Brazil: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Brazil

The Brazilian inflator system airbag market reduced dramatically to $X in 2022, falling by -28.2% against the previous year. Over the period under review, consumption, however, saw noticeable growth. Inflator system airbag consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Inflator System Airbag Production in Brazil

In value terms, inflator system airbag production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 52% against the previous year. Inflator system airbag production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Inflator System Airbag Exports

Exports from Brazil

In 2022, shipments abroad of airbags with inflator system and parts thereof increased by 99% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, inflator system airbag exports surged to $X in 2022. Over the period under review, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for inflator system airbag exports from Brazil, accounting for a 83% share of total exports. Moreover, inflator system airbag exports to Argentina exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. Colombia (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+28.1% per year) and Colombia (-3.6% per year).

In value terms, Argentina ($X) remains the key foreign market for airbags with inflator system and parts thereof exports from Brazil, comprising 77% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 8.5% share of total exports. It was followed by China, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Argentina amounted to +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+32.2% per year) and China (+100.6% per year).

Export Prices by Country

The average inflator system airbag export price stood at $X per ton in 2022, falling by -27.6% against the previous year. In general, the export price saw a perceptible slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Argentina ($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 China (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Inflator System Airbag Imports

Imports into Brazil

In 2022, approx. X tons of airbags with inflator system and parts thereof were imported into Brazil; surging by 8.7% compared with 2021 figures. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 56%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, inflator system airbag imports amounted to $X in 2022. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 51%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of inflator system airbag imports to Brazil, with a combined 54% share of total imports. China, Uruguay, Germany, North Macedonia, Spain, Japan, Vietnam, France, Romania and Italy lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +66.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Thailand ($X) and the United States ($X) constituted the largest inflator system airbag suppliers to Brazil, with a combined 56% share of total imports. Uruguay, China, Germany, Japan, Romania, North Macedonia, Vietnam, France, Italy and Spain lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, Vietnam, with a CAGR of +62.4%, recorded the highest rates of growth with regard to 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

In 2022, the average inflator system airbag import price amounted to $X per ton, with a decrease of -7.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 7.7% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :