Estonia: Spark Plug Market 2020

Spark Plug Market Size in Estonia

The revenue of the spark plug market in Estonia amounted to $X in 2018, therefore, remained relatively stable against the previous year. In general, spark plug consumption, however, continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. In that year, the spark plug market attained its peak level of $X. From 2013 to 2018, the growth of the spark plug market remained at a lower figure.

Spark Plug Production in Estonia

In value terms, spark plug production amounted to $X in 2018 estimated in export prices. Overall, spark plug production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Estonia spark plug production peaked at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Spark Plug Exports

Exports from Estonia

In 2018, the amount of sparking plugs exported from Estonia stood at X units, going up by X% against the previous year. In general, spark plug exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. In that year, spark plug exports attained their peak of X units. From 2010 to 2018, the growth of spark plug exports failed to regain its momentum.

In value terms, spark plug exports totaled $X in 2018. Over the period under review, spark plug exports continue to indicate strong growth. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Estonia exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, Japan (X units), distantly followed by Germany (X units), China (X units) and Mexico (X units) were the largest exporters of sparking plugs, together achieving X% of total exports. France (X units), the Netherlands (X units), Indonesia (X units), Russia (X units), Belgium (X units) and the UK (X units) took a relatively small share 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 Estonia were Japan ($X), Germany ($X) and Mexico ($X), with a combined X% share of total exports. These countries were followed by France, China, the Netherlands, Belgium, the UK, Indonesia, Russia and Estonia, which together accounted for a further X terms of the main exporting countries, Russia recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The spark plug export price in Estonia stood at $X per unit in 2018, surging by X% against the previous year. Over the period under review, the export price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. In that year, the export prices for sparking plugs reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while China ($X per unit) was amongst the lowest.

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

Spark Plug Imports

Imports into Estonia

Spark plug imports into Estonia amounted to X units in 2018, remaining constant against the previous year. Over the period under review, spark plug imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. In that year, spark plug imports reached their peak of X units. From 2017 to 2018, the growth of spark plug imports failed to regain its momentum.

In value terms, spark plug imports totaled $X in 2018. Overall, the total imports indicated a resilient increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, spark plug imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, spark plug imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

The U.S. was the major importing country with an import of around X units, which reached X% of total imports. Germany (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), China (X%) and Mexico (X%). The following importers - Russia (X units), India (X units), Australia (X units), Thailand (X units), the UK (X units) and the Netherlands (X units) - together made up X% of total imports.

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 United Arab Emirates, China, India and the U.S. increased by +X%, +X%, +X% and +X% percentage points, while the UK (-X p.p.) 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 Estonia 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 Estonia lagged somewhat behind, together accounting for a further X United Arab Emirates recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the spark plug import price in Estonia amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the spark plug import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Estonia import price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform