Poland: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Poland

The Polish safety seat belt market dropped notably to $X in 2022, waning by -19.9% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Safety Seat Belt Production in Poland

In value terms, safety seat belt production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 8.4%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Safety Seat Belt Exports

Exports from Poland

For the third consecutive year, Poland recorded growth in overseas shipments of safety seat belts, which increased by 28% to X units in 2022. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 52%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, safety seat belt exports skyrocketed to $X in 2022. Overall, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2018 with an increase of 58% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for safety seat belt exports from Poland, accounting for a 34% share of total exports. Moreover, safety seat belt exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was held by Italy (X units), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+42.8% per year) and Italy (+30.8% per year).

In value terms, Germany ($X) remains the key foreign market for safety seat belts exports from Poland, comprising 37% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 8.6% share of total exports. It was followed by Italy, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+41.4% per year) and Italy (+32.9% per year).

Export Prices by Country

The average safety seat belt export price stood at $X per unit in 2022, shrinking by -10.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 20%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Seat Belt Imports

Imports into Poland

In 2022, purchases abroad of safety seat belts increased by 6.4% to X units, rising for the fifth consecutive year after two years of decline. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of 98% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, safety seat belt imports rose to $X in 2022. In general, imports posted a strong increase. The growth pace was the most rapid in 2019 with an increase of 137% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Romania (X units) constituted the largest supplier of safety seat belt to Poland, accounting for a 63% share of total imports. Moreover, safety seat belt imports from Romania exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The Czech Republic (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Romania amounted to +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and the Czech Republic (+45.9% per year).

In value terms, the largest safety seat belt suppliers to Poland were the Czech Republic ($X), Romania ($X) and Germany ($X), with a combined 72% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +55.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average safety seat belt import price stood at $X per unit in 2022, which is down by -3.5% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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