Canada: Braces And Garters Market 2025

Braces And Garters Market Size in Canada

The Canadian braces and garters market expanded markedly to $X in 2022, surging by 7.7% against the previous year. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.9% against 2019 indices. Braces and garters consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Braces And Garters Production in Canada

In value terms, braces and garters production expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +20.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 88% against the previous year. Braces and garters production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Braces And Garters Exports

Exports from Canada

In 2022, braces and garters exports from Canada surged to X units, picking up by 23% against the previous year. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 23% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, braces and garters exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. 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

The United States (X units) was the main destination for braces and garters exports from Canada, with a 75% share of total exports. Moreover, braces and garters exports to the United States exceeded the volume sent to the second major destination, the UK (X units), sevenfold. Costa Rica (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-4.1% per year) and Costa Rica (+176.0% per year).

In value terms, the United States ($X) remains the key foreign market for braces, suspenders and garters exports from Canada, comprising 75% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by Costa Rica, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.6% per year) and Costa Rica (+192.1% per year).

Export Prices by Country

In 2022, the average braces and garters export price amounted to $X per unit, declining by -4.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and Costa Rica ($X per unit), while the average price for exports to Germany ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Canada

In 2022, imports of braces, suspenders and garters into Canada totaled X units, increasing by 15% against 2021 figures. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, braces and garters imports stood at $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of braces and garters to Canada, with a 44% share of total imports. Moreover, braces and garters imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was held by the United States (X units), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+15.0% per year) and the United States (+2.3% per year).

In value terms, China ($X) constituted the largest supplier of braces, suspenders and garters to Canada, comprising 44% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total imports. It was followed by the United States, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+15.6% per year) and the United States (+2.9% per year).

Import Prices by Country

The average braces and garters import price stood at $X per unit in 2022, reducing by -3.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Mexico ($X per unit), while the price for Thailand ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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