Ireland: Belt And Bandolier Market Overview 2021

Belt And Bandolier Market Size in Ireland

The Irish belt and bandolier market dropped to $X in 2020, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a perceptible contraction. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. Belt and bandolier consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Belt And Bandolier Exports

Exports from Ireland

In 2020, the amount of belts and bandoliers exported from Ireland contracted significantly to X tonnes, with a decrease of -X% against 2019. Over the period under review, exports, however, posted a mild increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, belt and bandolier exports contracted sharply to $X in 2020. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for belt and bandolier exports from Ireland, accounting for a X% share of total exports. Moreover, belt and bandolier exports to the UK exceeded the volume sent to the second major destination, the U.S. (X tonnes), sixfold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and France (+X% per year).

In value terms, the UK ($X) remains the key foreign market for belt and bandolier exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (+X% per year) and France (+X% per year).

Export Prices by Country

In 2020, the average belt and bandolier export price amounted to $X per tonne, leveling off at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2020, the highest prices were recorded for prices to Germany ($X per tonne) and the U.S. ($X per tonne), while the average price for exports to the UK ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Belt And Bandolier Imports

Imports into Ireland

Belt and bandolier imports into Ireland dropped remarkably to X tonnes in 2020, declining by -X% compared with the previous year. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, belt and bandolier imports fell to $X in 2020. Overall, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tonnes), China (X tonnes) and India (X tonnes) were the main suppliers of belt and bandolier imports to Ireland, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the UK ($X) and China ($X) appeared to be the largest belt and bandolier suppliers to Ireland, with a combined X% share of total imports.

In terms of the main suppliers, Italy saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average belt and bandolier import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for belts and bandoliers in the world?

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China (25K tonnes) remains the largest belt and bandolier consuming country worldwide, accounting for 22% of total volume. Moreover, belt and bandolier consumption in China exceeded the figures recorded by the second-largest consumer, India (7.5K tonnes), threefold. The third position in this ranking was occupied by the U.S. (6.1K tonnes), with a 5.4% share.

What are the largest producers of belts and bandoliers in the world?

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The country with the largest volume of belt and bandolier production was China (34K tonnes), accounting for 32% of total volume. Moreover, belt and bandolier production in China exceeded the figures recorded by the second-largest producer, India (11K tonnes), threefold. The third position in this ranking was occupied by Pakistan (3.2K tonnes), with a 3% share.

What are the leading suppliers of belts and bandoliers to Ireland?

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In value terms, the largest belt and bandolier suppliers to Ireland were Italy ($1.1M), the UK ($973K) and China ($525K), with a combined 56% share of total imports.

What are the leading importers of belts and bandoliers from Ireland?

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In value terms, the UK ($219K) remains the key foreign market for belt and bandolier exports from Ireland, comprising 59% of total exports. The second position in the ranking was occupied by the U.S. ($44K), with a 12% share of total exports. It was followed by France, with a 9.9% share.

What is the average export price for belts and bandoliers in Ireland?

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The average belt and bandolier export price stood at $33,166 per tonne in 2020, approximately equating the previous year.

What is the average import price for belts and bandoliers in Ireland?

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In 2020, the average belt and bandolier import price amounted to $40,642 per tonne, picking up by 6.5% against the previous year.