Australia and Oceania: Ignition Coil Market 2024

Ignition Coil Market Size in Australia and Oceania

In 2022, the ignition coil market in Australia and Oceania increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Ignition Coil Production in Australia and Oceania

In value terms, ignition coil production shrank to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Ignition Coil Exports

Exports in Australia and Oceania

After four years of growth, shipments abroad of distributors and ignition coils decreased by X% to X units in 2022. In general, exports, however, saw buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped in the following year.

In value terms, ignition coil exports surged to $X in 2022. Overall, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Australia prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. New Zealand (X units) held a minor share of total exports.

Australia was also the fastest-growing in terms of the distributors and ignition coils exports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest ignition coil supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, jumping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Ignition Coil Imports

Imports in Australia and Oceania

In 2022, approx. X units of distributors and ignition coils were imported in Australia and Oceania; approximately reflecting the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ignition coil imports rose markedly to $X in 2022. The total import 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 appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Australia (X units) was the largest importer of distributors and ignition coils, comprising X% of total imports. It was distantly followed by New Zealand (X units), generating a X% share of total imports. Papua New Guinea (X units) took a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of distributors and ignition coils. At the same time, Papua New Guinea (X%) and New Zealand (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) and Papua New Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported distributors and ignition coils in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, ignition coil imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform