Croatia: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Croatia

The Croatian inflator system airbag market expanded rapidly to $X in 2022, growing by 5.8% 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). In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.7% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Inflator System Airbag Exports

Exports from Croatia

In 2022, overseas shipments of airbags with inflator system and parts thereof decreased by -26.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 401%. As a result, the exports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, inflator system airbag exports reduced to $X in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 641%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Serbia (X tons) was the main destination for inflator system airbag exports from Croatia, with a 61% share of total exports. Moreover, inflator system airbag exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X kg), threefold. Poland (X kg) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia stood at +47.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+29.9% per year) and Poland (+104.2% per year).

In value terms, Serbia ($X) remains the key foreign market for airbags with inflator system and parts thereof exports from Croatia, comprising 79% of total exports. The second position in the ranking was held by Slovenia ($X), with an 8.3% share of total exports. It was followed by Austria, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Serbia totaled +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+25.5% per year) and Austria (+24.8% per year).

Export Prices by Country

The average inflator system airbag export price stood at $X per ton in 2022, with an increase of 28% against the previous year. Overall, the export price saw a resilient increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 532% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to France ($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 Serbia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Inflator System Airbag Imports

Imports into Croatia

Inflator system airbag imports into Croatia reduced slightly to X tons in 2022, which is down by -2.5% compared with 2021 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +26.8% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 43% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, inflator system airbag imports rose modestly to $X in 2022. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2021 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of inflator system airbag imports to Croatia, together comprising 63% of total imports. Bulgaria, Slovenia, the Netherlands, Austria, Italy and Turkey lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +94.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Croatia, comprising 50% of total imports. The second position in the ranking was taken by Austria ($X), with a 14% share of total imports. It was followed by Slovenia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+47.1% per year) and Slovenia (+35.7% per year).

Import Prices by Country

In 2022, the average inflator system airbag import price amounted to $X per ton, picking up by 6.3% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 63%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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