Safety Headgear Market Overview in CIS
In value terms, safety headgear production amounted to $ in 2018 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the production volume increased by % y-o-y. The level of production peaked at $ in 2012; however, from 2013 to 2018, production remained at a lower figure.
Russia ( units) constituted the country with the largest volume of safety headgear production, accounting for % of total volume. Moreover, safety headgear production in Russia exceeded the figures recorded by the second-largest producer, Belarus ( units), more than tenfold.
From 2007 to 2018, the average annual growth rate of volume in Russia stood at +%.
The value of the safety headgear market in the CIS stood at $ in 2018, with an increase of % 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 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Over the period under review, the market hit record highs in 2018 and is expected to retain growth in years to come.
From 2007 to 2018, the average annual rate of growth in terms of volume in Russia stood at +%.
In value terms, Russia ($) led the market, alone. The second position in the ranking was occupied by Belarus ($).
In Russia, the safety headgear market expanded at an average annual rate of +% over the period from 2007-2018.
The countries with the highest levels of safety headgear per capita consumption in 2018 were Russia ( units per persons) and Belarus ( units per persons).
From 2007 to 2018, the biggest increases were in Russia.