Report Update: May 1, 2024

Belgium - Braces, Suspenders And Garters - Market Analysis, Forecast, Size, Trends And Insights

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Braces and Garters Price in Belgium - 2023

Braces and Garters Price in Belgium (CIF) - 2023

In June 2023, the average braces and garters import price amounted to $5.4 per unit, with an increase of 4.6% against the previous month. In general, import price indicated a noticeable increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, braces and garters import price increased by +97.1% against February 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 49% m-o-m. The import price peaked in June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($7.1 per unit), while the price for France ($2.4 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Braces and Garters Price in Belgium (FOB) - 2022

In 2022, the average braces and garters export price amounted to $3.6 per unit, with an increase of 17% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average export price increased by 37% against the previous year. As a result, the export price attained the peak level of $4.9 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($13 per unit), while the average price for exports to Italy ($1.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+21.7%), while the prices for the other major destinations experienced mixed trend patterns.

Braces and Garters Imports in Belgium

In 2022, purchases abroad of braces, suspenders and garters decreased by -8.8% to 2.8M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 12% against the previous year. Imports peaked at 3.1M units in 2021, and then declined in the following year.

In value terms, braces and garters imports expanded remarkably to $10M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Braces and Garters in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	1.9	1.8	2.9	4.0	28.2%
China	0.8	1.7	1.9	3.0	55.4%
Germany	1.1	1.1	1.6	0.8	-10.1%
France	0.8	0.8	1.0	0.6	-9.1%
Indonesia	N/A	0.9	0.4	0.4	-33.3%
Czech Republic	0.5	0.2	0.4	0.3	-15.7%
India	0.1	0.1	0.1	0.2	26.0%
Others	0.9	1.1	1.0	1.1	6.9%
Total	6.2	7.7	9.4	10.4	18.8%

Top Suppliers of Braces and Garters to Belgium in 2022:

China (746.9K units)
Netherlands (736.2K units)
Germany (329.7K units)
India (253.3K units)
France (195.4K units)
Czech Republic (183.3K units)
Indonesia (96.1K units)

Braces and Garters Exports in Belgium

After three years of growth, overseas shipments of braces, suspenders and garters decreased by -52.9% to 632K units in 2022. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 355%. Over the period under review, the exports reached the maximum at 1.3M units in 2021, and then contracted markedly in the following year.

In value terms, braces and garters exports reduced notably to $2.3M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 233% against the previous year. Over the period under review, the exports attained the maximum at $4.2M in 2021, and then fell markedly in the following year.

Export of Braces and Garters in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	80.3	296	247	1,129	141.4%
Netherlands	161	668	706	378	32.9%
France	93.0	570	699	184	25.5%
Canada	60.3	187	373	114	23.7%
Italy	20.2	71.9	128	112	77.0%
Sweden	97.9	405	550	85.2	-4.5%
United Kingdom	102	357	71.7	9.3	-55.0%
China	154	252	24.5	7.5	-63.5%
Others	318	809	1,392	283	-3.8%
Total	1,086	3,615	4,191	2,301	28.4%

Top Export Markets for Braces and Garters from Belgium in 2022:

Germany (292.5K units)
France (88.6K units)
Netherlands (63.7K units)
Italy (57.9K units)
Canada (49.3K units)
Sweden (23.9K units)
United Kingdom (1.9K units)
China (1.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the braces and garters market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 14142570 - Braces, suspenders, garters and similar articles and parts thereof

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023