Denmark: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Denmark

The Danish inflator system airbag market dropped modestly to $X in 2022, approximately reflecting the previous year. In general, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Inflator System Airbag Production in Denmark

In value terms, inflator system airbag production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. Inflator system airbag production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Inflator System Airbag Exports

Exports from Denmark

In 2022, shipments abroad of airbags with inflator system and parts thereof decreased by -59% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 757% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, inflator system airbag exports contracted notably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 573% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Belgium (X tons) and Norway (X kg) were the main destinations of inflator system airbag exports from Denmark, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +58.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for airbags with inflator system and parts thereof exports from Denmark, comprising 56% of total exports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total exports. It was followed by Greenland, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+42.3% per year) and Greenland (+12.2% per year).

Export Prices by Country

The average inflator system airbag export price stood at $X per ton in 2022, which is down by -14.7% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 an increase of 1,287% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Greenland ($X per ton) and Sweden ($X per ton), while the average price for exports to Norway ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greenland (-7.3%), while the prices for the other major destinations experienced a decline.

Inflator System Airbag Imports

Imports into Denmark

Inflator system airbag imports into Denmark reduced rapidly to X tons in 2022, declining by -46.4% on the previous year's figure. Over the period under review, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 113% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, inflator system airbag imports fell to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 80%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of inflator system airbag to Denmark, with a 67% share of total imports. Moreover, inflator system airbag imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.0% per year) and the Netherlands (-3.3% per year).

In value terms, Germany ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Denmark, comprising 78% of total imports. The second position in the ranking was held by Belgium ($X), with a 5% share of total imports. It was followed by Sweden, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.8% per year) and Sweden (-7.1% per year).

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, rising by 68% against the previous year. Overall, the import price, however, saw a perceptible descent. Over the period under review, average import prices reached the peak figure 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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