Vietnam - Belts and Bandoliers - Market Analysis, Forecast, Size, Trends and Insights
Vietnam: Belt And Bandolier Market 2023
Belt And Bandolier Exports
Exports from Vietnam
In value terms, belt and bandolier exports totaled $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 78%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Exports by Country
In value terms, the United States ($X) remains the key foreign market for belts and bandoliers exports from Vietnam, comprising 42% of total exports. The second position in the ranking was held by China ($X), with a 9.8% share of total exports. It was followed by Italy, with a 6.8% share.
From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+92.7% per year) and Italy (+55.6% per year).
Belt And Bandolier Imports
Imports into Vietnam
In value terms, belt and bandolier imports surged to $X in 2022. In general, imports continue to indicate a modest increase. The growth pace was the most rapid in 2020 with an increase of 52% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.
Imports by Country
In value terms, the largest belt and bandolier suppliers to Vietnam were China ($X), Singapore ($X) and France ($X), with a combined 91% share of total imports.
In terms of the main suppliers, Singapore, with a CAGR of +85.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Source: IndexBox Platform
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This report provides an in-depth analysis of the belt and bandolier market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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