Kuwait: Braces And Garters Market 2024

Braces And Garters Market Size in Kuwait

After two years of growth, the Kuwaiti braces and garters market decreased by X% to $X in 2023. Overall, consumption, however, recorded a remarkable increase. Braces and garters consumption peaked at $X in 2022, and then reduced in the following year.

Braces And Garters Production in Kuwait

In value terms, braces and garters production expanded sharply to $X in 2023 estimated in export price. Overall, production recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Braces and garters production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Braces And Garters Exports

Exports from Kuwait

After two years of growth, overseas shipments of braces, suspenders and garters decreased by X% to X units in 2023. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, braces and garters exports reduced markedly to $X in 2023. Overall, exports, however, posted mild growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for braces and garters exports from Kuwait, with a X% share of total exports. Moreover, braces and garters exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold.

From 2012 to 2023, the average annual growth rate of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the Netherlands (X% per year).

In value terms, Qatar ($X) remains the key foreign market for braces, suspenders and garters exports from Kuwait, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average braces and garters export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, saw measured growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced a decline.

Braces And Garters Imports

Imports into Kuwait

After two years of growth, supplies from abroad of braces, suspenders and garters decreased by X% to X units in 2023. Over the period under review, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2022 with an increase of X%. Imports peaked at X units in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, braces and garters imports contracted remarkably to $X in 2023. In general, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

India (X units), the United Arab Emirates (X units) and China (X units) were the main suppliers of braces and garters imports to Kuwait, with a combined X% share of total imports. The United States, Colombia, Turkey, Syrian Arab Republic, Vietnam, Indonesia, Myanmar, Iran, Bangladesh and Madagascar lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest braces and garters suppliers to Kuwait were India ($X), the United States ($X) and Colombia ($X), together accounting for X% of total imports. Turkey, the United Arab Emirates, China, Madagascar, Vietnam, Indonesia, Myanmar, Bangladesh, Syrian Arab Republic and Iran lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average braces and garters import price stood at $X per unit in 2023, leveling off at the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform