Lithuania: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Lithuania

The Lithuanian inflator system airbag market declined to $X in 2022, which is down by -5.4% against the previous year. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Inflator System Airbag Production in Lithuania

In value terms, inflator system airbag production fell to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 42%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Inflator System Airbag Exports

Exports from Lithuania

In 2022, overseas shipments of airbags with inflator system and parts thereof decreased by -30.3% to X tons, falling for the second consecutive year after five years of growth. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, inflator system airbag exports contracted dramatically to $X in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 73%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus (X tons), Latvia (X tons) and Kazakhstan (X tons) were the main destinations of inflator system airbag exports from Lithuania, with a combined 83% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +40.2%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) remains the key foreign market for airbags with inflator system and parts thereof exports from Lithuania, comprising 71% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 3% share of total exports. It was followed by Kyrgyzstan, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia stood at +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+10.3% per year) and Kyrgyzstan (+27.7% per year).

Export Prices by Country

In 2022, the average inflator system airbag export price amounted to $X per ton, with an increase of 1.8% against the previous year. In general, the export price enjoyed a notable expansion. The growth pace was the most rapid in 2021 an increase of 128% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Latvia ($X per ton), while the average price for exports to Belarus ($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 Kazakhstan (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Inflator System Airbag Imports

Imports into Lithuania

In 2022, approx. X tons of airbags with inflator system and parts thereof were imported into Lithuania; with an increase of 16% compared with the year before. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +38.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 66% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, inflator system airbag imports declined to $X in 2022. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of inflator system airbag to Lithuania, with a 45% share of total imports. Moreover, inflator system airbag imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by China (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+18.6% per year) and China (+1.2% per year).

In value terms, Sweden ($X), Estonia ($X) and Germany ($X) constituted the largest inflator system airbag suppliers to Lithuania, with a combined 61% share of total imports.

Sweden, with a CAGR of +44.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, which is down by -14.6% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inflator system airbag import price decreased by -15.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 48%. As a result, import price attained the peak level of $X per ton. From 2021 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 Sweden ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform