Bolivia: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Bolivia

The Bolivian inflator system airbag market contracted significantly to $X in 2022, which is down by -16.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a tangible expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Inflator System Airbag Exports

Exports from Bolivia

In 2022, overseas shipments of airbags with inflator system and parts thereof decreased by 0% to X kg, falling for the fourth consecutive year after two years of growth. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,217% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, inflator system airbag exports totaled $X in 2022. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 13,620%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X kg) was the main destination for inflator system airbag exports from Bolivia, accounting for a 96% share of total exports. Moreover, inflator system airbag exports to Chile exceeded the volume sent to the second major destination, Peru (X kg), more than tenfold.

From 2015 to 2022, the average annual growth rate of volume to Chile amounted to +75.4%.

From 2015 to 2022, the average annual rate of growth in terms of value to Chile stood at +68.2%.

Export Prices by Country

In 2022, the average inflator system airbag export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price showed a significant curtailment. The pace of growth appeared the most rapid in 2018 an increase of 942% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-4.1%), while the prices for the other major destinations experienced a decline.

Inflator System Airbag Imports

Imports into Bolivia

Inflator system airbag imports into Bolivia dropped markedly to X tons in 2022, shrinking by -18.6% against the previous year's figure. Over the period under review, imports, however, posted a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of 70%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, inflator system airbag imports reduced to $X in 2022. Overall, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 109% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Thailand (X kg) were the main suppliers of inflator system airbag imports to Bolivia, together accounting for 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) were the largest inflator system airbag suppliers to Bolivia, with a combined 55% share of total imports.

India, with a CAGR of +37.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, with an increase of 5.9% against the previous year. In general, the import price posted a tangible increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 48% 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 India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform