Asia-Pacific: Ignition Magneto Market 2024

Ignition Magneto Market Size in Asia-Pacific

The Asia-Pacific ignition magneto market totaled $X in 2022, remaining constant against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Ignition Magneto Production in Asia-Pacific

In value terms, ignition magneto production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Ignition Magneto Exports

Exports in Asia-Pacific

In 2022, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were exported in Asia-Pacific; shrinking by X% against 2021 figures. In general, exports, however, saw mild growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, ignition magneto exports dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

China represented the largest exporter of ignition magnetos, magneto-dynamos and magnetic flywheels in Asia-Pacific, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units), achieving a X% share of total exports. The following exporters - Cambodia (X units), Indonesia (X units), Thailand (X units) and Japan (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to ignition magneto exports from China stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Cambodia (X%), Thailand (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), India (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ignition magneto supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

In China, ignition magneto exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Ignition Magneto Imports

Imports in Asia-Pacific

In 2022, imports of ignition magnetos, magneto-dynamos and magnetic flywheels in Asia-Pacific declined to X units, which is down by X% compared with the year before. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ignition magneto imports reached $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units) and Thailand (X units) were the major importers of ignition magnetos, magneto-dynamos and magnetic flywheels in 2022, amounting to approx. X% and X% of total imports, respectively. Bangladesh (X units) held the next position in the ranking, followed by China (X units) and India (X units). All these countries together held approx. X% share of total imports. Vietnam (X units) and Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. China, Bangladesh, India and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :