Colombia - Braces, Suspenders And Garters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBraces and Garters Price in Colombia - 2022
Contents:
- Braces and Garters Price in Colombia (FOB) - 2022
- Braces and Garters Price in Colombia (CIF) - 2022
- Braces and Garters Exports in Colombia
- Braces and Garters Imports in Colombia
Braces and Garters Price in Colombia (FOB) - 2022
In February 2022, the average braces and garters export price amounted to $5.7 per unit, rising by 6.1% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2021 an increase of 14% month-to-month. As a result, the export price reached the peak level of $6.3 per unit. From October 2021 to February 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6.3 per unit), while the average price for exports to Nicaragua ($3.5 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Braces and Garters Price in Colombia (CIF) - 2022
In February 2022, the average braces and garters import price amounted to $3.6 per unit, growing by 38% against the previous month. Over the period under review, the import price saw a remarkable increase. The pace of growth appeared the most rapid in July 2021 an increase of 142% month-to-month. The import price peaked at $4.9 per unit in October 2021; however, from November 2021 to February 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to February 2022, the rate of growth in terms of prices for China amounted to +9.9% per month.
Braces and Garters Exports in Colombia
In 2022, the amount of braces, suspenders and garters exported from Colombia dropped notably to 3.1M units, which is down by -18.3% compared with the previous year's figure. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports reached the peak of 3.8M units, and then contracted rapidly in the following year.
In value terms, braces and garters exports contracted sharply to $16M in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, the exports attained the peak of $21M, and then dropped markedly in the following year.
| Export of Braces and Garters in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.4 | 8.6 | 16.2 | 12.4 | 18.8% |
| Mexico | 2.1 | 1.1 | 1.9 | 1.5 | -10.6% |
| Dominican Republic | 0.3 | 0.3 | 0.9 | 0.7 | 32.6% |
| Chile | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Brazil | 0.4 | 0.2 | 0.1 | 0.2 | -20.6% |
| Peru | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Costa Rica | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Ecuador | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Others | 0.5 | 0.4 | 0.8 | 0.5 | 0.0% |
| Total | 12.0 | 11.4 | 20.9 | 16.2 | 10.5% |
Top Export Markets for Braces and Garters from Colombia in 2022:
- United States (2195.0K units)
- Mexico (371.9K units)
- Costa Rica (78.3K units)
- Chile (76.2K units)
- Peru (71.9K units)
- Dominican Republic (68.4K units)
- Ecuador (57.7K units)
- Brazil (51.6K units)
Braces and Garters Imports in Colombia
Braces and garters imports into Colombia soared to 213K units in 2022, growing by 36% compared with the previous year's figure. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of 270K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, braces and garters imports skyrocketed to $930K in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 80%. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Braces and Garters in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 518 | 1,120 | 522 | 759 | 13.6% |
| Hong Kong SAR | 35.6 | 37.4 | 51.9 | 75.6 | 28.5% |
| Peru | 22.4 | 15.2 | 18.4 | 26.7 | 6.0% |
| Others | 113 | 67.3 | 28.0 | 68.4 | -15.4% |
| Total | 689 | 1,239 | 620 | 930 | 10.5% |
Top Suppliers of Braces and Garters to Colombia in 2022:
- China (186.9K units)
- Hong Kong SAR (10.5K units)
- Peru (8.2K units)
This report provides an in-depth analysis of the braces and garters market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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