Eastern Europe: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Eastern Europe

The East European inflator system airbag market declined to $X in 2022, with a decrease of -4% against the previous year. Over the period under review, consumption, however, enjoyed resilient growth. The level of consumption peaked at $X in 2021, and then contracted slightly in the following year.

Inflator System Airbag Production in Eastern Europe

In value terms, inflator system airbag production rose slightly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Inflator System Airbag Exports

Exports in Eastern Europe

In 2022, overseas shipments of airbags with inflator system and parts thereof increased by 3.4% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2013 with an increase of 30%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, inflator system airbag exports contracted to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +2.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) and Poland (X tons) were the largest exporters of airbags with inflator system and parts thereof in 2022, amounting to approx. 37% and 34% of total exports, respectively. Hungary (X tons) ranks next in terms of the total exports with a 21% share, followed by the Czech Republic (7.2%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of +95.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest inflator system airbag supplying countries in Eastern Europe were Poland ($X), Romania ($X) and Hungary ($X), together comprising 93% of total exports.

Hungary, with a CAGR of +83.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, waning by -6.5% against the previous year. Over the period under review, the export price saw a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.4%), while the other leaders experienced a decline in the export price figures.

Inflator System Airbag Imports

Imports in Eastern Europe

In 2022, approx. X tons of airbags with inflator system and parts thereof were imported in Eastern Europe; declining by -1.8% compared with 2021 figures. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 31% against the previous year. The volume of import peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, inflator system airbag imports contracted to $X in 2022. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 31%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Poland represented the main importing country with an import of around X tons, which amounted to 40% of total imports. Hungary (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Romania (14%), the Czech Republic (13%) and Russia (4.7%). Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +42.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inflator system airbag importing markets in Eastern Europe were Poland ($X), Hungary ($X) and the Czech Republic ($X), together comprising 75% of total imports.

Hungary, with a CAGR of +32.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2016 an increase of 5.5% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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