Central Asia: Braces And Garters Market 2024

Braces And Garters Market Size in Central Asia

The Central Asian braces and garters market contracted dramatically to $X in 2022, waning by -38.9% against the previous year. In general, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Braces And Garters Production in Central Asia

In value terms, braces and garters production reduced slightly to $X in 2022 estimated in export price. In general, production, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 55%. 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 Central Asia

In 2022, overseas shipments of braces, suspenders and garters increased by 364% to X units, rising for the second year in a row after two years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,550%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, braces and garters exports surged to $X in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,827%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Uzbekistan (X units) and Kyrgyzstan (X units) represented the largest exporter of braces, suspenders and garters in Central Asia, comprising 100% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (with a CAGR of +310.6%).

In value terms, Kyrgyzstan ($X) and Uzbekistan ($X) constituted the countries with the highest levels of exports in 2022.

Uzbekistan, with a CAGR of +250.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, jumping by 44% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 154%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 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 Kyrgyzstan ($X per unit), while Uzbekistan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+19.2%).

Braces And Garters Imports

Imports in Central Asia

In 2022, overseas purchases of braces, suspenders and garters decreased by -27.6% to X units, falling for the fourth consecutive year after four years of growth. Over the period under review, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 220% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, braces and garters imports fell to $X in 2022. Overall, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 183% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kazakhstan represented the main importer of braces, suspenders and garters in Central Asia, with the volume of imports accounting for X units, which was near 49% of total imports in 2022. Kyrgyzstan (X units) ranks second in terms of the total imports with a 29% share, followed by Uzbekistan (18%). Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +7.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Kazakhstan ($X) constitutes the largest market for imported braces, suspenders and garters in Central Asia, comprising 84% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with an 8.1% share of total imports. It was followed by Uzbekistan, with a 5.6% share.

In Kazakhstan, braces and garters imports increased at an average annual rate of +4.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+7.1% per year) and Uzbekistan (+18.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, increasing by 19% against the previous year. Over the period under review, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 146%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+35.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :