Report Update Nov 1, 2024

Venezuela - Airbags With Inflator System and Parts Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Venezuela

In 2022, after three years of decline, there was significant growth in the Venezuelan inflator system airbag market, when its value increased by 78% to $X. In general, consumption, however, continues to indicate a dramatic shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Inflator System Airbag Exports

Exports from Venezuela

In 2019, approx. X kg of airbags with inflator system and parts thereof were exported from Venezuela; remaining constant against the year before. In general, exports continue to indicate a precipitous decline. The smallest decline of 99.9% was in 2018. The exports peaked at X kg in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

In value terms, inflator system airbag exports totaled $X in 2019. Overall, exports faced a precipitous slump. The smallest decline of 99.9% was in 2018. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

Exports by Country

Panama (X kg) was the main destination for inflator system airbag exports from Venezuela, with a approx. 100% share of total exports.

From 2013 to 2019, the average annual growth rate of volume to Panama was relatively modest.

From 2013 to 2019, the average annual rate of growth in terms of value to Panama was relatively modest.

Export Prices by Country

In 2019, the average inflator system airbag export price amounted to $X per ton, standing approx. at the previous year. In general, the export price showed prominent growth. The most prominent rate of growth was recorded in 2018 a decrease of 99.9%. Over the period under review, the average export prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2013 to 2019, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Inflator System Airbag Imports

Imports into Venezuela

In 2022, overseas purchases of airbags with inflator system and parts thereof increased by 56% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a sharp downturn. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, inflator system airbag imports surged to $X in 2022. In general, imports, however, saw a significant curtailment. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of inflator system airbag to Venezuela, with a 79% share of total imports. Moreover, inflator system airbag imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was held by Chile (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.6% per year) and Chile (+15.1% per year).

In value terms, Japan ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Venezuela, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by Chile, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-32.5% per year) and Chile (+38.2% per year).

Import Prices by Country

In 2022, the average inflator system airbag import price amounted to $X per ton, jumping by 33% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2016 an increase of 57%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for airbags with inflator system and parts thereof in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 45% share of global consumption. These countries were followed by Japan, Brazil, Mexico, Indonesia, Nigeria, Poland, Ethiopia and the UK, which together accounted for a further 24%.

What are the largest producers of airbags with inflator system and parts thereof in the world?

The country with the largest volume of inflator system airbag production was China, comprising approx. 24% of total volume. Moreover, inflator system airbag production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of airbags with inflator system and parts thereof to Venezuela?

In value terms, Mexico, Japan and Chile constituted the largest inflator system airbag suppliers to Venezuela, together accounting for 81% of total imports.

What is the average export price for airbags with inflator system and parts thereof in Venezuela?

In 2017, the average inflator system airbag export price amounted to $7,308 per ton, approximately mirroring the previous year.

What is the average import price for airbags with inflator system and parts thereof in Venezuela?

The average inflator system airbag import price stood at $35,843 per ton in 2021, growing by 15% against the previous year.

This report provides an in-depth analysis of the inflator system airbag market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29322050 - Airbags with inflator system and parts thereof

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023