Argentina: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Argentina

In 2022, the Argentinian inflator system airbag market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a resilient expansion 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Inflator System Airbag Exports

Exports from Argentina

After two years of growth, overseas shipments of airbags with inflator system and parts thereof decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, inflator system airbag exports dropped markedly to $X in 2022. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Uruguay (X tons) was the main destination for inflator system airbag exports from Argentina, accounting for a X% share of total exports. Moreover, inflator system airbag exports to Uruguay exceeded the volume sent to the second major destination, Peru (X kg), fourfold. Paraguay (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Paraguay (X% per year).

In value terms, Uruguay ($X), Peru ($X) and Brazil ($X) constituted the largest markets for inflator system airbag exported from Argentina worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of X%, 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

The average inflator system airbag export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Uruguay ($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 Brazil (X%), while the prices for the other major destinations experienced mixed trend patterns.

Inflator System Airbag Imports

Imports into Argentina

In 2022, the amount of airbags with inflator system and parts thereof imported into Argentina skyrocketed to X tons, picking up by X% compared with the previous year's figure. Over the period under review, total imports indicated a moderate expansion 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. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, inflator system airbag imports surged to $X in 2022. In general, total imports indicated prominent 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Brazil (X tons), Thailand (X tons) and Poland (X tons) were the main suppliers of inflator system airbag imports to Argentina, with a combined X% share of total imports. Mexico, Romania, South Africa, Spain, Germany, France and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of airbags with inflator system and parts thereof to Argentina, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Poland (X% per year).

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 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 Turkey ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform