Africa: Safety Seat Belt Market 2024

Safety Seat Belt Market Size in Africa

In 2023, the African safety seat belt market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Safety Seat Belt Production in Africa

In value terms, safety seat belt production skyrocketed to $X in 2023 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Safety Seat Belt Exports

Exports in Africa

In 2023, approx. X units of safety seat belts were exported in Africa; which is down by X% on the previous year. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, safety seat belt exports dropped dramatically to $X in 2023. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the main exporting country with an export of about X units, which finished at X% of total exports. Tunisia (X units) took the second position in the ranking, followed by Algeria (X units). All these countries together took approx. X% share of total exports. Kenya (X units) held a little share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Algeria (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Tunisia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Algeria, Tunisia and Kenya increased by X, X and X percentage points, respectively.

In value terms, Tunisia ($X), South Africa ($X) and Algeria ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Algeria, with a CAGR of X%, recorded the highest growth rate of 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 Africa stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Kenya ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Safety Seat Belt Imports

Imports in Africa

In 2023, purchases abroad of safety seat belts increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety seat belt imports soared to $X in 2023. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Morocco (X units) was the largest importer of safety seat belts, committing X% of total imports. South Africa (X units) ranks second in terms of the total imports with a X% share, followed by Egypt (X%). Tanzania (X units) followed a long way behind the leaders.

Morocco was also the fastest-growing in terms of the safety seat belts imports, with a CAGR of X% from 2012 to 2023. At the same time, South Africa (X%), Tanzania (X%) and Egypt (X%) displayed positive paces of growth. Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania and Egypt saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported safety seat belts in Africa, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Morocco stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2023, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform