Report Update: May 1, 2024

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

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Braces and Garters Price in Russia - 2022

Braces and Garters Price in Russia (CIF) - 2022

The average braces and garters import price stood at $3.9 per unit in January 2022, growing by 33% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2021 an increase of 39% m-o-m. The import price peaked in January 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($8.4 per unit), while the price for Pakistan ($1.0 per unit) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Braces and Garters Price in Russia (FOB) - 2022

The average braces and garters export price stood at $1.5 per unit in 2022, surging by 18% against the previous year. Overall, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $3.9 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($4.7 per unit), while the average price for exports to Belarus ($0.7 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 Kazakhstan (+6.1%), while the prices for the other major destinations experienced a decline.

Braces and Garters Imports in Russia

In 2022, imports of braces, suspenders and garters into Russia rose markedly to 2.3M units, with an increase of 10% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. As a result, imports attained the peak of 2.6M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, braces and garters imports reduced to $6M in 2022. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked at $6.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Braces and Garters in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,967	2,156	1,874	3,231	18.0%
Latvia	959	426	627	602	-14.4%
Belarus	1,014	956	1,078	553	-18.3%
Sri Lanka	103	9.3	165	520	71.5%
Kyrgyzstan	2.5	N/A	20.1	272	377.4%
Italy	416	276	163	216	-19.6%
Germany	1,124	761	1,502	214	-42.5%
Others	1,046	823	1,166	395	-27.7%
Total	6,632	5,407	6,596	6,002	-3.3%

Top Suppliers of Braces and Garters to Russia in 2022:

China (1200.7K units)
Latvia (393.7K units)
Belarus (339.8K units)
Kyrgyzstan (128.7K units)
Sri Lanka (94.8K units)
Germany (43.0K units)
Italy (28.7K units)

Braces and Garters Exports in Russia

In 2022, the amount of braces, suspenders and garters exported from Russia reduced remarkably to 374K units, waning by -21.5% against the previous year's figure. In general, total exports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% 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 +31.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 68%. As a result, the exports reached the peak of 477K units, and then declined rapidly in the following year.

In value terms, braces and garters exports contracted to $566K in 2022. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at $826K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Braces and Garters in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kazakhstan	327	176	260	332	0.5%
Belarus	414	216	249	213	-19.9%
Others	85.6	126	104	21.3	-37.1%
Total	826	519	613	566	-11.8%

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

Belarus (294.9K units)
Kazakhstan (70.5K units)

Source: IndexBox Market Intelligence Platform

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

Russia

Data coverage:

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