CIS: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in CIS

The CIS inflator system airbag market rose significantly to $X in 2022, increasing by 6.2% against the previous year. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Inflator System Airbag Production in CIS

In value terms, inflator system airbag production expanded significantly to $X in 2022 estimated in export price. In general, production saw resilient growth. The growth pace was the most rapid in 2019 when the production volume increased by 44% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports in CIS

Inflator system airbag exports fell remarkably to X tons in 2022, reducing by -33.1% compared with the year before. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2019 when exports increased by 203% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, inflator system airbag exports contracted notably to $X in 2022. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 258% against the previous year. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Belarus (X tons) and Russia (X tons) dominates exports structure, together comprising 96% of total exports. Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of +56.5%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest inflator system airbag supplier in the CIS, comprising 83% of total exports. The second position in the ranking was held by Belarus ($X), with a 9.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +26.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+18.8% per year) and Kazakhstan (+58.3% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2015 an increase of 112%. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Inflator System Airbag Imports

Imports in CIS

In 2022, the amount of airbags with inflator system and parts thereof imported in the CIS contracted to X tons, dropping by -2.2% on the previous year. In general, imports, however, posted a moderate increase. The growth pace was the most rapid in 2019 when imports increased by 81%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, inflator system airbag imports declined to $X in 2022. Over the period under review, imports recorded a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of 82%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) was the main importer of airbags with inflator system and parts thereof, making up 81% of total imports. It was distantly followed by Uzbekistan (X tons), generating a 15% share of total imports. Kazakhstan (X tons) held a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of airbags with inflator system and parts thereof. At the same time, Uzbekistan (+79.0%) and Kazakhstan (+26.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +79.0% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by +15 and +2 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported airbags with inflator system and parts thereof in the CIS, comprising 81% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 17% share of total imports.

In Russia, inflator system airbag imports decreased by an average annual rate of -3.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+81.1% per year) and Kazakhstan (+20.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price showed a pronounced descent. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :