Bulgaria: Braces And Garters Market 2025

Braces And Garters Market Size in Bulgaria

In 2022, the Bulgarian braces and garters market decreased by -17.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Braces And Garters Production in Bulgaria

In value terms, braces and garters production surged to $X in 2022 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 with an increase of 282%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Braces And Garters Exports

Exports from Bulgaria

Braces and garters exports from Bulgaria amounted to X units in 2022, picking up by 7.3% compared with the year before. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 15,002%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, braces and garters exports stood at $X in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 2,485% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X units), Germany (X units) and Albania (X units) were the main destinations of braces and garters exports from Bulgaria, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +88.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for braces and garters exported from Bulgaria were Austria ($X), Germany ($X) and Greece ($X), with a combined 90% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +124.6%, saw the highest growth rate of 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 average braces and garters export price stood at $X per unit in 2022, declining by -6.6% against the previous year. In general, the export price, however, showed pronounced growth. The growth pace was the most rapid in 2017 when the average export price increased by 266% against the previous year. The export price 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 destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Albania ($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 Romania (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in supplies from abroad of braces, suspenders and garters, when their volume decreased by -15% to X units. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2013 when imports increased by 1,504%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, braces and garters imports surged to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +65.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 80% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Greece (X units) and Turkey (X units) were the main suppliers of braces and garters imports to Bulgaria, together comprising 57% of total imports. Poland, Belgium, Germany and Romania lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +69.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Greece ($X) constituted the largest braces and garters suppliers to Bulgaria, with a combined 43% share of total imports. These countries were followed by Poland, Germany, Belgium and Romania, which together accounted for a further 33%.

Among the main suppliers, Poland, with a CAGR of +57.5%, recorded the highest rates of growth with regard to 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

In 2022, the average braces and garters import price amounted to $X per unit, surging by 40% against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 344%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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