Africa: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Africa

In 2022, the African safety seat belt market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Overall, consumption, however, recorded a sharp setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Safety Seat Belt Production in Africa

In value terms, safety seat belt production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Safety Seat Belt Exports

Exports in Africa

In 2022, overseas shipments of safety seat belts increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety seat belt exports surged to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X units) and Tunisia (X units) dominates exports structure, together generating X% of total exports. Algeria (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Algeria (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest safety seat belt supplying countries in Africa were Tunisia ($X), South Africa ($X) and Algeria ($X), together comprising X% of total exports.

Algeria, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, posted a noticeable expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Algeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Safety Seat Belt Imports

Imports in Africa

In 2022, after two years of decline, there was significant growth in purchases abroad of safety seat belts, when their volume increased by X% to X units. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, safety seat belt imports soared to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the main importing country with an import of around X units, which amounted to X% of total imports. Morocco (X units) took the second position in the ranking, distantly followed by Rwanda (X units). All these countries together held near X% share of total imports. Egypt (X units), Kenya (X units), Algeria (X units), Senegal (X units), Tunisia (X units), Angola (X units), Tanzania (X units) and Ethiopia (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to safety seat belt imports into South Africa stood at X%. At the same time, Rwanda (X%), Tunisia (X%), Senegal (X%), Morocco (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Ethiopia and Angola experienced a relatively flat trend pattern. By contrast, Kenya (X%), Tanzania (X%) and Egypt (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Morocco (X p.p.), Rwanda (X p.p.), Senegal (X p.p.) and Tunisia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kenya (X p.p.), Tanzania (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Morocco ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Tunisia, Algeria, Kenya, Ethiopia, Angola, Tanzania, Senegal and Rwanda lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Rwanda, with a CAGR of X%, 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 Africa amounted to $X per unit, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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