Belgium: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Belgium

The Belgian inflator system airbag market contracted modestly to $X in 2022, with a decrease of -4% against the previous year. Over the period under review, consumption, however, showed prominent growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Inflator System Airbag Production in Belgium

In value terms, inflator system airbag production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 53%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Inflator System Airbag Exports

Exports from Belgium

In 2022, the amount of airbags with inflator system and parts thereof exported from Belgium declined markedly to X tons, which is down by -70.1% against 2021. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 398%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, inflator system airbag exports dropped remarkably to $X in 2022. Overall, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by 402% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), the UK (X tons) and Poland (X tons) were the main destinations of inflator system airbag exports from Belgium, together comprising 46% of total exports. The United States, China, Spain, France, Austria, Luxembourg, Germany, Italy, Finland and Turkey lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +80.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inflator system airbag exported from Belgium were Malaysia ($X), Poland ($X) and the UK ($X), with a combined 31% share of total exports. Spain, France, Austria, the United States, Luxembourg, Germany, China, Italy, Turkey and Finland lagged somewhat behind, together accounting for a further 54%.

China, with a CAGR of +71.8%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average inflator system airbag export price amounted to $X per ton, picking up by 17% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+1.6%), while the prices for the other major destinations experienced a decline.

Inflator System Airbag Imports

Imports into Belgium

Inflator system airbag imports into Belgium dropped to X tons in 2022, with a decrease of -4.4% on 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 76%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, inflator system airbag imports fell remarkably to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 74%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of inflator system airbag to Belgium, with a 52% share of total imports. Moreover, inflator system airbag imports from Poland exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was taken by Portugal (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+245.3% per year) and Portugal (+4.2% per year).

In value terms, Poland ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Belgium, comprising 53% of total imports. The second position in the ranking was taken by Hungary ($X), with an 11% share of total imports. It was followed by Portugal, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+306.3% per year) and Portugal (+3.3% per year).

Import Prices by Country

In 2022, the average inflator system airbag import price amounted to $X per ton, waning by -19.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 35% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :