South-Eastern Asia: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in South-Eastern Asia

In 2022, after eight years of growth, there was significant decline in the Southeast Asian inflator system airbag market, when its value decreased by X% to $X. Overall, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Inflator System Airbag Production in South-Eastern Asia

In value terms, inflator system airbag production amounted to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Inflator System Airbag Exports

Exports in South-Eastern Asia

In 2022, the amount of airbags with inflator system and parts thereof exported in South-Eastern Asia rose significantly to X tons, picking up by X% on the previous year's figure. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, inflator system airbag exports amounted to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Vietnam (X tons) prevails in exports structure, together mixing up X% of total exports. It was distantly followed by the Philippines (X tons), mixing up a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

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

In value terms, the largest inflator system airbag supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and the Philippines ($X), together comprising X% of total exports. These countries were followed by Malaysia, which accounted for a further X%.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Philippines ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Inflator System Airbag Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of airbags with inflator system and parts thereof increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, inflator system airbag imports expanded significantly to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Thailand was the largest importer of airbags with inflator system and parts thereof in South-Eastern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Indonesia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%) and Malaysia (X%).

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

In value terms, the largest inflator system airbag importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a mild contraction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Malaysia ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform