Jordan: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Jordan

The Jordanian inflator system airbag market rose significantly to $X in 2022, surging by 9.7% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. Inflator system airbag consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Inflator System Airbag Production in Jordan

In value terms, inflator system airbag production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 55%. Inflator system airbag production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Inflator System Airbag Exports

Exports from Jordan

In 2022, after two years of growth, there was significant decline in overseas shipments of airbags with inflator system and parts thereof, when their volume decreased by -83.6% to X kg. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 361% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped sharply in the following year.

In value terms, inflator system airbag exports shrank notably to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 393%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Saudi Arabia (X kg) was the main destination for inflator system airbag exports from Jordan, accounting for a 71% share of total exports. Moreover, inflator system airbag exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for airbags with inflator system and parts thereof exports from Jordan, comprising 71% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia was relatively modest.

Export Prices by Country

In 2022, the average inflator system airbag export price amounted to $X per ton, declining by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+14.0%), while the prices for the other major destinations experienced a decline.

Inflator System Airbag Imports

Imports into Jordan

In 2022, inflator system airbag imports into Jordan skyrocketed to X tons, rising by 22% against the previous year's figure. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 879% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, inflator system airbag imports contracted to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of 382% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), South Korea (X tons) and Mexico (X tons) were the main suppliers of inflator system airbag imports to Jordan, together accounting for 62% of total imports. Japan, China and Hungary lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +112.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and Mexico ($X) appeared to be the largest inflator system airbag suppliers to Jordan, together accounting for 60% of total imports. Japan, China and Hungary lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Hungary, with a CAGR of +95.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, reducing by -25% against the previous year. In general, the import price faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 22% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Mexico ($X per ton), while the price for Hungary ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (-7.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform