GCC: Safety Seat Belt Market 2025

Safety Seat Belt Market Size in GCC

The GCC safety seat belt market shrank remarkably to $X in 2022, falling by -22.6% against the previous year. Over the period under review, consumption, however, enjoyed a mild increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Safety Seat Belt Production in GCC

In value terms, safety seat belt production reached $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 754%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Safety Seat Belt Exports

Exports in GCC

In 2022, exports of safety seat belts in GCC skyrocketed to X units, with an increase of 19% compared with the previous year's figure. Overall, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, safety seat belt exports declined to $X in 2022. Over the period under review, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 122%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X units, which was near 90% of total exports in 2022. It was distantly followed by Oman (X units), mixing up a 9.2% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -5.6% from 2012 to 2022. At the same time, Oman (+53.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +53.5% from 2012-2022. Oman (+9.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest safety seat belt supplier in GCC, comprising 93% of total exports. The second position in the ranking was taken by Oman ($X), with a 6.4% share of total exports.

In the United Arab Emirates, safety seat belt exports decreased by an average annual rate of -1.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, reducing by -15.9% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safety seat belt export price increased by +7.3% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 102% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.5%).

Safety Seat Belt Imports

Imports in GCC

Safety seat belt imports reduced to X units in 2022, which is down by -13.5% against 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 169% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, safety seat belt imports dropped notably to $X in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X units, which recorded 77% of total imports. Bahrain (X units) ranks second in terms of the total imports with a 12% share, followed by Oman (6.8%). Kuwait (X units) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of safety seat belts. At the same time, Bahrain (+23.2%) and Kuwait (+7.6%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +23.2% from 2012-2022. By contrast, Oman (-4.4%) illustrated a downward trend over the same period. Bahrain (+11 p.p.) and Kuwait (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Oman and the United Arab Emirates saw its share reduced by -4.6% and -7.7% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported safety seat belts in GCC, comprising 67% of total imports. The second position in the ranking was held by Kuwait ($X), with an 11% share of total imports. It was followed by Oman, with a 10% share.

In the United Arab Emirates, safety seat belt imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+11.4% per year) and Oman (-5.3% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, which is down by -5.2% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by 98%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform