Report Hong Kong SAR, China - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Hong Kong SAR, China - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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Hong Kong SAR, China: Spark Plug Market 2022

Spark Plug Market Size in Hong Kong SAR, China

The Hong Kong spark plug market amounted to $X in 2021, approximately reflecting the previous year. In general, consumption saw a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Spark Plug Production in Hong Kong SAR, China

In value terms, spark plug production dropped to $X in 2021 estimated in export price. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Spark Plug Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of sparking plugs increased by X% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, spark plug exports soared to $X in 2021. Overall, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), the United States (X units) and Singapore (X units) were the main destinations of spark plug exports from Hong Kong SAR, with a combined X% share of total exports. These countries were followed by the UK, Taiwan (Chinese), Malaysia, Honduras, Peru, Russia, Haiti, Japan, Colombia and Ecuador, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for spark plug exported from Hong Kong SAR worldwide, with a combined X% share of total exports. These countries were followed by the UK, the United States, Japan, Malaysia, Russia, Peru, Haiti, Colombia, Honduras and Ecuador, which together accounted for a further X terms of the main countries of destination, Honduras, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spark plug export price stood at $X per unit in 2021, growing by X% against the previous year. In general, the export price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Hong Kong SAR, China

After two years of decline, overseas purchases of sparking plugs increased by X% to X units in 2021. Over the period under review, imports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, spark plug imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest spark plug supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, spark plug imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was occupied by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, the United States ($X) constituted the largest supplier of spark plug to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and China (+X% per year).

Import Prices by Country

The average spark plug import price stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the import price posted a noticeable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for sparking plugs in the world?
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The countries with the highest volumes of in 2021 were China, South Africa and the United States, together accounting for 53% of global consumption. India, Russia, Japan, Indonesia, Mexico, Germany, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 26%.
What are the largest producers of sparking plugs in the world?
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The countries with the highest volumes of in 2021 were China, Japan and the United States, together accounting for 59% of global production. India, Russia, Thailand, Indonesia, Germany, Turkey, Brazil and France lagged somewhat behind, together comprising a further 28%.
What are the leading suppliers of sparking plugs to Hong Kong SAR, China?
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In value terms, the United States constituted the largest supplier of spark plug to Hong Kong SAR, comprising 44% of total imports. The second position in the ranking was occupied by Japan, with a 19% share of total imports. It was followed by China, with a 10% share.
What are the leading importers of sparking plugs from Hong Kong SAR, China?
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In value terms, the largest markets for spark plug exported from Hong Kong SAR were China, Singapore and Taiwan Chinese), together comprising 56% of total exports. These countries were followed by the UK, the United States, Japan, Malaysia, Russia, Peru, Haiti, Colombia, Honduras and Ecuador, which together accounted for a further 29%.
What is the average export price for sparking plugs in Hong Kong SAR, China?
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In 2021, the average spark plug export price amounted to $2.2 per unit, increasing by 18% against the previous year.
What is the average import price for sparking plugs in Hong Kong SAR, China?
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In 2021, the average spark plug import price amounted to $4.2 per unit, with an increase of 36% against the previous year.

This report provides an in-depth analysis of the spark plug market in Hong Kong SAR, China. 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:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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