CIS: Belt And Bandolier Market 2024

Belt And Bandolier Market Size in CIS

The CIS belt and bandolier market amounted to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, recorded a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Belt And Bandolier Production in CIS

In value terms, belt and bandolier production dropped to $X in 2023 estimated in export price. Overall, production, however, enjoyed a notable expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, production reached the peak level of $X, and then fell in the following year.

Belt And Bandolier Exports

Exports in CIS

In 2023, exports of belts and bandoliers in the CIS declined dramatically to X units, which is down by X% on 2022. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, belt and bandolier exports surged to $X in 2023. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

Exports by Country

In 2023, Russia (X units) represented the major exporter of belts and bandoliers, comprising X% of total exports. Kyrgyzstan (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (X%), Armenia (X%) and Uzbekistan (X%). The following exporters - Azerbaijan (X units) and Kazakhstan (X units) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to belt and bandolier exports from Russia stood at X%. At the same time, Armenia (X%), Azerbaijan (X%), Kyrgyzstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Kazakhstan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. Kyrgyzstan (X p.p.), Armenia (X p.p.), Uzbekistan (X p.p.), Belarus (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan and Russia saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest belt and bandolier supplying countries in the CIS were Russia ($X), Armenia ($X) and Uzbekistan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Armenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Armenia ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

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

Belt And Bandolier Imports

Imports in CIS

In 2023, approx. X units of belts and bandoliers were imported in the CIS; rising by X% compared with 2022. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, belt and bandolier imports skyrocketed to $X in 2023. In general, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia was the largest importer of belts and bandoliers in the CIS, with the volume of imports resulting at X units, which was approx. X% of total imports in 2023. It was distantly followed by Uzbekistan (X units), Kazakhstan (X units) and Azerbaijan (X units), together creating a X% share of total imports. The following importers - Kyrgyzstan (X units), Belarus (X units) and Armenia (X units) - each finished at a X% share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Azerbaijan (X%), Belarus (X%), Kyrgyzstan (X%), Armenia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan, Azerbaijan, Kazakhstan, Kyrgyzstan and Belarus increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported belts and bandoliers in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Russia, belt and bandolier imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2023, stabilizing at the previous year. Overall, the import price, however, recorded a noticeable descent. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Armenia ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform