Eastern Asia: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Eastern Asia

The East Asian inflator system airbag market reached $X in 2022, stabilizing at the previous year. Overall, consumption recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Inflator System Airbag Production in Eastern Asia

In value terms, inflator system airbag production totaled $X in 2022 estimated in export price. In general, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 41% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports in Eastern Asia

In 2022, overseas shipments of airbags with inflator system and parts thereof increased by 1.4% to X tons, rising for the second year in a row after three years of decline. Total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +13.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 30%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, inflator system airbag exports dropped to $X in 2022. Total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +8.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China was the main exporting country with an export of around X tons, which finished at 60% of total exports. It was distantly followed by Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together generating a 40% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to inflator system airbag exports from China stood at +7.8%. At the same time, Taiwan (Chinese) (+12.6%) and South Korea (+2.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +12.6% from 2012-2022. By contrast, Japan (-1.2%) illustrated a downward trend over the same period. While the share of China (+16 p.p.) and Taiwan (Chinese) (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-3 p.p.) and Japan (-16.5 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest inflator system airbag supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was held by Japan ($X), with a 26% share of total exports. It was followed by South Korea, with a 9.3% share.

In China, inflator system airbag exports expanded at an average annual rate of +4.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-1.2% per year) and South Korea (-2.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, declining by -4.5% against the previous year. Over the period under review, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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 (-0.0%), while the other leaders experienced a decline in the export price figures.

Inflator System Airbag Imports

Imports in Eastern Asia

In 2022, the amount of airbags with inflator system and parts thereof imported in Eastern Asia declined slightly to X tons, reducing by -4.3% against the previous year's figure. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 11%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, inflator system airbag imports contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of airbags with inflator system and parts thereof, namely Japan, China and South Korea, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +5.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined 98% share of total imports.

Among the main importing countries, South Korea, with a CAGR of +3.4%, 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 a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, declining by -2.5% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 an increase of 6.5% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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