Belt And Bandolier Market in the European Union
In value terms, belt and bandolier production contracted to $ in estimated in export price. Over the period under review, production recorded a slight downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2008; however, from 2009 to , production failed to regain momentum.
Italy ( units) remains the largest belt and bandolier producing country in the European Union, accounting for % of total volume. Moreover, belt and bandolier production in Italy exceeded the figures recorded by the second-largest producer, Spain ( units), fivefold. Germany ( units) ranked third in terms of total production with a % share.
In Italy, belt and bandolier production plunged by an average annual rate of -% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Spain (-% per year) and Germany (-% per year).
The value of the belt and bandolier market in the European Union reduced slightly to $ in , shrinking by -% 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). In general, consumption saw a pronounced descent. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In Italy, belt and bandolier consumption declined by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Spain (-% per year) and Germany (-% per year).
In value terms, Italy ($), France ($) and Germany ($) constituted the countries with the highest levels of market value in , together comprising % of the total market. Spain, Poland, the Netherlands, the Czech Republic and Romania lagged somewhat behind, together comprising a further %.
Among the main consuming countries, Poland, with a CAGR of +%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other leaders experienced a decline in the market figures.
In , the highest levels of belt and bandolier per capita consumption was registered in Italy ( units per persons), followed by Spain ( units per persons), the Czech Republic ( units per persons) and the Netherlands ( units per persons), while the world average per capita consumption of belt and bandolier was estimated at units per persons.
In Italy, belt and bandolier per capita consumption declined by an average annual rate of -% over the period from 2007-. In the other countries, the average annual rates were as follows: Spain (-% per year) and the Czech Republic (-% per year).
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .