Global Ignition Magneto Market 2024

Ignition Magneto Market Size

After two years of growth, the global ignition magneto market decreased by X% to $X in 2022. In general, consumption, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Global consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Ignition Magneto Production

In value terms, ignition magneto production reached $X in 2022 estimated in export price. Overall, production saw a noticeable curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, global production growth remained at a lower figure.

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Ignition Magneto Exports

Exports

In 2022, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were exported worldwide; falling by X% against 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, ignition magneto exports shrank to $X in 2022. The total export 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. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

In 2022, China (X units) was the major exporter of ignition magnetos, magneto-dynamos and magnetic flywheels, comprising X% of total exports. India (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%) and the United States (X%). Cambodia (X units), Indonesia (X units) and Croatia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ignition magneto exports from China stood at X%. At the same time, India (X%) and Italy (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%), Indonesia (X%), Croatia (X%) and Cambodia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Cambodia and Italy 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 ($X) remains the largest ignition magneto supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Italy ($X), with a X% share of global exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and India (X% per year).

Export Prices by Country

The average ignition magneto export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ignition magneto export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Croatia ($X per unit), while China ($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 global leaders experienced more modest paces of growth.

Ignition Magneto Imports

Imports

In 2022, supplies from abroad of ignition magnetos, magneto-dynamos and magnetic flywheels increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, ignition magneto imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) represented the largest importer of ignition magnetos, magneto-dynamos and magnetic flywheels, mixing up X% of total imports. Indonesia (X units) held the second position in the ranking, followed by Thailand (X units), Brazil (X units), the Netherlands (X units) and Italy (X units). All these countries together took approx. X% share of total imports. Bangladesh (X units), Germany (X units), Mexico (X units), China (X units) and India (X units) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Thailand (X%), China (X%), the Netherlands (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany and Mexico experienced a relatively flat trend pattern. By contrast, Italy (X%), India (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Thailand (X p.p.), Indonesia (X p.p.), Bangladesh (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of India (X p.p.), Italy (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Thailand ($X) and Mexico ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Indonesia, Germany, Italy, the Netherlands, Brazil, China, Bangladesh and India lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 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 Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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