SADC: Braces And Garters Market 2024

Braces And Garters Market Size in SADC

The SADC braces and garters market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Braces And Garters Production in SADC

In value terms, braces and garters production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The growth pace was the most rapid 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.

Braces And Garters Exports

Exports in SADC

In 2022, approx. X units of braces, suspenders and garters were exported in SADC; with an increase of X% compared with the year before. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, braces and garters exports reduced dramatically to $X in 2022. In general, exports recorded a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Mauritius (X units), generating a X% share of total exports. Lesotho (X units) held a minor share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Lesotho (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Mauritius (X p.p.) and Lesotho (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest braces and garters supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Mauritius ($X), with a X% share of total exports.

In South Africa, braces and garters exports increased 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: Mauritius (X% per year) and Lesotho (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, declining by X% against the previous year. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Lesotho ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Braces And Garters Imports

Imports in SADC

In 2022, the amount of braces, suspenders and garters imported in SADC surged to X units, jumping by X% against the previous year. Total imports indicated slight growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, braces and garters imports rose slightly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. 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 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of braces and garters imports in 2022 were Angola (X units), Tanzania (X units), South Africa (X units) and Madagascar (X units), together resulting at X% of total import. Mauritius (X units), Namibia (X units), Mozambique (X units), Malawi (X units), Botswana (X units) and Zambia (X units) took a relatively small share of total imports.

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

In value terms, South Africa ($X) constitutes the largest market for imported braces, suspenders and garters in SADC, comprising X% of total imports. The second position in the ranking was held by Madagascar ($X), with a X% share of total imports. It was followed by Mauritius, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, 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 South Africa ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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