Asia: Belt And Bandolier Market 2023

Belt And Bandolier Market Size in Asia

The Asian belt and bandolier market contracted to $X in 2022, waning by -14.3% against the previous year. In general, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Belt And Bandolier Production in Asia

In value terms, belt and bandolier production dropped sharply to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 65% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Belt And Bandolier Exports

Exports by Country

Taiwan (Chinese) (X units) represented roughly 100% of total exports in 2022.

Taiwan (Chinese) was also the fastest-growing in terms of the belts and bandoliers exports, with a CAGR of +7.4% from 2020 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) also remains the largest belt and bandolier supplier in Asia.

In Taiwan (Chinese), belt and bandolier exports expanded at an average annual rate of +15.9% over the period from 2020-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with an increase of 31% against the previous year. Over the last two years, it increased at an average annual rate of +15.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2020 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +8.0% per year.

Belt And Bandolier Imports

Imports in Asia

In 2022, imports of belts and bandoliers in Asia contracted to X units, which is down by -12.2% on 2021 figures. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, belt and bandolier imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Taiwan (Chinese) represented the largest importer of belts and bandoliers in Asia, with the volume of imports recording X units, which was near 70% of total imports in 2022. It was distantly followed by Qatar (X units), constituting a 30% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to belt and bandolier imports into Taiwan (Chinese) stood at +15.5%. At the same time, Qatar (+24.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +24.5% from 2012-2022. From 2012 to 2022, the share of Qatar increased by +13 percentage points.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported belts and bandoliers in Asia, comprising 4.1% of total imports. The second position in the ranking was taken by Qatar ($X), with a 0.8% share of total imports.

In Taiwan (Chinese), belt and bandolier imports increased at an average annual rate of +10.1% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, surging by 10% against the previous year. In general, the import price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2020 when the import price increased by 65% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Qatar totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-4.7%).

Source: IndexBox Platform

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