5 | 2.3% |
| Total | 12.4 | 11.5 | 21.1 | 27.9 | 31.0% |
Top Suppliers of Spark Plug to India in 2022:
- Japan (29.4M units)
- Thailand (6.0M units)
- South Korea (4.9M units)
- China (3.9M units)
- United States (2.7M units)
- Czech Republic (1.2M units)
- Germany (1.2M units)
Spark Plug Exports in India
Spark plug exports from India soared to 26M units in 2022, jumping by 20% on the previous year. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 113%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, spark plug exports skyrocketed to $26M in 2022. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 92%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spark Plug in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 884 | 783 | 1,979 | 5,443 | 83.3% |
| Bangladesh | 1,868 | 1,211 | 2,920 | 2,293 | 7.1% |
| South Korea | 1,294 | 1,102 | 978 | 2,036 | 16.3% |
| Egypt | 886 | 948 | 1,363 | 1,531 | 20.0% |
| Indonesia | 270 | 110 | 115 | 1,407 | 73.4% |
| United States | 1,136 | 509 | 993 | 1,123 | -0.4% |
| United Arab Emirates | 497 | 224 | 361 | 1,048 | 28.2% |
| Colombia | 716 | 512 | 1,089 | 780 | 2.9% |
| Guatemala | 226 | 173 | 375 | 711 | 46.5% |
| Sri Lanka | 850 | 434 | 1,604 | 647 | -8.7% |
| Nepal | 517 | 246 | 520 | 631 | 6.9% |
| Belgium | 567 | 614 | 839 | 558 | -0.5% |
| Peru | 383 | 308 | 595 | 411 | 2.4% |
| Others | 9,997 | 2,652 | 5,152 | 7,122 | -10.7% |
| Total | 20,090 | 9,825 | 18,884 | 25,741 | 8.6% |
Top Export Markets for Spark Plug from India in 2022:
- Germany (7.0M units)
- Bangladesh (3.3M units)
- Indonesia (2.7M units)
- Egypt (1.3M units)
- United States (1.2M units)
- Belgium (1.2M units)
- South Korea (1.0M units)
- Guatemala (0.9M units)
- Sri Lanka (0.8M units)
- Colombia (0.8M units)
- Nepal (0.7M units)
- United Arab Emirates (0.5M units)
- Peru (0.4M units)
This report provides an in-depth analysis of the spark plug market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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