South-Eastern Asia: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in South-Eastern Asia

In 2022, after six years of growth, there was decline in the Southeast Asian inflator system airbag market, when its value decreased by -0.4% to $X. Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank modestly in the following year.

Inflator System Airbag Production in South-Eastern Asia

In value terms, inflator system airbag production amounted to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 90% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of airbags with inflator system and parts thereof were exported in South-Eastern Asia; which is down by -1.6% on the previous year. In general, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 53%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined slightly in the following year.

In value terms, inflator system airbag exports fell to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 45%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Thailand (X tons) and Vietnam (X tons) prevails in exports structure, together making up 92% of total exports. It was distantly followed by the Philippines (X tons), comprising a 5.1% share of total exports. Malaysia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +29.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Vietnam ($X) and the Philippines ($X) were the countries with the highest levels of exports in 2022, with a combined 96% share of total exports. Malaysia lagged somewhat behind, comprising a further 3%.

Among the main exporting countries, Malaysia, with a CAGR of +22.0%, saw the highest growth rate of 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 export price in South-Eastern Asia stood at $X per ton in 2022, which is down by -4.6% against the previous year. Overall, the export price showed a perceptible descent. The growth pace was the most rapid in 2018 an increase of 6.9%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Malaysia ($X per ton) and the Philippines ($X per ton), while Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.7%), while the other leaders experienced mixed trends in the export price figures.

Inflator System Airbag Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of airbags with inflator system and parts thereof increased by 8.9% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 34%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, inflator system airbag imports expanded slightly to $X in 2022. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 39%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons), distantly followed by Indonesia (X tons), Vietnam (X tons) and Malaysia (X tons) represented the largest importers of airbags with inflator system and parts thereof, together creating 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inflator system airbag importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined 90% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +31.2%, saw 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, reducing by -4.9% against the previous year. Over the period under review, the import price saw a slight slump. The pace of growth was the most pronounced in 2016 an increase of 3.7% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :