Pakistan - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Pakistan - 2023
Contents:
- Spark Plug Price in Pakistan (CIF) - 2023
- Spark Plug Price in Pakistan (FOB) - 2023
- Spark Plug Imports in Pakistan
- Spark Plug Exports in Pakistan
Spark Plug Price in Pakistan (CIF) - 2023
The average spark plug import price stood at $3.4 per unit in April 2023, waning by -27.5% against the previous month. Overall, the import price saw a perceptible slump. The growth pace was the most rapid in October 2022 an increase of 29% against the previous month. The import price peaked at $6.7 per unit in December 2022; however, from January 2023 to April 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Austria ($4.6 per unit), while the price for China ($2.8 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Austria (-0.6%), while the prices for the other major suppliers experienced a decline.
Spark Plug Price in Pakistan (FOB) - 2023
In April 2023, the average spark plug export price amounted to $968 per thousand units, dropping by -19.8% against the previous month. Overall, the export price showed a significant decline. As a result, the export price attained the peak level of $40.4 per unit. From May 2022 to April 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From April 2022 to April 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to -10.0% per month.
Spark Plug Imports in Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of sparking plugs, when their volume decreased by -49.2% to 2.2M units. Over the period under review, imports saw a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. As a result, imports attained the peak of 4.3M units, and then declined sharply in the following year.
In value terms, spark plug imports dropped remarkably to $10M in 2022. In general, imports showed a mild setback. The pace of growth was the most pronounced in 2020 when imports increased by 16%. Imports peaked at $14M in 2021, and then fell markedly in the following year.
| Import of Spark Plug in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,140 | 2,529 | 4,464 | 4,834 | 31.2% |
| Germany | 986 | 934 | 1,140 | 1,014 | 0.9% |
| Japan | 4,577 | 4,247 | 3,265 | 970 | -40.4% |
| Indonesia | 501 | 598 | 483 | 627 | 7.8% |
| United States | 351 | 811 | 278 | 430 | 7.0% |
| Mexico | 55.4 | 160 | 233 | 280 | 71.6% |
| Australia | 61.9 | 71.8 | 196 | 236 | 56.2% |
| Netherlands | 1.5 | 145 | 200 | 231 | 436.0% |
| United Arab Emirates | 67.0 | 51.6 | 183 | 220 | 48.6% |
| Denmark | 62.9 | 87.1 | 167 | 201 | 47.3% |
| Austria | 1,139 | 1,900 | 2,337 | 192 | -44.8% |
| Others | 823 | 993 | 1,032 | 1,176 | 12.6% |
| Total | 10,765 | 12,527 | 13,980 | 10,412 | -1.1% |
Top Suppliers of Spark Plug to Pakistan in 2022:
- China (1171.9K units)
- Germany (160.2K units)
- Japan (149.0K units)
- Indonesia (127.4K units)
- United States (71.3K units)
- Netherlands (65.8K units)
- United Arab Emirates (52.1K units)
- Mexico (43.4K units)
- Australia (41.1K units)
- Denmark (40.7K units)
- Austria (32.5K units)
Spark Plug Exports in Pakistan
In 2022, after three years of growth, there was decline in overseas shipments of sparking plugs, when their volume decreased by -2.7% to 2.1K units. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 103%. The exports peaked at 2.1K units in 2021, and then reduced modestly in the following year.
In value terms, spark plug exports contracted notably to $4.7K in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 76%. As a result, the exports reached the peak of $6K, and then fell dramatically in the following year.
| Export of Spark Plug in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.5 | 1.8 | 4.3 | 4.1 | 101.7% |
| Australia | 0.9 | 1.1 | 1.3 | 0.4 | -23.7% |
| Mozambique | N/A | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.6 | 0.4 | 0.2 | -26.3% |
| Total | 2.0 | 3.4 | 6.0 | 4.7 | 33.0% |
Top Export Markets for Spark Plug from Pakistan in 2022:
- United Arab Emirates (1899.0 units)
- Australia (72.0 units)
- Mozambique (33.0 units)
This report provides an in-depth analysis of the spark plug market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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
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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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