SADC: Ignition Coil Market 2024

Ignition Coil Market Size in SADC

The SADC ignition coil market contracted significantly to $X in 2022, declining by X% against the previous year. In general, consumption posted a resilient increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ignition Coil Production in SADC

In value terms, ignition coil production rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ignition Coil Exports

Exports in SADC

In 2022, overseas shipments of distributors and ignition coils increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ignition coil exports declined remarkably to $X in 2022. In general, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Zambia (X units), making up a X% share of total exports. Swaziland (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ignition coil exports from South Africa stood at X%. At the same time, Zambia (X%) and Swaziland (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Zambia and Swaziland increased by X and X percentage points, respectively.

In value terms, South Africa ($X) remains the largest ignition coil supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

In South Africa, ignition coil exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Zambia ($X per unit) was amongst the lowest.

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

Ignition Coil Imports

Imports in SADC

After three years of growth, supplies from abroad of distributors and ignition coils decreased by X% to X units in 2022. In general, imports, however, posted prominent growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, ignition coil imports reduced to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

South Africa dominates imports structure, accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Angola (X units), creating a X% share of total imports. The following importers - Tanzania (X units), Botswana (X units) and Zimbabwe (X units) - together made up X% of total imports.

South Africa was also the fastest-growing in terms of the distributors and ignition coils imports, with a CAGR of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Tanzania (X%) and Botswana (X%) displayed positive paces of growth. By contrast, Angola (X%) illustrated a downward trend over the same period. South Africa (X p.p.) significantly strengthened its position in terms of the total imports, while Angola saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported distributors and ignition coils in SADC, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Botswana ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform