Nigeria - Airbags With Inflator System and Parts Thereof - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Inflator System Airbag Market 2025
Inflator System Airbag Market Size in Nigeria
The Nigerien inflator system airbag market was estimated at $X in 2022, surging by 2.5% against the previous year. In general, consumption posted strong growth. Inflator system airbag consumption peaked at $X in 2020; afterwards, it flattened through to 2022.
Inflator System Airbag Production in Nigeria
In value terms, inflator system airbag production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 42% against the previous year. Inflator system airbag production peaked at $X in 2020; afterwards, it flattened through to 2022.
Inflator System Airbag Exports
Exports from Nigeria
In 2022, shipments abroad of airbags with inflator system and parts thereof was finally on the rise to reach X kg after three years of decline. In general, exports posted a mild increase. The pace of growth was the most pronounced in 2016 when exports increased by 427% against the previous year. Over the period under review, the exports hit record highs at X kg in 2018; however, from 2019 to 2022, the exports failed to regain momentum.
In value terms, inflator system airbag exports surged to $X in 2022. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 454% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.
Exports by Country
South Africa (X kg) was the main destination for inflator system airbag exports from Nigeria, with a 65% share of total exports. Moreover, inflator system airbag exports to South Africa exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), threefold. Angola (X kg) ranked third in terms of total exports with a 13% share.
From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+19.6% per year) and Angola (+2.9% per year).
In value terms, South Africa ($X), Cote d'Ivoire ($X) and Angola ($X) were the largest markets for inflator system airbag exported from Nigeria worldwide, together comprising 100% of total exports.
In terms of the main countries of destination, South Africa, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average inflator system airbag export price stood at $X per ton in 2022, shrinking by -13% against the previous year. Overall, the export price, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 242% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Canada ($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 South Africa (+13.4%), while the prices for the other major destinations experienced a decline.
Inflator System Airbag Imports
Imports into Nigeria
In 2022, imports of airbags with inflator system and parts thereof into Nigeria soared to X tons, increasing by 177% on 2021 figures. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 300%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, inflator system airbag imports soared to $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when imports increased by 479% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
Imports by Country
China (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of inflator system airbag imports to Nigeria, with a combined 49% share of total imports. Canada, Belgium, France, Thailand, Japan and the UK lagged somewhat behind, together accounting for a further 39%.
From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +116.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Nigeria, comprising 29% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by Japan, with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+87.7% per year) and Japan (-1.1% per year).
Import Prices by Country
In 2022, the average inflator system airbag import price amounted to $X per ton, growing by 7.2% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 194%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the inflator system airbag market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29322050 - Airbags with inflator system and parts thereof
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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