Cyprus - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights

Cyprus: Spark Plug Market Overview 2019

Spark Plug Market Size in Cyprus

The revenue of the spark plug market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. In general, spark plug consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, when the market value increased by X% against the previous year. Over the period under review, the spark plug market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Spark Plug Production in Cyprus

In value terms, spark plug production stood at $X in 2018 estimated in export prices. In general, spark plug production continues to indicate a relatively flat trend pattern.

Spark Plug Exports

Exports from Cyprus

In 2018, the amount of sparking plugs exported from Cyprus totaled X units, going up by X% against the previous year. In general, spark plug exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2014, with an increase of X% against the previous year. Over the period under review, spark plug exports reached their peak figure in 2018, and are expected to retain its growth in the near future.

In value terms, spark plug exports totaled $X in 2018. Over the period under review, spark plug exports continue to indicate a skyrocketing growth. The pace of growth appeared the most rapid in 2014, when exports increased by X% year-to-year. Over the period under review, spark plug exports attained their peak figure at $X in 2017, leveling off in the following year.

Exports by Country

In 2018, Japan (X units), distantly followed by Germany (X units), China (X units) and Mexico (X units) represented the key exporters of sparking plugs, together making up X% of total exports. The following exporters - France (X units), the Netherlands (X units), Indonesia (X units), Russia (X units), Belgium (X units) and the UK (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest spark plug markets from Cyprus were Japan ($X), Germany ($X) and Mexico ($X), together accounting for X% of total exports. France, China, the Netherlands, Belgium, the UK, Indonesia, Russia and Cyprus lagged somewhat behind, together comprising a further X the main exporting countries, Cyprus experienced the highest growth rate of exports, over the last eleven year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the spark plug export price in Cyprus amounted to $X per thousand units, reducing by -X% against the previous year. Over the period under review, the spark plug export price, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2013, an increase of X% y-o-y. In that year, the export prices for sparking plugs attained their peak level of $X per thousand units. From 2014 to 2018, the growth in terms of the export prices for sparking plugs remained at a somewhat lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was France ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by China, while the other leaders experienced more modest paces of growth.

Spark Plug Imports

Imports into Cyprus

In 2018, spark plug imports into Cyprus amounted to X units, falling by -X% against the previous year. In general, spark plug imports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. In that year, spark plug imports reached their peak of X units. From 2013 to 2018, the growth of spark plug imports remained at a somewhat lower figure.

In value terms, spark plug imports amounted to $X in 2018. Over the period under review, spark plug imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, when imports increased by X% year-to-year. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units) was the largest importer for sparking plugs, mixing up X% of total imports. Germany (X units) took a X% share (based on tonnes) of total imports, which put it in second place, followed by the United Arab Emirates (X%), China (X%) and Mexico (X%). Russia (X units), India (X units), Australia (X units), Thailand (X units), the UK (X units) and the Netherlands (X units) followed a long way behind the leaders.

The U.S. experienced a relatively flat trend pattern of sparking plugs imports. At the same time, the United Arab Emirates (+X%), India (+X%), China (+X%), Thailand (+X%), Australia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2018. Mexico and Russia experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%) and the UK (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the UK increased by X% percentage points, while the U.S. (-X%), India (-X%), China (-X%) and the United Arab Emirates (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spark plug importing markets into Cyprus were the U.S. ($X), Germany ($X) and China ($X), together comprising X% of total imports. Mexico, the United Arab Emirates, the UK, Russia, the Netherlands, Australia, Thailand, India and Cyprus lagged somewhat behind, together accounting for a further X the main importing countries, the United Arab Emirates recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the spark plug import price in Cyprus amounted to $X per thousand units, surging by X% against the previous year. In general, the spark plug import price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2013, an increase of X% y-o-y. Cyprus import price peaked in 2018, and is likely to continue its growth in the near future.

Import prices varied noticeably by the country of destination; the country with the highest import price was the UK ($X per thousand units), while India ($X per thousand units) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform