Report Update Jan 1, 2025

Philippines - Safety Seat Belts - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Safety Seat Belt Market 2025

Safety Seat Belt Market Size in the Philippines

The Philippine safety seat belt market dropped rapidly to $X in 2022, with a decrease of -45.6% 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 saw a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Safety Seat Belt Exports

Exports from the Philippines

In 2022, shipments abroad of safety seat belts decreased by -58.3% to X units, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 13,691% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, safety seat belt exports fell sharply to $X in 2022. Over the period under review, exports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,371% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for safety seat belt exports from the Philippines, with a 100% share of total exports. It was followed by Thailand (X units), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at +43.9%.

In value terms, Japan ($X) emerged as the key foreign market for safety seat belts exports from the Philippines, comprising 100% of total exports. The second position in the ranking was taken by Thailand ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan stood at +1.4%.

Export Prices by Country

In 2022, the average safety seat belt export price amounted to $X per unit, waning by -11% against the previous year. In general, the export price, however, showed a strong increase. The growth pace was the most rapid in 2017 an increase of 1,234%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Thailand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Seat Belt Imports

Imports into the Philippines

In 2022, approx. X units of safety seat belts were imported into the Philippines; which is down by -39.3% compared with the year before. Over the period under review, imports recorded a dramatic setback. The growth pace was the most rapid in 2014 when imports increased by 93% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, safety seat belt imports contracted notably to $X in 2022. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 108% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of safety seat belt to the Philippines, with a 59% share of total imports. Moreover, safety seat belt imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by Thailand (X units), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.9% per year) and Thailand (-32.5% per year).

In value terms, Japan ($X) constituted the largest supplier of safety seat belts to the Philippines, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Thailand, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.3% per year) and Thailand (-30.6% per year).

Import Prices by Country

In 2022, the average safety seat belt import price amounted to $X per unit, waning by -15.2% against the previous year. Overall, the import price, however, enjoyed resilient growth. The growth pace was the most rapid in 2019 when the average import price increased by 55%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for safety seat belts in the world?

The United States constituted the country with the largest volume of safety seat belt consumption, accounting for 70% of total volume. Moreover, safety seat belt consumption in the United States exceeded the figures recorded by the second-largest consumer, Romania, eightfold. Mexico ranked third in terms of total consumption with a 4.9% share.

What are the largest producers of safety seat belts in the world?

The country with the largest volume of safety seat belt production was the United States, accounting for 67% of total volume. Moreover, safety seat belt production in the United States exceeded the figures recorded by the second-largest producer, Romania, fivefold. The third position in this ranking was occupied by Mexico, with a 6.4% share.

What are the leading suppliers of safety seat belts to the Philippines?

In value terms, Thailand, Japan and the United States appeared to be the largest safety seat belt suppliers to the Philippines, together accounting for 87% of total imports.

What are the leading importers of safety seat belts from the Philippines?

In value terms, China emerged as the key foreign market for safety seat belt exports from the Philippines, comprising 95% of total exports. The second position in the ranking was occupied by Romania, with a 2.8% share of total exports.

What is the average export price for safety seat belts in the Philippines?

In 2021, the average safety seat belt export price amounted to $18,666 per ton, growing by 23% against the previous year.

What is the average import price for safety seat belts in the Philippines?

In 2021, the average safety seat belt import price amounted to $14,817 per ton, picking up by 24% against the previous year.

This report provides an in-depth analysis of the safety seat belt market in the Philippines. 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 29322030 - Safety seat belts

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024