Russian Federation: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in the Russian Federation

The Russian inflator system airbag market dropped sharply to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a deep contraction. Inflator system airbag consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports from the Russian Federation

In 2022, the amount of airbags with inflator system and parts thereof exported from Russia reduced remarkably to X tons, which is down by X% on 2021 figures. In general, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, inflator system airbag exports fell dramatically to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of inflator system airbag exports from Russia, with a combined X% share of total exports.

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

In value terms, Kazakhstan ($X) remains the key foreign market for airbags with inflator system and parts thereof exports from Russia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Lebanon (X% per year).

Export Prices by Country

The average inflator system airbag export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

Inflator System Airbag Imports

Imports into the Russian Federation

In 2022, the amount of airbags with inflator system and parts thereof imported into Russia declined significantly to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, inflator system airbag imports dropped rapidly to $X in 2022. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Romania (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of inflator system airbag imports to Russia, with a combined X% share of total imports. Japan, Slovakia, France, China, Hungary, South Korea, Poland and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), Germany ($X) and the Czech Republic ($X) were the largest inflator system airbag suppliers to Russia, together comprising X% of total imports. Japan, France, Slovakia, China, Hungary, Poland, South Korea and Spain lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average inflator system airbag import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a slight contraction. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform