Austria: Braces And Garters Market 2024

Braces And Garters Market Size in Austria

In 2022, the Austrian braces and garters market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Braces And Garters Production in Austria

In value terms, braces and garters production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 92% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Braces And Garters Exports

Exports from Austria

In 2022, the amount of braces, suspenders and garters exported from Austria fell to X units, shrinking by -14.7% compared with 2021. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, braces and garters exports fell sharply to $X in 2022. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 12%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for braces and garters exports from Austria, accounting for a 36% share of total exports. Moreover, braces and garters exports to Germany exceeded the volume sent to the second major destination, Belgium (X units), twofold. The third position in this ranking was taken by Hungary (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+2.0% per year) and Hungary (-3.2% per year).

In value terms, Germany ($X) remains the key foreign market for braces, suspenders and garters exports from Austria, comprising 34% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by Hungary, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+4.9% per year) and Hungary (-1.9% per year).

Export Prices by Country

In 2022, the average braces and garters export price amounted to $X per unit, which is down by -15.6% against the previous year. Overall, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Austria

In 2022, after three years of decline, there was significant growth in overseas purchases of braces, suspenders and garters, when their volume increased by 5.2% to X units. Overall, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 8.5% against the previous year. Imports 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 fell to $X in 2022. In general, imports, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2017 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest braces and garters supplier to Austria, with a 47% share of total imports. Moreover, braces and garters imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. China (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+19.3% per year) and China (-15.4% per year).

In value terms, Germany ($X) constituted the largest supplier of braces, suspenders and garters to Austria, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total imports. It was followed by Poland, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.3% per year) and Poland (+3.0% per year).

Import Prices by Country

In 2022, the average braces and garters import price amounted to $X per unit, falling by -6.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :