Report Update: Apr 1, 2024

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

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Braces and Garters Price in Malaysia - 2021

Braces and Garters Price in Malaysia (CIF) - 2021

The average braces and garters import price stood at $1.9 per unit in December 2021, increasing by 124% against the previous month. Overall, the import price saw notable growth. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 378% month-to-month. The import price peaked at $3.1 per unit in October 2021; however, from November 2021 to December 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($13.3 per unit), while the price for China ($937 per thousand units) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+13.4%), while the prices for the other major suppliers experienced a decline.

Braces and Garters Price in Malaysia (FOB) - 2022

In 2022, the average braces and garters export price amounted to $2.6 per unit, with an increase of 3.2% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, braces and garters export price decreased by -5.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 64% against the previous year. The export price peaked at $2.8 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($22 per unit), while the average price for exports to Brunei Darussalam ($1.7 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 Poland (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Braces and Garters Imports in Malaysia

In 2022, purchases abroad of braces, suspenders and garters decreased by -18.9% to 6.3M units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 655%. Over the period under review, imports hit record highs at 7.7M units in 2021, and then dropped notably in the following year.

In value terms, braces and garters imports contracted sharply to $5.4M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 389% against the previous year. Imports peaked at $6.6M in 2021, and then contracted sharply in the following year.

Import of Braces and Garters in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.4	2.1	5.8	5.0	132.1%
Singapore	0.1	0.8	0.3	N/A	73.2%
Others	0.4	1.3	0.5	0.4	0.0%
Total	0.9	4.2	6.6	5.4	81.7%

Top Suppliers of Braces and Garters to Malaysia in 2022:

China (6.1M units)

Braces and Garters Exports in Malaysia

Braces and garters exports from Malaysia contracted markedly to 826K units in 2022, with a decrease of -32.3% against the year before. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 174% against the previous year. As a result, the exports attained the peak of 1.2M units, and then shrank markedly in the following year.

In value terms, braces and garters exports declined markedly to $2.2M in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 152%. As a result, the exports attained the peak of $3.1M, and then declined remarkably in the following year.

Export of Braces and Garters in Malaysia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	512	411	1,719	1,390	39.5%
Chile	N/A	N/A	N/A	409	0%
Germany	283	167	340	81.1	-34.1%
Philippines	55.2	34.7	302	51.1	-2.5%
Brunei Darussalam	1.1	6.9	35.7	49.9	256.6%
Poland	51.4	3.9	58.8	42.7	-6.0%
Indonesia	69.2	24.0	62.7	N/A	-4.8%
Others	499	598	615	165	-30.8%
Total	1,471	1,245	3,133	2,189	14.2%

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

United States (732.3K units)
Brunei Darussalam (28.8K units)
Chile (18.4K units)
Poland (9.4K units)
Germany (7.1K units)
Philippines (6.6K units)

Source: IndexBox Market Intelligence Platform

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

Malaysia

Data coverage:

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