Germany: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Germany

The German inflator system airbag market fell modestly to $X in 2022, which is down by -4.4% against the previous year. In general, consumption recorded a pronounced contraction. Inflator system airbag consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Inflator System Airbag Production in Germany

In value terms, inflator system airbag production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 49%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Inflator System Airbag Exports

Exports from Germany

In 2022, shipments abroad of airbags with inflator system and parts thereof decreased by -7.1% to X tons, falling for the fifth consecutive year after two years of growth. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, inflator system airbag exports reduced to $X in 2022. Over the period under review, exports showed a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 9.9% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for inflator system airbag exports from Germany, accounting for a 25% share of total exports. Moreover, inflator system airbag exports to Poland exceeded the volume sent to the second major destination, China (X tons), twofold. Portugal (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.7% per year) and Portugal (-1.1% per year).

In value terms, China ($X), Poland ($X) and the United States ($X) constituted the largest markets for inflator system airbag exported from Germany worldwide, with a combined 40% share of total exports. Portugal, Hungary, France, the UK, Italy, Romania, South Africa, Japan, Mexico and India lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, Hungary, with a CAGR of +20.5%, recorded 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

The average inflator system airbag export price stood at $X per ton in 2022, which is down by -8.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 14%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Romania ($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 the UK (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Inflator System Airbag Imports

Imports into Germany

In 2022, supplies from abroad of airbags with inflator system and parts thereof decreased by -0.4% to X tons, falling for the fifth year in a row after six years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, inflator system airbag imports contracted modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 19%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of inflator system airbag to Germany, accounting for a 39% share of total imports. Moreover, inflator system airbag imports from Poland exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The third position in this ranking was held by Romania (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+62.6% per year) and Romania (-9.3% per year).

In value terms, Poland ($X), Hungary ($X) and Romania ($X) appeared to be the largest inflator system airbag suppliers to Germany, together accounting for 70% of total imports. Mexico, the Czech Republic, China, the United States, Tunisia, Italy, North Macedonia, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 23%.

North Macedonia, with a CAGR of +105.2%, recorded the highest growth rate of 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

In 2022, the average inflator system airbag import price amounted to $X per ton, reducing by -4.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 4.3% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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