China: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in China

The Chinese safety seat belt market amounted to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated a resilient increase 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 decreased by X% against 2020 indices. Safety seat belt consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Safety Seat Belt Production in China

In value terms, safety seat belt production expanded to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Safety seat belt production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Safety Seat Belt Exports

Exports from China

In 2022, approx. X units of safety seat belts were exported from China; waning by X% against the previous year. In general, exports showed a slight shrinkage. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 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, total exports indicated tangible 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units), the United States (X units) and Thailand (X units) were the main destinations of safety seat belt exports from China, with a combined X% share of total exports. Mexico, Russia, Turkey, the UK, India, Malaysia, Indonesia, Singapore, Germany and South Africa lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Thailand ($X) constituted the largest markets for safety seat belt exported from China worldwide, with a combined X% share of total exports. Mexico, the UK, Russia, India, Germany, Turkey, South Africa, Indonesia, Singapore and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mexico, 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

In 2022, the average safety seat belt export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, export price indicated a pronounced 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. Based on 2022 figures, safety seat belt export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Safety Seat Belt Imports

Imports into China

In 2022, after two years of growth, there was significant decline in supplies from abroad of safety seat belts, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, safety seat belt imports declined notably to $X in 2022. Overall, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

The Czech Republic (X units), Hungary (X units) and Poland (X units) were the main suppliers of safety seat belt imports to China, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest safety seat belt suppliers to China were the Czech Republic ($X), Hungary ($X) and Poland ($X), with a combined X% share of total imports.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average safety seat belt import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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