Report Update: May 1, 2024

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

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Braces and Garters Price in Bulgaria - 2023

Braces and Garters Price in Bulgaria (FOB) - 2023

In June 2023, the average braces and garters export price amounted to $4.9 per unit, dropping by -4.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 35% m-o-m. As a result, the export price reached the peak level of $5.7 per unit. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Austria ($5.5 per unit), while the average price for exports to Armenia ($2.2 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Braces and Garters Price in Bulgaria (CIF) - 2022

In 2022, the average braces and garters import price amounted to $0.8 per unit, jumping by 40% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 344% against the previous year. Over the period under review, average import prices hit record highs at $2.5 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1.3 per unit), while the price for Greece ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.4%), while the prices for the other major suppliers experienced a decline.

Braces and Garters Exports in Bulgaria

In 2022, the amount of braces, suspenders and garters exported from Bulgaria reached 302K units, increasing by 7.3% compared with 2021. Over the period under review, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. The exports peaked at 410K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, braces and garters exports totaled $1.3M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Braces and Garters in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Austria	695	771	613	694	-0.0%
Germany	2.2	N/A	479	396	464.6%
Greece	108	70.7	82.7	48.2	-23.6%
Denmark	14.9	27.2	25.0	25.8	20.1%
Serbia	N/A	N/A	4.2	25.0	495.2%
Albania	N/A	2.5	9.8	16.1	153.8%
Italy	27.7	0.6	2.1	12.1	-24.1%
Others	101	20.2	49.7	51.5	-20.1%
Total	949	893	1,266	1,269	10.2%

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

Austria (147.2K units)
Germany (97.0K units)
Albania (12.9K units)
Serbia (12.0K units)
Greece (10.6K units)
Denmark (6.8K units)
Italy (5.5K units)

Braces and Garters Imports in Bulgaria

In 2022, after three years of growth, there was significant decline in purchases abroad of braces, suspenders and garters, when their volume decreased by -15% to 1.4M units. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. As a result, imports reached the peak of 1.6M units, and then shrank in the following year.

In value terms, braces and garters imports soared to $1.2M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Import of Braces and Garters in Bulgaria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	145	40.5	164	195	10.4%
Turkey	74.5	82.3	75.8	159	28.7%
Greece	142	61.2	193	139	-0.7%
Poland	28.8	31.1	37.0	134	66.9%
Germany	152	132	127	103	-12.2%
Belgium	79.6	42.7	42.6	102	8.6%
Romania	20.0	26.2	20.3	45.7	31.7%
Spain	31.8	62.5	19.7	42.2	9.9%
Italy	26.9	35.7	130	31.4	5.3%
Others	280	185	158	203	-10.2%
Total	981	699	967	1,154	5.6%

Top Suppliers of Braces and Garters to Bulgaria in 2022:

China (302.8K units)
Greece (269.2K units)
Turkey (220.0K units)
Poland (103.7K units)
Belgium (97.1K units)
Germany (78.1K units)
Romania (70.7K units)
Spain (42.1K units)
Italy (35.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the braces and garters market in Bulgaria. 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:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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