Turkey - Braces, Suspenders And Garters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBraces and Garters Price in Turkey - 2023
Contents:
- Braces and Garters Price in Turkey (FOB) - 2023
- Braces and Garters Price in Turkey (CIF) - 2023
- Braces and Garters Exports in Turkey
- Braces and Garters Imports in Turkey
Braces and Garters Price in Turkey (FOB) - 2023
In July 2023, the average braces and garters export price amounted to $957 per thousand units, falling by -24.2% against the previous month. Over the period under review, the export price, however, posted a slight increase. The growth pace was the most rapid in April 2023 an increase of 49% m-o-m. As a result, the export price attained the peak level of $2.0 per unit. From May 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($5.1 per unit), while the average price for exports to Albania ($247 per thousand units) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Braces and Garters Price in Turkey (CIF) - 2023
In July 2023, the average braces and garters import price amounted to $5.5 per unit, with an increase of 42% against the previous month. Over the period under review, import price indicated a modest expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.3% 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 import price increased by +21.5% against April 2023 indices. The growth pace was the most rapid in April 2023 an increase of 52% against the previous month. Over the period under review, average import prices hit record highs in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($11.5 per unit), while the price for Germany ($1.2 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Braces and Garters Exports in Turkey
In 2022, approx. 6.4M units of braces, suspenders and garters were exported from Turkey; rising by 19% against the previous year. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% 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 +85.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, braces and garters exports surged to $5.8M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +53.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 27%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Braces and Garters in Turkey (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 6.9 | 51.7 | 39.4 | 404 | 288.3% |
Israel | 193 | 164 | 633 | 375 | 24.8% |
Germany | 230 | 216 | 643 | 349 | 14.9% |
Egypt | 174 | 91.6 | 355 | 346 | 25.8% |
Jordan | 279 | 50.9 | 91.2 | 337 | 6.5% |
Serbia | 161 | 106 | 172 | 213 | 9.8% |
Bosnia and Herzegovina | 24.9 | 85.0 | 132 | 186 | 95.5% |
Ukraine | 61.1 | 69.8 | 79.0 | 180 | 43.4% |
Romania | 109 | 66.2 | 180 | 143 | 9.5% |
Algeria | 89.3 | 54.6 | 56.9 | 141 | 16.4% |
Iraq | 138 | 132 | 43.8 | 133 | -1.2% |
Albania | 5.7 | 125 | 288 | 98.8 | 158.8% |
Iran | 66.6 | 6.9 | 34.2 | 48.1 | -10.3% |
Others | 2,733 | 2,596 | 2,085 | 2,888 | 1.9% |
Total | 4,272 | 3,816 | 4,833 | 5,841 | 11.0% |
Top Export Markets for Braces and Garters from Turkey in 2022:
- Serbia (621.0K units)
- Algeria (567.5K units)
- Israel (506.1K units)
- Jordan (457.9K units)
- Bosnia and Herzegovina (416.7K units)
- Ukraine (328.5K units)
- Romania (231.5K units)
- Germany (192.9K units)
- Egypt (190.8K units)
- Iraq (180.6K units)
- Iran (177.5K units)
- Albania (176.3K units)
- Qatar (173.3K units)
Braces and Garters Imports in Turkey
In 2022, imports of braces, suspenders and garters into Turkey surged to 396K units, with an increase of 56% against the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, braces and garters imports soared to $1.7M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +68.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Braces and Garters in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 5.7 | 114 | 415 | 486 | 340.1% |
China | 372 | 298 | 249 | 389 | 1.5% |
Germany | 289 | 103 | 75.5 | 186 | -13.7% |
Sri Lanka | 81.5 | 75.4 | 56.0 | 141 | 20.0% |
Vietnam | 1.9 | 15.7 | 40.4 | 88.0 | 259.1% |
Spain | 35.1 | 63.2 | 96.3 | 70.1 | 25.9% |
India | 3.8 | N/A | 8.7 | 65.3 | 158.1% |
Tunisia | 89.9 | 50.8 | 22.1 | 25.8 | -34.0% |
Bangladesh | 44.6 | 32.5 | 14.9 | 25.1 | -17.4% |
Others | 133 | 253 | 217 | 213 | 17.0% |
Total | 1,056 | 1,006 | 1,194 | 1,689 | 16.9% |
Top Suppliers of Braces and Garters to Turkey in 2022:
- China (126.2K units)
- Poland (66.0K units)
- India (59.8K units)
- Germany (55.6K units)
- Sri Lanka (19.2K units)
- Spain (14.4K units)
- Vietnam (8.9K units)
- Bangladesh (5.7K units)
- Tunisia (4.9K units)
This report provides an in-depth analysis of the braces and garters market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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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
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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
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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
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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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