Global Ignition Coil Market 2024

Ignition Coil Market Size

The global ignition coil market dropped to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2021, and then reduced in the following year.

Ignition Coil Production

In value terms, ignition coil production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, global production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Ignition Coil Exports

Exports

Global ignition coil exports contracted slightly to X units in 2022, remaining relatively unchanged against 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the global exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ignition coil exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

China was the largest exporting country with an export of about X units, which resulted at X% of total exports. Japan (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%), the United States (X%), Mexico (X%) and Thailand (X%). Germany (X units), Brazil (X units), Italy (X units), Poland (X units) and India (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ignition coil exports from China stood at X%. At the same time, Turkey (X%), Thailand (X%), Poland (X%), India (X%), Italy (X%), Brazil (X%) and Japan (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Mexico (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, China, Thailand and Poland increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ignition coil supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Japan ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

In China, ignition coil exports expanded 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: Japan (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average ignition coil export price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 Germany ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Ignition Coil Imports

Imports

In 2022, purchases abroad of distributors and ignition coils increased by X% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, global imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ignition coil imports contracted to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) represented the key importer of distributors and ignition coils, comprising X% of total imports. Mexico (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Germany (X%). The following importers - Thailand (X units), China (X units), Brazil (X units), Singapore (X units), Canada (X units), Italy (X units), Russia (X units), the UK (X units), India (X units) and Malaysia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ignition coil imports into the United States stood at X%. At the same time, Italy (X%), India (X%), Russia (X%), Thailand (X%), Singapore (X%) and Germany (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. By contrast, the UK (X%), Canada (X%), Malaysia (X%), Mexico (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and Italy increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported distributors and ignition coils worldwide, comprising X% of global imports. The second position in the ranking was held by Mexico ($X), with an X% share of global imports. It was followed by Germany, with an X% share.

In the United States, ignition coil imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Germany (X% per year).

Import Prices by Country

The average ignition coil import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price saw a slight descent. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 Germany ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform