Serbia: Inflator System Airbag Market 2025

Inflator System Airbag Market Size in Serbia

In 2022, after two years of growth, there was significant decline in the Serbian inflator system airbag market, when its value decreased by -21.2% to $X. Over the period under review, consumption showed a pronounced decrease. Inflator system airbag consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Inflator System Airbag Exports

Exports from Serbia

In 2022, exports of airbags with inflator system and parts thereof from Serbia soared to X tons, jumping by 399% on 2021 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, inflator system airbag exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 263%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for inflator system airbag exports from Serbia, accounting for a 46% share of total exports. Moreover, inflator system airbag exports to the Czech Republic exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +16,993.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+35.0% per year) and Germany (+45.7% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for airbags with inflator system and parts thereof exports from Serbia, comprising 49% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 22% share of total exports. It was followed by Montenegro, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +6,571.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+33.1% per year) and Montenegro (+26.1% per year).

Export Prices by Country

The average inflator system airbag export price stood at $X per ton in 2022, dropping by -48.2% against the previous year. Overall, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 98%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Montenegro ($X per ton), while the average price for exports to Germany ($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 Germany (-0.8%), while the prices for the other major destinations experienced a decline.

Inflator System Airbag Imports

Imports into Serbia

In 2022, inflator system airbag imports into Serbia stood at X tons, picking up by 15% against the previous year's figure. Overall, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, inflator system airbag imports soared to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest inflator system airbag supplier to Serbia, accounting for a 52% share of total imports. Moreover, inflator system airbag imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+95.6% per year) and Germany (+9.5% per year).

In value terms, Turkey ($X), China ($X) and Germany ($X) constituted the largest inflator system airbag suppliers to Serbia, with a combined 69% share of total imports.

China, with a CAGR of +83.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average inflator system airbag import price amounted to $X per ton, rising by 16% against the previous year. In general, the import price, however, saw a pronounced slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform