Finland: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Finland

The Finnish inflator system airbag market shrank to $X in 2022, waning by -6.2% against the previous year. In general, consumption, however, saw a significant expansion. Inflator system airbag consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Inflator System Airbag Production in Finland

In value terms, inflator system airbag production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 121%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports from Finland

In 2022, after four years of decline, there was significant growth in overseas shipments of airbags with inflator system and parts thereof, when their volume increased by 10% to X tons. In general, exports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 529%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, inflator system airbag exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by 854% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Estonia (X tons) and Lithuania (X kg) were the main destinations of inflator system airbag exports from Finland, together comprising 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) remains the key foreign market for airbags with inflator system and parts thereof exports from Finland, comprising 46% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 19% share of total exports. It was followed by Latvia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Estonia stood at +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+38.5% per year) and Latvia (+27.1% per year).

Export Prices by Country

The average inflator system airbag export price stood at $X per ton in 2022, rising by 5% against the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 832% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Poland ($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 Romania (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Inflator System Airbag Imports

Imports into Finland

In 2022, after two years of growth, there was significant decline in purchases abroad of airbags with inflator system and parts thereof, when their volume decreased by -19.6% to X tons. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 403%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, inflator system airbag imports fell dramatically to $X in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2014 when imports increased by 325% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest inflator system airbag supplier to Finland, with a 60% share of total imports. Moreover, inflator system airbag imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Romania (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +124.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+49.1% per year) and Romania (+164.5% per year).

In value terms, Poland ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Finland, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Romania, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled +90.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+30.9% per year) and Romania (+129.1% per year).

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, dropping by -9% against the previous year. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2019 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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