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Puerto Rico - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Spark Plug Market 2024
Spark Plug Market Size in Puerto Rico
After six years of growth, the Puerto Rican spark plug market decreased by -10.2% to $X in 2021. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.
Spark Plug Production in Puerto Rico
In value terms, spark plug production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 45% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.
Spark Plug Exports
Exports by Country
Japan was the major exporter of sparking plugs in the world, with the volume of exports amounting to X units, which was near 37% of total exports in 2021. The United States (X units) ranks second in terms of the total exports with a 17% share, followed by China (15%), Thailand (5.5%) and Germany (5.5%). Mexico (X units), Russia (X units), France (X units) and the UK (X units) held a relatively small share of total exports.
From 2012 to 2021, average annual rates of growth with regard to spark plug exports from Japan stood at +1.2%. At the same time, Thailand (+36.1%), Russia (+29.5%), China (+5.7%) and the UK (+5.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.1% from 2012-2021. By contrast, the United States (-2.0%), Mexico (-3.9%), France (-9.0%) and Germany (-12.5%) illustrated a downward trend over the same period. China (+6.4 p.p.), Japan (+6.3 p.p.), Thailand (+5.2 p.p.) and Russia (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while the United States, France and Germany saw its share reduced by -1.8%, -2.8% and -11.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest spark plug supplying countries from Puerto Rico were Japan ($X), Germany ($X) and the United States ($X), with a combined 61% share of total exports. Thailand, China, France, Mexico, Russia and the UK lagged somewhat behind, together comprising a further 23%.
Among the main exporting countries, Thailand, with a CAGR of +39.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Spark Plug Imports
Imports by Country
In 2021, the United States (X units) was the largest importer of sparking plugs, generating 42% of total imports. Germany (X units) took the second position in the ranking, followed by the United Arab Emirates (X units) and China (X units). All these countries together held near 18% share of total imports. Mexico (X units), Russia (X units), India (X units), the Netherlands (X units), Singapore (X units) and the UK (X units) followed a long way behind the leaders.
From 2012 to 2021, average annual rates of growth with regard to spark plug imports into the United States stood at +1.2%. At the same time, India (+25.1%), the Netherlands (+8.7%), China (+7.5%), Mexico (+5.6%) and Germany (+2.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +25.1% from 2012-2021. The United Arab Emirates and Russia experienced a relatively flat trend pattern. By contrast, Singapore (-5.7%) and the UK (-6.3%) illustrated a downward trend over the same period. While the share of India (+2.3 p.p.) and China (+2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Singapore (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest spark plug importing markets into Puerto Rico were the United States ($X), Germany ($X) and China ($X), with a combined 40% share of total imports. These countries were followed by Mexico, the Netherlands, Russia, the United Arab Emirates, the UK, Singapore and India, which together accounted for a further 21%.
India, with a CAGR of +13.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the spark plug market in Puerto Rico. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Puerto Rico
- 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
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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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