Hong Kong SAR, China: Braces And Garters Market 2024

Braces And Garters Market Size in Hong Kong SAR, China

For the third consecutive year, the Hong Kong braces and garters market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption showed a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Braces And Garters Production in Hong Kong SAR, China

In value terms, braces and garters production soared to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Braces And Garters Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of braces, suspenders and garters were exported from Hong Kong SAR; waning by X% compared with 2021 figures. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, braces and garters exports contracted markedly to $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), Vietnam (X units) and China (X units) were the main destinations of braces and garters exports from Hong Kong SAR, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for braces and garters exported from Hong Kong SAR were Indonesia ($X), Vietnam ($X) and China ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average braces and garters export price amounted to $X per unit, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per unit) and Vietnam ($X per unit), while the average price for exports to Bangladesh ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Hong Kong SAR, China

In 2022, braces and garters imports into Hong Kong SAR fell markedly to X units, waning by X% on the previous year's figure. In general, imports recorded a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, braces and garters imports declined significantly to $X in 2022. Overall, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of braces and garters to Hong Kong SAR, accounting for a X% share of total imports. Moreover, braces and garters imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of braces, suspenders and garters to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average braces and garters import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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