Western Africa: Braces And Garters Market 2024

Braces And Garters Market Size in Western Africa

The West African braces and garters market surged to $X in 2022, rising by X% against the previous year. Overall, 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 Western Africa

In value terms, braces and garters production skyrocketed to $X in 2022 estimated in export price. In general, production saw buoyant 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.

Braces And Garters Exports

Exports in Western Africa

For the fifth year in a row, Western Africa recorded decline in overseas shipments of braces, suspenders and garters, which decreased by X% to X units in 2022. Over the period under review, exports showed a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, braces and garters exports contracted to $X in 2022. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Guinea (X units), Ghana (X units), Sierra Leone (X units) and Cote d'Ivoire (X units), together reaching X% of total export. Benin (X units) held a minor share of total exports.

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

In value terms, Ghana ($X), Guinea ($X) and Sierra Leone ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price 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, braces and garters export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Braces And Garters Imports

Imports in Western Africa

After two years of growth, supplies from abroad of braces, suspenders and garters decreased by X% to X units in 2022. Over the period under review, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, braces and garters imports shrank slightly to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) was the main importer of braces, suspenders and garters, generating X% of total imports. Mauritania (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%) and Burkina Faso (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mauritania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported braces, suspenders and garters in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with an X% share of total imports. It was followed by Senegal, with an X% share.

In Nigeria, braces and garters imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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