Portugal - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpark Plug Price in Portugal - 2023
Contents:
- Spark Plug Price in Portugal (CIF) - 2023
- Spark Plug Price in Portugal (FOB) - 2022
- Spark Plug Imports in Portugal
- Spark Plug Exports in Portugal
Spark Plug Price in Portugal (CIF) - 2023
In August 2023, the average spark plug import price amounted to $15.7 per unit, rising by 107% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $23.3 per unit in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($47.6 per unit), while the price for France ($4.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Poland (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spark Plug Price in Portugal (FOB) - 2022
In 2022, the average spark plug export price amounted to $0.9 per unit, waning by -26.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $1.5 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cabo Verde ($0.9 per unit) and Spain ($0.9 per unit), while the average price for exports to Mexico ($0.9 per unit) and Costa Rica ($0.9 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+6.3%), while the prices for the other major destinations experienced a decline.
Spark Plug Imports in Portugal
In 2022, approx. 2M units of sparking plugs were imported into Portugal; waning by -13.5% against the year before. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 2.4M units, and then dropped in the following year.
In value terms, spark plug imports contracted slightly to $7.2M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $7.3M, and then reduced in the following year.
Import of Spark Plug in Portugal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 3,632 | 2,867 | 3,462 | 3,118 | -5.0% |
Germany | 1,716 | 2,040 | 2,752 | 2,784 | 17.5% |
Belgium | 182 | 202 | 250 | 332 | 22.2% |
United States | 176 | 73.9 | 46.1 | 246 | 11.8% |
Poland | 87.7 | 207 | 237 | 181 | 27.3% |
Austria | 0.5 | 67.7 | 74.2 | 141 | 555.8% |
United Kingdom | 243 | 257 | 102 | 28.7 | -50.9% |
Others | 480 | 569 | 410 | 397 | -6.1% |
Total | 6,518 | 6,285 | 7,334 | 7,227 | 3.5% |
Top Suppliers of Spark Plug to Portugal in 2022:
- Spain (878.7K units)
- Germany (784.7K units)
- Belgium (93.5K units)
- United States (69.3K units)
- Poland (51.0K units)
- Austria (39.6K units)
- United Kingdom (8.1K units)
Spark Plug Exports in Portugal
In 2022, spark plug exports from Portugal surged to 734K units, with an increase of 35% on the previous year's figure. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spark plug exports contracted to $685K in 2022. Over the period under review, exports, however, recorded a abrupt downturn. Over the period under review, the exports reached the peak figure at $844K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Spark Plug in Portugal (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 102 | 127 | 170 | 256 | 35.9% |
Angola | 359 | 234 | 215 | 179 | -20.7% |
France | 45.5 | 45.0 | 62.5 | 62.6 | 11.2% |
Honduras | N/A | N/A | N/A | 50.3 | 0% |
Cabo Verde | 27.9 | 28.0 | 41.3 | 31.7 | 4.3% |
Costa Rica | N/A | N/A | N/A | 16.4 | 0% |
Mexico | N/A | N/A | 10.1 | 12.7 | 25.7% |
Brazil | 42.6 | 170 | 96.8 | 7.0 | -45.2% |
Algeria | 186 | 146 | N/A | 0.1 | -91.9% |
Others | 80.8 | 74.5 | 93.5 | 68.3 | -5.4% |
Total | 844 | 825 | 688 | 685 | -6.7% |
Top Export Markets for Spark Plug from Portugal in 2022:
- Spain (274.7K units)
- Angola (192.4K units)
- France (67.1K units)
- Honduras (53.9K units)
- Cabo Verde (34.0K units)
- Costa Rica (17.6K units)
- Mexico (13.6K units)
- Brazil (7.5K units)
- Algeria (0.1K units)
This report provides an in-depth analysis of the spark plug market in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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