South Africa: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in South Africa

The South African inflator system airbag market reduced modestly to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate resilient growth. Inflator system airbag consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Inflator System Airbag Production in South Africa

In value terms, inflator system airbag production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Inflator system airbag production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Inflator System Airbag Exports

Exports from South Africa

After two years of growth, shipments abroad of airbags with inflator system and parts thereof decreased by X% to X tons in 2022. In general, exports recorded a mild shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, inflator system airbag exports dropped dramatically to $X in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for inflator system airbag exports from South Africa, with a X% share of total exports. Moreover, inflator system airbag exports to Argentina exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. Namibia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Namibia (X% per year).

In value terms, Argentina ($X) emerged as the key foreign market for airbags with inflator system and parts thereof exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

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

Export Prices by Country

The average inflator system airbag export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Zambia ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Inflator System Airbag Imports

Imports into South Africa

Inflator system airbag imports into South Africa reduced to X tons in 2022, falling by X% against the previous year. Overall, total imports indicated a notable 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 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, inflator system airbag imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Germany (X tons) and China (X tons) were the main suppliers of inflator system airbag imports to South Africa, together accounting for X% of total imports. Poland, Romania, Spain, Tunisia, France, Vietnam and Brazil lagged somewhat behind, together accounting for a further X%.

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

In value terms, Thailand ($X), Germany ($X) and China ($X) appeared to be the largest inflator system airbag suppliers to South Africa, together accounting for X% of total imports. Poland, Romania, France, Tunisia, Spain, Brazil and Vietnam lagged somewhat behind, together accounting for a further X%.

Tunisia, 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 inflator system airbag import price amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform