Benelux: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Benelux

The Benelux inflator system airbag market dropped slightly to $X in 2022, with a decrease of -3.5% against the previous year. Over the period under review, consumption, however, saw a remarkable increase. 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 Benelux

In value terms, inflator system airbag production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 52%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Inflator System Airbag Exports

Exports in Benelux

In 2022, overseas shipments of airbags with inflator system and parts thereof decreased by -67.8% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 338% against the previous year. 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 notably to $X in 2022. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 450% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium represented the key exporting country with an export of about X tons, which accounted for 75% of total exports. It was distantly followed by the Netherlands (X tons), committing a 25% share of total exports.

Belgium was also the fastest-growing in terms of the airbags with inflator system and parts thereof exports, with a CAGR of +20.0% from 2012 to 2022. At the same time, the Netherlands (+4.6%) displayed positive paces of growth. While the share of Belgium (+35 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-27.6 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest inflator system airbag supplier in Benelux, comprising 77% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to +10.2%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2016 an increase of 26% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.8%).

Inflator System Airbag Imports

Imports in Benelux

In 2022, approx. X tons of airbags with inflator system and parts thereof were imported in Benelux; shrinking by -3.4% compared with the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 62% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, inflator system airbag imports dropped to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 67% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Belgium was the key importer of airbags with inflator system and parts thereof in Benelux, with the volume of imports finishing at X tons, which was near 76% of total imports in 2022. It was distantly followed by the Netherlands (X tons), creating a 23% share of total imports.

Belgium experienced a relatively flat trend pattern with regard to volume of imports of airbags with inflator system and parts thereof. At the same time, the Netherlands (+2.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +2.7% from 2012-2022. While the share of the Netherlands (+4.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-4.6 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported airbags with inflator system and parts thereof in Benelux, comprising 73% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium was relatively modest.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, falling by -11.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 25%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.9%).

Source: IndexBox Platform