Egypt: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Egypt

The Egyptian inflator system airbag market stood at $X in 2022, rising by 5.2% against the previous year. Overall, consumption saw a resilient expansion. Inflator system airbag consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Inflator System Airbag Production in Egypt

In value terms, inflator system airbag production reached $X in 2022 estimated in export price. Overall, production saw buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 56% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports from Egypt

In 2022, after two years of decline, there was significant growth in shipments abroad of airbags with inflator system and parts thereof, when their volume increased by 15% to X kg. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 5,935% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, inflator system airbag exports stood at $X in 2022. Overall, exports posted a perceptible expansion. The pace of growth was the most pronounced in 2013 with an increase of 679%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X kg) was the main destination for inflator system airbag exports from Egypt, accounting for a 55% share of total exports. Moreover, inflator system airbag exports to Kuwait exceeded the volume sent to the second major destination, Sudan (X kg), threefold. The third position in this ranking was taken by Turkey (X kg), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait stood at +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+7.2% per year) and Turkey (0.0% per year).

In value terms, the largest markets for inflator system airbag exported from Egypt were Kuwait ($X), Sudan ($X) and Morocco ($X), together accounting for 97% of total exports.

In terms of the main countries of destination, Kuwait, with a CAGR of +25.2%, 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 2022, the average inflator system airbag export price amounted to $X per ton, declining by -11.6% against the previous year. Overall, the export price showed a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 247% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while the average price for exports to Turkey ($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 Sudan (+3.5%), while the prices for the other major destinations experienced a decline.

Inflator System Airbag Imports

Imports into Egypt

In 2022, the amount of airbags with inflator system and parts thereof imported into Egypt contracted remarkably to X tons, which is down by -50.3% against the previous year. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 215% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, inflator system airbag imports shrank markedly to $X in 2022. Over the period under review, imports recorded a mild decrease. The pace of growth was the most pronounced in 2020 when imports increased by 261% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) were the main suppliers of inflator system airbag imports to Egypt, with a combined 68% share of total imports. Japan, Thailand, Mexico, Taiwan (Chinese), Hungary and South Korea lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +58.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inflator system airbag suppliers to Egypt were Germany ($X), the United States ($X) and China ($X), with a combined 70% share of total imports. Japan, Thailand, Mexico, Taiwan (Chinese), South Korea and Hungary lagged somewhat behind, together comprising a further 28%.

Thailand, with a CAGR of +37.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, rising by 3.4% against the previous year. In general, the import price recorded a strong increase. The growth pace was the most rapid in 2016 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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 South Korea ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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