MENA: Safety Seat Belt Market 2025

Safety Seat Belt Market Size in MENA

In 2022, the MENA's safety seat belt market decreased by -23.5% to $X, falling for the seventh year in a row after four years of growth. In general, consumption, however, enjoyed notable growth. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Safety Seat Belt Production in MENA

In value terms, safety seat belt production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Safety Seat Belt Exports

Exports in MENA

In 2022, exports of safety seat belts in MENA expanded significantly to X units, surging by 10% against 2021. In general, exports continue to indicate a slight expansion. The growth pace was the most rapid in 2017 when exports increased by 20%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, safety seat belt exports expanded modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 9.1%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Turkey (X units) was the main exporter of safety seat belts in MENA, generating 99% of total export.

Turkey was also the fastest-growing in terms of the safety seat belts exports, with a CAGR of +1.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest safety seat belt supplier in MENA.

In Turkey, safety seat belt exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, reducing by -5.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 14%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -0.1% per year.

Safety Seat Belt Imports

Imports in MENA

In 2022, purchases abroad of safety seat belts increased by 2.7% to X units, rising for the second year in a row after three years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 29%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, safety seat belt imports contracted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey dominates imports structure, recording X units, which was approx. 77% of total imports in 2022. Morocco (X units) took the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together took approx. 12% share of total imports. The following importers - Egypt (X units) and Israel (X units) - each finished at a 6% share of total imports.

Imports into Turkey increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Morocco (+10.2%) and Israel (+5.2%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +10.2% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Egypt (-9.2%) illustrated a downward trend over the same period. While the share of Turkey (+17 p.p.) and Morocco (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Egypt (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported safety seat belts in MENA, comprising 79% of total imports. The second position in the ranking was held by Morocco ($X), with a 7.3% share of total imports. It was followed by the United Arab Emirates, with a 4.9% share.

In Turkey, safety seat belt imports increased at an average annual rate of +2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+16.1% per year) and the United Arab Emirates (-0.3% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, shrinking by -4.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 13%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform