Southern Asia: Braces And Garters Market 2024

Braces And Garters Market Size in Southern Asia

The South Asian braces and garters market rose to $X in 2023, with an increase of X% against the previous year. Overall, consumption showed a buoyant increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Braces And Garters Production in Southern Asia

In value terms, braces and garters production rose markedly to $X in 2023 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Braces And Garters Exports

Exports in Southern Asia

In 2023, exports of braces, suspenders and garters in Southern Asia declined to X units, dropping by X% compared with 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, braces and garters exports dropped dramatically to $X in 2023. Total exports indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of export peaked at $X in 2022, and then declined significantly in the following year.

Exports by Country

Bangladesh was the largest exporter of braces, suspenders and garters in Southern Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2023. Sri Lanka (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%) and Pakistan (X%).

Bangladesh was also the fastest-growing in terms of the braces, suspenders and garters exports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics. 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 a X% share.

In Bangladesh, braces and garters exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: 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 2023, waning by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, 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

Braces and garters imports dropped sharply to X units in 2023, reducing by X% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, braces and garters imports contracted rapidly to $X in 2023. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Sri Lanka was the key importer of braces, suspenders and garters in Southern Asia, with the volume of imports accounting for X units, which was near X% of total imports in 2023. It was distantly followed by Bangladesh (X units) and India (X units), together committing a X% share of total imports. Nepal (X units) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nepal (with a CAGR of X%), while imports 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 accounting for X% of total imports. These countries were followed by Nepal, which accounted for a further X%.

Nepal, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Bangladesh ($X per unit) and India ($X per unit), while Sri Lanka ($X per unit) and Nepal ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform