Africa: Braces And Garters Market 2024

Braces And Garters Market Size in Africa

The African braces and garters market shrank slightly to $X in 2022, which is down by -4.1% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Braces And Garters Production in Africa

In value terms, braces and garters production contracted modestly to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.7% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 70%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Braces And Garters Exports

Exports in Africa

In 2022, overseas shipments of braces, suspenders and garters increased by 14% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, braces and garters exports declined slightly to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Morocco prevails in exports structure, accounting for X units, which was near 87% of total exports in 2022. It was distantly followed by Tunisia (X units), committing a 9.2% share of total exports. South Africa (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to braces and garters exports from Morocco stood at +4.8%. At the same time, South Africa (+7.6%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of +7.6% from 2012-2022. By contrast, Tunisia (-3.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Morocco increased by +8.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest braces and garters supplier in Africa, comprising 92% of total exports. The second position in the ranking was held by Tunisia ($X), with a 6.4% share of total exports.

In Morocco, braces and garters exports expanded at an average annual rate of +2.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (-2.1% per year) and South Africa (+2.4% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, falling by -15.2% against the previous year. Overall, the export price saw a mild slump. The pace of growth was the most pronounced in 2021 when the export price increased by 18%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+1.2%), while the other leaders experienced a decline in the export price figures.

Braces And Garters Imports

Imports in Africa

In 2022, imports of braces, suspenders and garters in Africa expanded notably to X units, growing by 8.3% against 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 36% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, braces and garters imports shrank to $X in 2022. Overall, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) and Tunisia (X units) were the main importers of braces, suspenders and garters in Africa, together creating 45% of total imports. Egypt (X units) took a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (9.8%), Morocco (7.2%) and Mayotte (5%). Mauritania (X units), Mauritius (X units), Namibia (X units) and Tanzania (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) constitutes the largest market for imported braces, suspenders and garters in Africa, comprising 40% of total imports. The second position in the ranking was taken by Morocco ($X), with a 13% share of total imports. It was followed by South Africa, with a 12% share.

In Tunisia, braces and garters imports increased at an average annual rate of +20.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (-29.8% per year) and South Africa (+1.8% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, waning by -15% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when the import price increased by 54%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+12.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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