Central Asia: Braces And Garters Market 2024

Braces And Garters Market Size in Central Asia

The Central Asian braces and garters market rose remarkably to $X in 2023, growing by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. The level of consumption peaked in 2023 and is likely to see gradual growth in the near future.

Braces And Garters Production in Central Asia

In value terms, braces and garters production expanded significantly to $X in 2023 estimated in export price. In general, production recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Braces And Garters Exports

Exports in Central Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of braces, suspenders and garters, when their volume decreased by X% to X units. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2022, and then contracted dramatically in the following year.

In value terms, braces and garters exports dropped significantly to $X in 2023. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

Uzbekistan represented the main exporter of braces, suspenders and garters in Central Asia, with the volume of exports finishing at X units, which was approx. X% of total exports in 2023. It was distantly followed by Kyrgyzstan (X units), mixing up a X% share of total exports. Kazakhstan (X units) followed a long way behind the leaders.

Uzbekistan was also the fastest-growing in terms of the braces, suspenders and garters exports, with a CAGR of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, the largest braces and garters supplying countries in Central Asia were Kyrgyzstan ($X), Uzbekistan ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

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

Braces And Garters Imports

Imports in Central Asia

In 2023, supplies from abroad of braces, suspenders and garters increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, braces and garters imports skyrocketed to $X in 2023. Overall, imports continue to indicate tangible growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan was the key importing country with an import of around X units, which reached X% of total imports. Kyrgyzstan (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%). The following importers - Tajikistan (X units) and Mongolia (X units) - each finished at a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to braces and garters imports into Kazakhstan stood at X%. At the same time, Tajikistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Kyrgyzstan (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported braces, suspenders and garters in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

In Kazakhstan, braces and garters imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per unit, with an increase of X% against the previous year. In general, the import price continues to indicate a mild increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform