In 2023, Romania led the European export market of safety seat belts, airbags, and parts with a 32.16% share, showcasing a 1.69% increase from the previous year. Poland and Czechia followed with 16.64% and 15% shares, respectively, though Poland experienced a 1.31% decline in exports. Noteworthy was Slovakia, which surged by 84.09%. In contrast, the United Kingdom fell by 24.43%. The small exporters like Bulgaria and Ireland saw significant spikes, with Bulgaria rising 73.88% and Ireland 50.82%, indicating potential new growth avenues in minor markets.
Future trends to watch include continued growth in Eastern European countries, as indicated by trends in Estonia and Bulgaria. The potential for recovery in traditional markets like the United Kingdom exists, though dependent on macroeconomic conditions. Moreover, manufacturers may pivot to greener technologies, influencing country shares as demand shifts towards innovative safety solutions.
Top countries in Export of Safety Seat Belts, Airbags and Parts Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Romania | 32.16 | 2023 | +3.89% | +1.69% | View data |
| 2 | 2 Poland | 16.64 | 2023 | -2.17% | -1.31% | View data |
| 3 | 3 Czechia | 15 | 2023 | |||
| 4 | 4 France | 10.67 | 2023 | -1.25% | -1.5% | View data |
| 5 | 5 Germany | 10.19 | 2023 | +5.7% | +0.086% | View data |
| 6 | 6 Hungary | 6.79 | 2023 | +1.96% | +2.36% | View data |
| 7 | 7 Spain | 3.38 | 2023 | +1.66% | +19.74% | View data |
| 8 | 8 Estonia | 1.64 | 2023 | -1.57% | +41.25% | View data |
| 9 | 9 Italy | 1.28 | 2023 | -10.59% | -6.13% | View data |
| 10 | 10 United Kingdom | 0.57 | 2023 | -36.19% | -24.43% | View data |
