Global Belt And Bandolier Market 2023

Belt And Bandolier Market Size

The global belt and bandolier market was estimated at $X in 2022, growing by 3% against the previous year. Over the period under review, consumption showed a significant increase. Global consumption peaked in 2022 and is likely to see steady growth in years to come.

Belt And Bandolier Production

In value terms, belt and bandolier production fell to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a lower figure.

Belt And Bandolier Exports

Exports by Country

In 2022, Taiwan (Chinese) (X units) represented the key exporter of belts and bandoliers, achieving 63% of total exports. It was distantly followed by the United States (X units), making up a 37% share of total exports.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +7.4%).

In value terms, Taiwan (Chinese) ($X) and the United States ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, the United States, with a CAGR of +25.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average belt and bandolier export price stood at $X per unit in 2022, growing by 11% against the previous year. Over the last two-year period, it increased at an average annual rate of +7.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Taiwan (Chinese) stood at $X per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.8%).

Belt And Bandolier Imports

Imports

In 2022, global imports of belts and bandoliers skyrocketed to X units, with an increase of 131% compared with the previous year's figure. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 295% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, belt and bandolier imports reached $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States prevails in imports structure, accounting for X units, which was near 95% of total imports in 2022. Taiwan (Chinese) (X units) and Qatar (X units) took a relatively small share of total imports.

The United States was also the fastest-growing in terms of the belts and bandoliers imports, with a CAGR of +100.6% from 2012 to 2022. At the same time, Qatar (+24.5%) and Taiwan (Chinese) (+15.5%) displayed positive paces of growth. While the share of the United States (+95 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Qatar (-14.6 p.p.) and Taiwan (Chinese) (-76.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported belts and bandoliers worldwide, comprising 21% of global imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.4% share of global imports.

In the United States, belt and bandolier imports increased at an average annual rate of +1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+10.1% per year) and Qatar (+10.9% per year).

Import Prices by Country

The average belt and bandolier import price stood at $X per unit in 2022, waning by -56.6% against the previous year. Over the period under review, the import price continues to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2018 an increase of 0.8% against the previous year. Global import price 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) ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-4.7%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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