GCC: Braces And Garters Market 2024

Braces And Garters Market Size in GCC

The GCC braces and garters market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption continues to indicate a prominent increase. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Braces And Garters Production in GCC

In value terms, braces and garters production reached $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Braces And Garters Exports

Exports in GCC

In 2022, after four years of decline, there was significant growth in overseas shipments of braces, suspenders and garters, when their volume increased by X% to X units. Overall, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, braces and garters exports surged to $X in 2022. In general, exports showed a measured increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was near X% of total exports in 2022. Kuwait (X units) took a little share of total exports.

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

In value terms, the United Arab Emirates ($X) remains the largest braces and garters supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, braces and garters exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 Kuwait ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Braces And Garters Imports

Imports in GCC

In 2022, the amount of braces, suspenders and garters imported in GCC surged to X units, jumping by X% against the previous year's figure. In general, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, braces and garters imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate temperate growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) was the major importer of braces, suspenders and garters, generating X% of total imports. It was distantly followed by Kuwait (X units), Oman (X units), Bahrain (X units) and Qatar (X units), together constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to braces and garters imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Qatar (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Bahrain ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Kuwait, with a CAGR of X%, recorded 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 GCC stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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