Australia and Oceania: Braces And Garters Market 2024

Braces And Garters Market Size in Australia and Oceania

In 2023, after three years of growth, there was decline in the braces and garters market in Australia and Oceania, when its value decreased by X% to $X. The total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Braces And Garters Production in Australia and Oceania

In value terms, braces and garters production expanded to $X in 2023 estimated in export price. Over the period under review, production saw buoyant growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Braces And Garters Exports

Exports in Australia and Oceania

In 2023, the amount of braces, suspenders and garters exported in Australia and Oceania declined significantly to X units, which is down by X% compared with 2022. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, braces and garters exports reduced sharply to $X in 2023. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then declined remarkably in the following year.

Exports by Country

Australia prevails in exports structure, accounting for X units, which was near X% of total exports in 2023. It was distantly followed by New Zealand (X units), making up a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) remains the largest braces and garters supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia amounted to X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2023, almost unchanged from the previous year. Over the period under review, the export price saw temperate growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Braces And Garters Imports

Imports in Australia and Oceania

In 2023, after two years of growth, there was significant decline in overseas purchases of braces, suspenders and garters, when their volume decreased by X% to X units. Over the period under review, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, braces and garters imports shrank remarkably to $X in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

Australia prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2023. The following importers - New Zealand (X units) and French Polynesia (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to braces and garters imports into Australia stood at X%. At the same time, French Polynesia (X%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of French Polynesia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported braces, suspenders and garters in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Australia amounted to X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and French Polynesia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2023, surging by X% against the previous year. Overall, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while French Polynesia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform