MENA: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in MENA

The MENA's inflator system airbag market amounted to $X in 2022, surging by 3.9% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Inflator System Airbag Production in MENA

In value terms, inflator system airbag production totaled $X in 2022 estimated in export price. In general, production recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 33% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Inflator System Airbag Exports

Exports in MENA

Inflator system airbag exports rose markedly to X tons in 2022, with an increase of 14% against the previous year. Overall, exports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, inflator system airbag exports rose significantly to $X in 2022. In general, exports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2020 when exports increased by 49%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tunisia (X tons) and Turkey (X tons) prevails in exports structure, together committing 97% of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of +17.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Tunisia ($X) remains the largest inflator system airbag supplier in MENA, comprising 68% of total exports. The second position in the ranking was held by Turkey ($X), with a 29% share of total exports.

In Tunisia, inflator system airbag exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (-8.5% per year) and the United Arab Emirates (+9.3% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 8.9%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (-0.3%), while the other leaders experienced a decline in the export price figures.

Inflator System Airbag Imports

Imports in MENA

In 2022, overseas purchases of airbags with inflator system and parts thereof increased by 20% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +26.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, inflator system airbag imports totaled $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value 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 +15.0% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the main importing country with an import of about X tons, which resulted at 52% of total imports. Morocco (X tons) ranks second in terms of the total imports with a 26% share, followed by Saudi Arabia (8.5%) and Iran (5.2%). The following importers - Israel (X tons) and the United Arab Emirates (X tons) - each recorded a 6.3% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to inflator system airbag imports into Turkey stood at +2.6%. At the same time, Saudi Arabia (+105.0%), Morocco (+75.8%), the United Arab Emirates (+30.3%) and Israel (+23.0%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in MENA, with a CAGR of +105.0% from 2012-2022. By contrast, Iran (-3.6%) illustrated a downward trend over the same period. While the share of Morocco (+26 p.p.), Saudi Arabia (+8.5 p.p.), the United Arab Emirates (+2.7 p.p.) and Israel (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-9.9 p.p.) and Turkey (-28.6 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported airbags with inflator system and parts thereof in MENA, comprising 59% of total imports. The second position in the ranking was taken by Morocco ($X), with a 17% share of total imports. It was followed by Iran, with an 8% share.

In Turkey, inflator system airbag imports increased at an average annual rate of +1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+49.8% per year) and Iran (-4.0% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, which is down by -10.3% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The growth pace was the most rapid in 2018 when the import price increased by 6.4% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform