Belt And Bandolier Market Overview in Estonia
Market Overview
In 2019, the Estonian belt and bandolier market increased by 
% to $, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2014 when the market value increased by % y-o-y. Belt and bandolier consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
In value terms, belt and bandolier production expanded markedly to $ in 2019 estimated in export prices. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Belt and bandolier production peaked at $ in 2017; however, from 2018 to 2019, production remained at a lower figure.
% to $, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2014 when the market value increased by % y-o-y. Belt and bandolier consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.In value terms, belt and bandolier production expanded markedly to $
in 2019 estimated in export prices. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Belt and bandolier production peaked at $ in 2017; however, from 2018 to 2019, production remained at a lower figure.Consumption
In 2019, the amount of belts and bandoliers consumed in Estonia stood at tonnes, almost unchanged from the previous year. In general, consumption, however, showed a abrupt slump. The pace of growth was the most pronounced in 2017 when the consumption volume increased by % year-to-year. Belt and bandolier consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
The revenue of the belt and bandolier market in Estonia rose to $ in 2019, growing 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). Over the period under review, consumption, however, showed a mild reduction. The pace of growth was the most pronounced in 2014 when the market value increased by % y-o-y. Belt and bandolier consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
tonnes, almost unchanged from the previous year. In general, consumption, however, showed a abrupt slump. The pace of growth was the most pronounced in 2017 when the consumption volume increased by % year-to-year. Belt and bandolier consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.The revenue of the belt and bandolier market in Estonia rose to $
in 2019, growing 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). Over the period under review, consumption, however, showed a mild reduction. The pace of growth was the most pronounced in 2014 when the market value increased by % y-o-y. Belt and bandolier consumption peaked at $ in 2007; however, from 2008 to 2019, consumption remained at a lower figure.Market Forecast
Driven by rising demand for belt and bandolier in Estonia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in 2019. Estonia domestic supply is expected to continue its growth.
% in 2007 to % in 2019. Estonia domestic supply is expected to continue its growth.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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