Middle East: Braces And Garters Market 2024

Braces And Garters Market Size in the Middle East

The Middle Eastern braces and garters market amounted to $X in 2022, surging by X% against the previous year. In general, consumption recorded a resilient increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Braces And Garters Production in the Middle East

In value terms, braces and garters production rose rapidly to $X in 2022 estimated in export price. In general, production saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Braces And Garters Exports

Exports in the Middle East

In 2022, braces and garters exports in the Middle East surged to X units, increasing by X% on the previous year. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, braces and garters exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey prevails in exports structure, reaching X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) and Lebanon (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to braces and garters exports from Turkey stood at X%. At the same time, Lebanon (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey, the United Arab Emirates and Lebanon increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest braces and garters supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Lebanon ($X), with an X% share of total exports.

In Turkey, braces and garters exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lebanon (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, dropping by X% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced a decline in the export price figures.

Braces And Garters Imports

Imports in the Middle East

In 2022, supplies from abroad of braces, suspenders and garters increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, braces and garters imports soared to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the main importer of braces, suspenders and garters in the Middle East, with the volume of imports reaching X units, which was near X% of total imports in 2022. It was distantly followed by Kuwait (X units), Israel (X units), Turkey (X units), Oman (X units) and Iraq (X units), together making up a X% share of total imports. Bahrain (X units) and Jordan (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Oman (X%), Jordan (X%), Kuwait (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Iraq, Oman, Israel and Jordan increased by X, X, X, X and X percentage points, respectively.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Turkey, Jordan, Iraq, Bahrain and Oman lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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