Mexico - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Mexico - 2023
Contents:
- Spark Plug Price in Mexico (CIF) - 2023
- Spark Plug Price in Mexico (FOB) - 2023
- Spark Plug Imports in Mexico
- Spark Plug Exports in Mexico
Spark Plug Price in Mexico (CIF) - 2023
In August 2023, the average spark plug import price amounted to $4.3 per unit, almost unchanged from the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 131% against the previous month. Over the period under review, average import prices attained the peak figure at $4.4 per unit in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Japan ($4.3 per unit) and Thailand ($4.3 per unit), while the price for China ($4.3 per unit) and Germany ($4.3 per unit) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Spark Plug Price in Mexico (FOB) - 2023
In August 2023, the average spark plug export price amounted to $1.0 per unit, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in July 2023 an increase of 7.7% m-o-m. As a result, the export price attained the peak level of $1.0 per unit, leveling off in the following month.
Average prices varied noticeably for the major overseas markets. In August 2023, the highest price was recorded for prices to Guatemala ($1.0 per unit) and the United States ($1.0 per unit), while the average price for exports to El Salvador ($1.0 per unit) and Costa Rica ($1.0 per unit) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spark Plug Imports in Mexico
In 2022, imports of sparking plugs into Mexico skyrocketed to 63M units, jumping by 19% against the previous year. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, spark plug imports skyrocketed to $225M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 31%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
Import of Spark Plug in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 64.3 | 49.0 | 66.3 | 85.6 | 10.0% |
United States | 67.4 | 52.4 | 60.2 | 68.5 | 0.5% |
Thailand | 4.8 | 13.6 | 25.1 | 39.9 | 102.6% |
China | 14.6 | 11.2 | 13.9 | 13.4 | -2.8% |
Germany | 6.7 | 7.9 | 8.1 | 6.2 | -2.6% |
South Korea | 2.3 | 1.5 | 3.2 | 3.9 | 19.2% |
Others | 3.6 | 4.6 | 6.5 | 7.5 | 27.7% |
Total | 164 | 140 | 183 | 225 | 11.1% |
Top Suppliers of Spark Plug to Mexico in 2022:
- Japan (24.1M units)
- United States (19.3M units)
- Thailand (11.3M units)
- China (3.8M units)
- Germany (1.8M units)
- South Korea (1.1M units)
Spark Plug Exports in Mexico
In 2022, spark plug exports from Mexico expanded remarkably to 123M units, growing by 6.8% on 2021 figures. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spark plug exports fell to $115M in 2022. The total export value increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. As a result, the exports attained the peak of $115M, leveling off in the following year.
Export of Spark Plug in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 82.6 | 82.3 | 98.2 | 98.9 | 6.2% |
Guatemala | 4.8 | 4.8 | 5.7 | 7.5 | 16.0% |
El Salvador | 2.4 | 1.9 | 3.6 | 2.6 | 2.7% |
Panama | 3.1 | 1.9 | 2.0 | 2.2 | -10.8% |
Costa Rica | 1.4 | 1.3 | 1.9 | 1.9 | 10.7% |
Others | 6.5 | 6.3 | 3.6 | 1.9 | -33.6% |
Total | 101 | 98.5 | 115 | 115 | 4.4% |
Top Export Markets for Spark Plug from Mexico in 2022:
- United States (106.0M units)
- Guatemala (8.1M units)
- El Salvador (2.8M units)
- Panama (2.3M units)
- Costa Rica (2.0M units)
This report provides an in-depth analysis of the spark plug market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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
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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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During the review period, Spark Plug imports peaked at 65M units in 2016 but failed to regain momentum from 2017 to 2023. In terms of value, Spark Plug imports significantly increased to $237M in 2023.
In January 2023, the starter motor price stood at $56.7 per unit (FOB, Mexico), with an increase of 12% against the previous month.
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Explore the top countries by import value for spark plugs in 2023. Learn about the key players and factors driving the global market.
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