As a result, imports reached the peak of $59M. The pace of growth was the most pronounced in March 2022 when imports increased by 48% month-to-month. Overall, imports continue to indicate a relatively flat trend pattern. In value terms, spark plug imports dropped to $46M ( IndexBox estimates) in August 2022. Over the period under review, imports hit record highs at 131M units in April 2022 however, from May 2022 to August 2022, imports remained at a lower figure. The growth pace was the most rapid in February 2022 with an increase of 54% m-o-m. Based on August 2022 figures, imports decreased by -22.4% against April 2022 indices. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In general, total imports indicated a remarkable increase from January 2022 to August 2022: its volume increased at an average monthly rate of +5.4% over the last seven months. In August 2022, approximately 102M units of sparking plugs were imported into the United States with an increase of 38% on the previous month. Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2.1 per unit), while the price for the Czech Republic (less than $0.1 per unit) was amongst the lowest.įrom January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth. ![]() As a result, import price attained the peak level of $0.7 per unit, and then fell significantly in the following month. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 57% month-to-month. ![]() ![]() Over the period under review, the import price continues to indicate a pronounced decrease. In August 2022, the average spark plug price amounted to $0.5 per unit, with a decrease of -32.3% against the previous month.
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