Southern Asia: Braces And Garters Market 2024

Braces And Garters Market Size in Southern Asia

The South Asian braces and garters market rose rapidly to $X in 2022, growing by X% against the previous year. In general, consumption posted a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Braces And Garters Production in Southern Asia

In value terms, braces and garters production rose markedly to $X in 2022 estimated in export price. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Braces And Garters Exports

Exports in Southern Asia

Braces and garters exports soared to X units in 2022, jumping by X% against 2021 figures. Over the period under review, exports saw modest growth. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, braces and garters exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bangladesh represented the major exporter of braces, suspenders and garters in Southern Asia, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. India (X units) took the second position in the ranking, followed by Sri Lanka (X units). All these countries together took near X% share of total exports. Pakistan (X units) took a minor share of total exports.

Bangladesh was also the fastest-growing in terms of the braces, suspenders and garters exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bangladesh and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) remains the largest braces and garters supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports. It was followed by India, with an X% share.

In Bangladesh, braces and garters exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and India (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

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

Braces And Garters Imports

Imports in Southern Asia

In 2022, approx. X units of braces, suspenders and garters were imported in Southern Asia; approximately reflecting 2021. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, braces and garters imports fell to $X in 2022. Over the period under review, imports recorded noticeable growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sri Lanka (X units) and Bangladesh (X units) represented the key importers of braces, suspenders and garters in Southern Asia, together reaching approx. X% of total imports. It was distantly followed by India (X units), creating a X% share of total imports. Nepal (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest braces and garters importing markets in Southern Asia were Sri Lanka ($X), Bangladesh ($X) and India ($X), together comprising X% of total imports. Nepal lagged somewhat behind, accounting for a further X%.

Among the main importing countries, Nepal, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Southern Asia amounted to $X per unit, falling by X% against the previous year. In general, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bangladesh ($X per unit) and Nepal ($X per unit), while Sri Lanka ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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