Cote d'Ivoire: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Cote d'Ivoire

In 2022, after two years of decline, there was significant growth in the Cote d'Ivoire's inflator system airbag market, when its value increased by 114% to $X. Overall, consumption recorded slight growth. Inflator system airbag consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Inflator System Airbag Exports

Exports from Cote d'Ivoire

For the fifth consecutive year, Cote d'Ivoire recorded growth in overseas shipments of airbags with inflator system and parts thereof, which increased by 15% to X kg in 2019. Overall, total exports indicated a significant increase from 2015 to 2019: its volume increased at an average annual rate of +21.3% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +116.7% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 44%. The exports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, inflator system airbag exports soared to $X in 2019. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure in 2019 and are expected to retain growth in years to come.

Exports by Country

Japan (X kg), Malaysia (X kg) and Senegal (X kg) were the main destinations of inflator system airbag exports from Cote d'Ivoire, together accounting for 67% of total exports.

From 2015 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Senegal (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inflator system airbag exported from Cote d'Ivoire were Uruguay ($X), Burundi ($X) and Malaysia ($X), with a combined 70% share of total exports. Congo, Japan, Singapore, Senegal, Chad and Mali lagged somewhat behind, together accounting for a further 29%.

In terms of the main countries of destination, Senegal, with a CAGR of +347.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average inflator system airbag export price amounted to $X per ton, rising by 4.3% against the previous year. Overall, the export price, however, saw a slight slump. The pace of growth was the most pronounced in 2017 an increase of 12%. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, 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 Uruguay ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+211.1%), while the prices for the other major destinations experienced more modest paces of growth.

Inflator System Airbag Imports

Imports into Cote d'Ivoire

After two years of decline, supplies from abroad of airbags with inflator system and parts thereof increased by 168% to X tons in 2022. In general, imports posted a slight increase. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, inflator system airbag imports surged to $X in 2022. Over the period under review, imports recorded pronounced growth. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of inflator system airbag to Cote d'Ivoire, with a 56% share of total imports. Moreover, inflator system airbag imports from China exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. The third position in this ranking was taken by Japan (X kg), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.9% per year) and Japan (+24.3% per year).

In value terms, the largest inflator system airbag suppliers to Cote d'Ivoire were China ($X), France ($X) and Japan ($X), together accounting for 50% of total imports. Romania, Poland, South Korea, Morocco, Mauritius and Australia lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Poland, with a CAGR of +41.2%, saw the highest growth rate of 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, waning by -30.7% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by 39%. The import price peaked at $X per ton in 2021, and then contracted dramatically in the following year.

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 Japan ($X per ton), while the price for China ($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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform