South-Eastern Asia: Ignition Magneto Market 2024

Ignition Magneto Market Size in South-Eastern Asia

The Southeast Asian ignition magneto market dropped to $X in 2022, shrinking by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Ignition Magneto Production in South-Eastern Asia

In value terms, ignition magneto production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Ignition Magneto Exports

Exports in South-Eastern Asia

In 2022, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were exported in South-Eastern Asia; flattening at 2021. Overall, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ignition magneto exports rose rapidly to $X in 2022. In general, exports recorded a temperate increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia was the largest exporter of ignition magnetos, magneto-dynamos and magnetic flywheels in South-Eastern Asia, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Indonesia (X units) held the second position in the ranking, distantly followed by Thailand (X units) and the Philippines (X units). All these countries together held approx. X% share of total exports. The following exporters - Malaysia (X units) and Vietnam (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Cambodia ($X) remains the largest ignition magneto supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Cambodia, ignition magneto exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Ignition Magneto Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, ignition magneto imports stood at $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Indonesia (X units) and Thailand (X units) dominates imports structure, together making up X% of total imports. It was distantly followed by Vietnam (X units), comprising a X% share of total imports. Malaysia (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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