Asia: Belt And Bandolier Market 2024

Belt And Bandolier Market Size in Asia

The Asian belt and bandolier market rose notably to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Belt And Bandolier Production in Asia

In value terms, belt and bandolier production reached $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Belt And Bandolier Exports

Exports in Asia

In 2023, after two years of growth, there was decline in overseas shipments of belts and bandoliers, when their volume decreased by X% to X units. Overall, exports saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, belt and bandolier exports expanded modestly to $X in 2023. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

China was the major exporter of belts and bandoliers in Asia, with the volume of exports recording X units, which was near X% of total exports in 2023. India (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Turkey (X%). The following exporters - Cambodia (X units) and Pakistan (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to belt and bandolier exports from China stood at X%. At the same time, Cambodia (X%), Pakistan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. India and Turkey experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. India (X p.p.), Taiwan (Chinese) (X p.p.), Cambodia (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and China 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, China ($X) remains the largest belt and bandolier supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: India (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, increasing by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, belt and bandolier export price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2019 an increase of X%. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Belt And Bandolier Imports

Imports in Asia

For the third year in a row, Asia recorded growth in overseas purchases of belts and bandoliers, which increased by X% to X units in 2023. Total imports indicated a temperate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in years to come.

In value terms, belt and bandolier imports stood at $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The Philippines dominates imports structure, accounting for X units, which was near X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X units) and South Korea (X units), together constituting a X% share of total imports. Japan (X units), Taiwan (Chinese) (X units), Singapore (X units), Indonesia (X units), Malaysia (X units), Thailand (X units) and India (X units) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the belts and bandoliers imports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%), South Korea (X%), Singapore (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Japan (X%), Malaysia (X%), Thailand (X%), India (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Singapore, Taiwan (Chinese), Thailand, Malaysia, Indonesia, India and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded 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

The import price in Asia stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform