United Kingdom: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in the UK

In 2022, the UK safety seat belt market decreased by -10.9% to $X, falling for the fourth consecutive year after four years of growth. In general, consumption saw a drastic downturn. Safety seat belt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Safety Seat Belt Production in the UK

In value terms, safety seat belt production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 22% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Safety Seat Belt Exports

Exports from the UK

In 2022, safety seat belt exports from the UK dropped significantly to X units, which is down by -27.5% compared with the year before. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, safety seat belt exports stood at $X in 2022. Over the period under review, exports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 25% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for safety seat belt exports from the UK, with a 35% share of total exports. Moreover, safety seat belt exports to Germany exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was taken by Italy (X units), with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.1% per year) and Italy (-8.6% per year).

In value terms, the largest markets for safety seat belt exported from the UK were Germany ($X), the United States ($X) and France ($X), with a combined 51% share of total exports. Poland, Italy, Sweden, Turkey, the Czech Republic, Belgium, China, South Korea, Ireland and Brazil lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, Brazil, with a CAGR of +21.4%, 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, rising by 38% against the previous year. In general, the export price saw prominent growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 43% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 Germany (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Seat Belt Imports

Imports into the UK

In 2022, safety seat belt imports into the UK reduced to X units, which is down by -7.5% compared with 2021 figures. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by 22% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, safety seat belt imports shrank notably to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Romania (X units), Poland (X units) and Hungary (X units) were the main suppliers of safety seat belt imports to the UK, together comprising 70% of total imports. The Czech Republic, China, Germany and France lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +4.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Hungary ($X), Romania ($X) and Poland ($X) were the largest safety seat belt suppliers to the UK, together accounting for 68% of total imports.

Among the main suppliers, Hungary, with a CAGR of +3.3%, 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 mixed trend patterns.

Import Prices by Country

The average safety seat belt import price stood at $X per unit in 2022, declining by -14.5% against the previous year. Overall, the import price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66%. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

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 France ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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