Turkey Sees New Peak in Spark Plug Imports, Reaching $71 Million in 2024 - News and Statistics - IndexBox

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In 2024, spark plug imports into Turkey stood at 19M units, increasing by 8.2% against 2023 figures. Over the period under review, total imports indicated notable growth from 2014 to 2024: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +93.6% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports attained the peak figure in 2024 and are likely to see gradual growth in years to come.

In value terms, spark plug imports rose sharply to $77M (IndexBox estimates) in 2024. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2023 when imports increased by 48% against the previous year. Imports peaked in 2024 and are likely to continue growth in the near future.

In 2023, Japan (6.1M units) constituted the largest supplier of spark plug to Turkey, with a 35% share of total imports. Moreover, spark plug imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (2.6M units), twofold. China (2.3M units) ranked third in terms of total imports with a 13% share.

From 2014 to 2023, the average annual growth rate of volume from Japan stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.3% per year) and China (+15.2% per year).

In value terms, Japan ($25M) constituted the largest supplier of sparking plugs to Turkey, comprising 35% of total imports. The second position in the ranking was taken by Germany ($11M), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2014 to 2023, the average annual rate of growth in terms of value from Japan totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and China (+21.5% per year).

In 2023, the spark plug price amounted to $4.1 per unit (CIF, Turkey), surging by 18% against the previous year. In general, import price indicated prominent growth from 2014 to 2023: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, spark plug import price increased by +43.0% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of 22%. The import price peaked in 2023 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Russia ($4.1 per unit) and Japan ($4.1 per unit), while the price for Thailand ($4.1 per unit) and France ($4.1 per unit) were amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was attained by Russia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spark plug market in Turkey. 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.

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:

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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