Australia and Oceania: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Australia and Oceania

The inflator system airbag market in Australia and Oceania stood at $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a resilient increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Inflator System Airbag Production in Australia and Oceania

In value terms, inflator system airbag production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Inflator System Airbag Exports

Exports in Australia and Oceania

In 2022, overseas shipments of airbags with inflator system and parts thereof were finally on the rise to reach X tons after four years of decline. Over the period under review, exports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, inflator system airbag exports shrank modestly to $X in 2022. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Australia was the key exporter of airbags with inflator system and parts thereof in Australia and Oceania, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), generating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to inflator system airbag exports from Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest inflator system airbag supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, inflator system airbag exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price 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 pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Inflator System Airbag Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of airbags with inflator system and parts thereof decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, inflator system airbag imports shrank dramatically to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the major importer of airbags with inflator system and parts thereof in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), constituting a X% share of total imports. Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to inflator system airbag imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. While the share of New Zealand (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported airbags with inflator system and parts thereof in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, inflator system airbag imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform