Belt And Bandolier Market Overview in Finland
Market Overview
The Finnish belt and bandolier market rose notably 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.
In value terms, belt and bandolier production expanded markedly to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a significant increase. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. Belt and bandolier production peaked in 2019 and is likely to see gradual growth in the near future.
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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.In value terms, belt and bandolier production expanded markedly to $
in 2019 estimated in export prices. Over the period under review, production continues to indicate a significant increase. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. Belt and bandolier production peaked in 2019 and is likely to see gradual growth in the near future.Consumption
In 2019, the amount of belts and bandoliers consumed in Finland stood at tonnes, remaining stable against the year before. In general, consumption, however, recorded a mild decrease. The pace of growth was the most pronounced in 2008 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the maximum volume at tonnes in 2009; however, from 2010 to 2019, consumption remained at a lower figure.
The size of the belt and bandolier market in Finland rose sharply to $ in 2019, picking up 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). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, the market reached the maximum level at $ in 2009; however, from 2010 to 2019, consumption remained at a lower figure.
tonnes, remaining stable against the year before. In general, consumption, however, recorded a mild decrease. The pace of growth was the most pronounced in 2008 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the maximum volume at tonnes in 2009; however, from 2010 to 2019, consumption remained at a lower figure.The size of the belt and bandolier market in Finland rose sharply to $
in 2019, picking up 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). The market value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, the market reached the maximum level at $ in 2009; however, from 2010 to 2019, consumption remained at a lower figure.Market Forecast
Driven by rising demand for belt and bandolier in Finland, 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. Finland domestic supply is expected to continue its growth.
% in 2007 to % in 2019. Finland domestic supply is expected to continue its growth.Trade Balance
Finland remains a net importer of belt and bandolier; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report