Israel: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Israel

The Israeli safety seat belt market surged to $X in 2022, jumping by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +55.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Safety Seat Belt Exports

Exports from Israel

For the fourth year in a row, Israel recorded decline in overseas shipments of safety seat belts, which decreased by -80.7% to X units in 2022. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 215% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, safety seat belt exports contracted dramatically to $X in 2022. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 186%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for safety seat belt exports from Israel, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -18.6%.

In value terms, Germany ($X) emerged as the key foreign market for safety seat belts exports from Israel.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +84.7%.

Export Prices by Country

The average safety seat belt export price stood at $X per unit in 2022, falling by -25.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 76%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +3.9% per year.

Safety Seat Belt Imports

Imports into Israel

In 2022, the amount of safety seat belts imported into Israel soared to X units, jumping by 31% on the previous year. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.6% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 35% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, safety seat belt imports reached $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Japan (X units) and the United States (X units) were the main suppliers of safety seat belt imports to Israel, together accounting for 35% of total imports. China, Romania, the Czech Republic, South Korea, Poland, Mexico, Thailand, the UK, France and Italy lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +96.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest safety seat belt suppliers to Israel were Germany ($X), Japan ($X) and the United States ($X), with a combined 35% share of total imports. China, Romania, the Czech Republic, South Korea, Poland, Mexico, Thailand, the UK, France and Italy lagged somewhat behind, together comprising a further 53%.

Poland, with a CAGR of +97.0%, saw 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 safety seat belt import price amounted to $X per unit, shrinking by -13.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 14% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per unit) and Mexico ($X per unit), while the price for the UK ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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