EU’s Belt and Bandolier Imports Bounced Back to $817M in 2018
IndexBox has just published a new report: ‘EU – Belts And Bandoliers – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
The belt and bandolier market size in the EU is estimated at $711M in 2018, an increase of 1.5% 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, belt and bandolier consumption continues to indicate a moderate shrinkage. The pace of growth was the most pronounced in 2014 when the market value increased by 6.2% y-o-y. The level of belt and bandolier consumption peaked at $858M in 2009; however, from 2010 to 2018, consumption remained at a lower figure.
Consumption by Country
Germany ($123M), France ($109M) and the UK ($95M) were the largest markets for belts and bandoliers, together accounting for 46% of the EU market. These countries were followed by Italy, Spain, Portugal, Austria, Romania, the Netherlands, Sweden, Belgium and the Czech Republic, which together accounted for a further 46%.
Imports in the EU
In 2018, EU’s belt and bandolier imports stood at $817M (IndexBox estimates). The total import value increased at an average annual rate of +1.7% over the last decade; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when imports increased by 14% against the previous year. Over the period under review, belt and bandolier imports reached their peak figure at $829M in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.
Imports by Country
In value terms, the largest belt and bandolier importing markets in the European Union were Germany ($173M), France ($161M) and the UK ($122M), with a combined 56% share of total imports.
The UK experienced the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2018, the belt and bandolier import price in the European Union amounted to $47,531 per tonne, jumping by 3.8% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($59,224 per tonne), while Belgium ($28,562 per tonne) was amongst the lowest.
Source: IndexBox AI Platform