Spain: Inflator System Airbag Market 2024

Inflator System Airbag Market Size in Spain

After two years of growth, the Spanish inflator system airbag market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Inflator System Airbag Production in Spain

In value terms, inflator system airbag production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. Inflator system airbag production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Inflator System Airbag Exports

Exports from Spain

For the fourth year in a row, Spain recorded decline in shipments abroad of airbags with inflator system and parts thereof, which decreased by less than X% to X tons in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, inflator system airbag exports expanded modestly to $X in 2022. Overall, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons), the UK (X tons) and Morocco (X tons) were the main destinations of inflator system airbag exports from Spain, with a combined X% share of total exports. Poland, the United States, Romania, Germany, Slovakia, South Africa, Argentina, Portugal, Austria and Belgium 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), the UK ($X) and France ($X) were the largest markets for inflator system airbag exported from Spain worldwide, together comprising X% of total exports. The United States, Argentina, Portugal, Poland, Slovakia, Romania, Germany, South Africa, Austria and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, saw 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

The average inflator system airbag export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Poland ($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 Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Inflator System Airbag Imports

Imports into Spain

Inflator system airbag imports into Spain rose modestly to X tons in 2022, with an increase of X% on 2021. Overall, total imports indicated a strong increase 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 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, inflator system airbag imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Romania (X tons) and Hungary (X tons) were the main suppliers of inflator system airbag imports to Spain, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inflator system airbag suppliers to Spain were Poland ($X), Romania ($X) and Germany ($X), together accounting for X% of total imports. France, Hungary, Portugal, Tunisia and Sweden lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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, falling by X% against the previous year. In general, the import price showed a deep slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform