Australia: Safety Seat Belt Market 2025

Safety Seat Belt Market Size in Australia

In 2022, after three years of growth, there was significant decline in the Australian safety seat belt market, when its value decreased by -22.3% to $X. Over the period under review, consumption showed a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Safety Seat Belt Exports

Exports from Australia

In 2022, overseas shipments of safety seat belts increased by 104% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, safety seat belt exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), Sweden (X units) and the United States (X units) were the main destinations of safety seat belt exports from Australia, together accounting for 73% of total exports. Vietnam, Belgium, Germany and Thailand lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +382.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety seat belt exported from Australia were New Zealand ($X), Sweden ($X) and the United States ($X), with a combined 73% share of total exports. Vietnam, Belgium, Germany and Thailand lagged somewhat behind, together accounting for a further 21%.

Vietnam, with a CAGR of +393.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average safety seat belt export price stood at $X per unit in 2022, rising by 5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 36%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the 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 Vietnam ($X per unit) and the United States ($X per unit), while the average price for exports to Thailand ($X per unit) and Belgium ($X 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 Vietnam (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Seat Belt Imports

Imports into Australia

In 2022, overseas purchases of safety seat belts increased by 28% to X units, rising for the second consecutive year after four years of decline. In general, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, safety seat belt imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Mexico (X units) were the main suppliers of safety seat belt imports to Australia, with a combined 48% share of total imports. Japan, Thailand, China, Taiwan (Chinese), the UK, Poland, Belgium, Romania, New Zealand and South Korea lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +53.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safety seat belt suppliers to Australia were the United States ($X), Germany ($X) and Mexico ($X), with a combined 48% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +51.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety seat belt import price stood at $X per unit in 2022, shrinking by -8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 8.2% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per unit) and Mexico ($X per unit), while the price for South Korea ($X per unit) and New Zealand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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