Norway: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Norway

The Norwegian inflator system airbag market reduced modestly to $X in 2022, with a decrease of -2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a temperate increase. Over the period under review, the market attained the maximum level at $X in 2021, and then fell modestly in the following year.

Inflator System Airbag Exports

Exports from Norway

In 2022, overseas shipments of airbags with inflator system and parts thereof decreased by -21.3% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 350%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, inflator system airbag exports contracted remarkably to $X in 2022. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 199% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Sweden (X tons) and Germany (X kg) were the main destinations of inflator system airbag exports from Norway, with a combined 84% share of total exports. Belgium, Switzerland, Denmark and the Netherlands lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +97.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inflator system airbag exported from Norway were Mexico ($X), Sweden ($X) and Switzerland ($X), with a combined 72% share of total exports.

Switzerland, with a CAGR of +68.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, falling by -2.4% 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 2018 when the average export price increased by 107%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Germany ($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 Denmark (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Inflator System Airbag Imports

Imports into Norway

In 2022, the amount of airbags with inflator system and parts thereof imported into Norway shrank to X tons, falling by -12.7% against the year before. Overall, imports, however, saw a tangible expansion. The pace of growth was the most pronounced in 2017 with an increase of 119% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, inflator system airbag imports declined to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 93% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Poland (X tons) were the main suppliers of inflator system airbag imports to Norway, together comprising 56% of total imports. Japan, Belgium, Hungary, Thailand, the United States, Portugal, Mexico, the Czech Republic, Sweden and France lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +57.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Norway, comprising 53% of total imports. The second position in the ranking was taken by Poland ($X), with a 12% share of total imports. It was followed by Japan, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+22.0% per year) and Japan (+10.2% per year).

Import Prices by Country

In 2022, the average inflator system airbag import price amounted to $X per ton, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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