Eastern Europe: Braces And Garters Market 2024

Braces And Garters Market Size in Eastern Europe

In 2022, after three years of decline, there was significant growth in the East European braces and garters market, when its value increased by 7.2% to $X. In general, consumption, however, saw a slight decrease. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Braces And Garters Production in Eastern Europe

In value terms, braces and garters production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a slight downturn. The growth pace was the most rapid in 2013 when the production volume increased by 47%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Braces And Garters Exports

Exports in Eastern Europe

After four years of growth, overseas shipments of braces, suspenders and garters decreased by -7.7% to X units in 2022. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.0% against 2017 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 55%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, braces and garters exports contracted to $X in 2022. In general, exports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

The Czech Republic (X units) and Poland (X units) represented roughly 62% of total exports in 2022. Romania (X units) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (7.2%) and Latvia (5.4%). Russia (X units) and Ukraine (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +14.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest braces and garters supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Romania ($X), together accounting for 80% of total exports.

Poland, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, reducing by -2.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure 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 origin: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+3.6%), while the other leaders experienced more modest paces of growth.

Braces And Garters Imports

Imports in Eastern Europe

In 2022, overseas purchases of braces, suspenders and garters increased by 14% to X units, rising for the second consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 32%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, braces and garters imports rose markedly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X units), distantly followed by Russia (X units), the Czech Republic (X units), Hungary (X units), Bulgaria (X units), Romania (X units), Ukraine (X units) and Belarus (X units) were the key importers of braces, suspenders and garters, together creating 89% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest braces and garters importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), with a combined 53% share of total imports. Hungary, Belarus, Romania, Ukraine and Bulgaria lagged somewhat behind, together accounting for a further 36%.

Belarus, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, with a decrease of -4.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 16% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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