SADC: Braces And Garters Market 2024

Braces And Garters Market Size in SADC

The SADC braces and garters market totaled $X in 2023, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Braces And Garters Production in SADC

In value terms, braces and garters production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Braces And Garters Exports

Exports in SADC

After two years of growth, overseas shipments of braces, suspenders and garters decreased by X% to X units in 2023. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, braces and garters exports totaled $X in 2023. Over the period under review, exports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, reaching X units, which was approx. X% of total exports in 2023. Mauritius (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Zimbabwe (X%). Madagascar (X units) and Lesotho (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to braces and garters exports from South Africa stood at X%. At the same time, Zimbabwe (X%), Lesotho (X%), Madagascar (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Mauritius (X p.p.), Zimbabwe (X p.p.), Madagascar (X p.p.) and Lesotho (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) remains the largest braces and garters supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports. It was followed by Madagascar, with a X% share.

In South Africa, braces and garters exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Mauritius (X% per year) and Madagascar (X% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices stood 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 Madagascar ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lesotho (X%), while the other leaders experienced a decline in the export price figures.

Braces And Garters Imports

Imports in SADC

In 2023, braces and garters imports in SADC shrank slightly to X units, approximately mirroring 2022 figures. Overall, imports recorded a mild descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached 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 expanded modestly to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Tanzania (X units), distantly followed by South Africa (X units) and Botswana (X units) were the largest importers of braces, suspenders and garters, together mixing up X% of total imports. Namibia (X units), Madagascar (X units), Zambia (X units), Mauritius (X units), Angola (X units) and Mozambique (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Madagascar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported braces, suspenders and garters in SADC, comprising X% of total imports. The second position in the ranking was held by Madagascar ($X), with a X% share of total imports. It was followed by Tanzania, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Tanzania (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2023, with an increase of X% against the previous year. Import price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, braces and garters import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform