Turkey: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Turkey

The Turkish safety seat belt market fell markedly to $X in 2022, declining by -31.5% against the previous year. Over the period under review, consumption, however, saw measured growth. Safety seat belt consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Safety Seat Belt Production in Turkey

In value terms, safety seat belt production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Safety Seat Belt Exports

Exports from Turkey

In 2022, safety seat belt exports from Turkey was estimated at X units, growing by 11% on the previous year. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 20%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, safety seat belt exports stood at $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 9.5%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X units), Spain (X units) and France (X units) were the main destinations of safety seat belt exports from Turkey, together accounting for 54% of total exports. Hungary, the United States, Italy and Morocco lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +56.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for safety seat belt exported from Turkey were Romania ($X), Spain ($X) and France ($X), together comprising 51% of total exports. Hungary, the United States, Morocco and Italy lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, the United States, with a CAGR of +59.3%, recorded the highest rates of growth with regard to 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

In 2022, the average safety seat belt export price amounted to $X per unit, with a decrease of -5.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 the United States (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Seat Belt Imports

Imports into Turkey

In 2022, purchases abroad of safety seat belts increased by 0.6% to X units, rising for the second year in a row after three years of decline. In general, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +7.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, safety seat belt imports shrank to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +3.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Romania (X units) constituted the largest supplier of safety seat belt to Turkey, accounting for a 45% share of total imports. Moreover, safety seat belt imports from Romania exceeded the figures recorded by the second-largest supplier, India (X units), twofold. China (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Romania stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.8% per year) and China (+2.7% per year).

In value terms, Romania ($X), India ($X) and the Czech Republic ($X) appeared to be the largest safety seat belt suppliers to Turkey, with a combined 75% share of total imports. Estonia, China, the UK, Germany and Poland lagged somewhat behind, together accounting for a further 20%.

Estonia, with a CAGR of +58.0%, recorded the highest growth rate of the value of imports, in terms of 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 safety seat belt import price amounted to $X per unit, falling by -5.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 9.7%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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