U.S. - Braces, Suspenders And Garters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBraces and Garters Price in the United States - 2023
Contents:
- Braces and Garters Price in the United States (CIF) - 2022
- Braces and Garters Price in the United States (FOB) - 2023
- Braces and Garters Imports in the United States
- Braces and Garters Exports in the United States
Braces and Garters Price in the United States (CIF) - 2022
The average braces and garters import price stood at $2.9 per unit in 2022, with an increase of 18% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was El Salvador ($8.2 per unit), while the price for Malaysia ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Braces and Garters Price in the United States (FOB) - 2023
The average braces and garters export price stood at $3.0 per unit in July 2023, approximately reflecting the previous month. In general, export price indicated a temperate increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, braces and garters export price decreased by -14.1% against May 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 83% month-to-month. As a result, the export price reached the peak level of $3.5 per unit. From October 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($5.6 per unit), while the average price for exports to Mexico totaled $2.4 per unit.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.0%).
Braces and Garters Imports in the United States
In 2022, the amount of braces, suspenders and garters imported into the United States fell to 57M units, declining by -5.5% compared with the previous year's figure. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Over the period under review, imports hit record highs at 70M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, braces and garters imports rose markedly to $163M in 2022. Over the period under review, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +4.1% 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 +61.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Braces and Garters in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.8 | 44.2 | 58.8 | 59.3 | -7.0% |
| Vietnam | 6.4 | 6.2 | 14.2 | 19.0 | 43.7% |
| El Salvador | 7.2 | 4.6 | 10.0 | 12.0 | 18.6% |
| Mexico | 2.6 | 3.9 | 8.8 | 11.3 | 63.2% |
| Colombia | 8.7 | 9.5 | 16.0 | 9.7 | 3.7% |
| Indonesia | 8.7 | 5.3 | 4.6 | 8.3 | -1.6% |
| Turkey | 1.7 | 4.8 | 4.8 | 7.6 | 64.7% |
| Dominican Republic | 6.5 | 3.3 | 4.4 | 6.4 | -0.5% |
| Taiwan (Chinese) | 1.5 | 1.8 | 2.8 | 5.4 | 53.3% |
| Malaysia | 0.6 | 0.4 | 0.5 | 1.0 | 18.6% |
| Others | 26.6 | 16.8 | 21.3 | 22.9 | -4.9% |
| Total | 144 | 101 | 146 | 163 | 4.2% |
Top Suppliers of Braces and Garters to the United States in 2022:
- China (34.5M units)
- Vietnam (3.1M units)
- Mexico (2.9M units)
- Colombia (2.8M units)
- Dominican Republic (2.0M units)
- Taiwan (Chinese) (1.9M units)
- El Salvador (1.5M units)
- Indonesia (1.4M units)
- Turkey (1.0M units)
- Malaysia (0.9M units)
Braces and Garters Exports in the United States
For the fourth consecutive year, the United States recorded growth in overseas shipments of braces, suspenders and garters, which increased by 2.5% to 30M units in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 181%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, braces and garters exports totaled $66M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 133%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Braces and Garters in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 0.7 | 24.3 | 50.5 | 52.7 | 322.3% |
| Canada | 4.6 | 3.1 | 4.2 | 4.2 | -3.0% |
| United Kingdom | 1.6 | 1.1 | 2.1 | 1.5 | -2.1% |
| Others | 7.3 | 4.6 | 6.3 | 7.9 | 2.7% |
| Total | 14.2 | 33.1 | 63.1 | 66.3 | 67.1% |
Top Export Markets for Braces and Garters from the United States in 2022:
- Mexico (27.5M units)
- Canada (0.8M units)
- United Kingdom (0.2M units)
This report provides an in-depth analysis of the braces and garters market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
-
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
-
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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