United Kingdom: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in the UK

The UK inflator system airbag market surged to $X in 2022, growing by 19% against the previous year. In general, consumption showed resilient growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Inflator System Airbag Production in the UK

In value terms, inflator system airbag production expanded markedly to $X in 2022 estimated in export price. In general, production recorded a noticeable expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 86% against the previous year. Inflator system airbag production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports from the UK

In 2022, approx. X tons of airbags with inflator system and parts thereof were exported from the UK; surging by 6.9% compared with 2021 figures. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% 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 +21.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 35% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, inflator system airbag exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for inflator system airbag exports from the UK, accounting for a 91% share of total exports. It was followed by Poland (X tons), with a 1.5% share of total exports. The third position in this ranking was taken by Germany (X tons), with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.2% per year) and Germany (-9.6% per year).

In value terms, Romania ($X) remains the key foreign market for airbags with inflator system and parts thereof exports from the UK, comprising 83% of total exports. The second position in the ranking was held by Poland ($X), with a 1.2% share of total exports. It was followed by Germany, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-2.1% per year) and Germany (-3.6% per year).

Export Prices by Country

In 2022, the average inflator system airbag export price amounted to $X per ton, increasing by 9.5% against the previous year. In general, the export price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($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 (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Inflator System Airbag Imports

Imports into the UK

In 2022, after five years of decline, there was significant growth in overseas purchases of airbags with inflator system and parts thereof, when their volume increased by 47% to X tons. In general, imports, however, showed a slight setback. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, inflator system airbag imports soared to $X in 2022. Overall, imports, however, saw a deep downturn. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Hungary (X tons), France (X tons) and Japan (X tons) were the main suppliers of inflator system airbag imports to the UK, together comprising 61% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +264.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of airbags with inflator system and parts thereof to the UK, comprising 29% of total imports. The second position in the ranking was taken by Portugal ($X), with a 12% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +216.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-4.3% per year) and France (+3.9% per year).

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, with a decrease of -20.1% against the previous year. In general, the import price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 19%. 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 Sweden ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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