Hong Kong SAR, China: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Hong Kong SAR, China

The Hong Kong inflator system airbag market dropped to $X in 2022, stabilizing at the previous year. Overall, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Inflator System Airbag Production in Hong Kong SAR, China

In value terms, inflator system airbag production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded pronounced growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Inflator System Airbag Exports

Exports from Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in overseas shipments of airbags with inflator system and parts thereof, which decreased by -45.8% to X tons in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by 317% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, inflator system airbag exports reduced remarkably to $X in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 184%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for inflator system airbag exports from Hong Kong SAR, with a 66% share of total exports. Moreover, inflator system airbag exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-12.8% per year) and China (-6.5% per year).

In value terms, Japan ($X) emerged as the key foreign market for airbags with inflator system and parts thereof exports from Hong Kong SAR, comprising 50% of total exports. The second position in the ranking was held by China ($X), with a 24% share of total exports. It was followed by Spain, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value to Japan amounted to -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-1.8% per year) and Spain (0.0% per year).

Export Prices by Country

In 2022, the average inflator system airbag export price amounted to $X per ton, growing by 2.3% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States ($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 China (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Inflator System Airbag Imports

Imports into Hong Kong SAR, China

In 2022, inflator system airbag imports into Hong Kong SAR fell notably to X tons, shrinking by -36.9% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 82% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, inflator system airbag imports contracted sharply to $X in 2022. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 57% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest inflator system airbag supplier to Hong Kong SAR, with a 89% share of total imports. Moreover, inflator system airbag imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.1% per year) and the United States (-16.5% per year).

In value terms, China ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Hong Kong SAR, comprising 71% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.1% per year) and the United States (-18.9% per year).

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, surging by 25% against the previous year. Overall, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 62%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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