Kuwait: Braces And Garters Market 2025

Braces And Garters Market Size in Kuwait

After three years of decline, the Kuwaiti braces and garters market increased by 15% to $X in 2022. Overall, consumption, however, showed a abrupt decline. Braces and garters consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Braces And Garters Production in Kuwait

In value terms, braces and garters production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 252% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Braces And Garters Exports

Exports from Kuwait

After two years of growth, shipments abroad of braces, suspenders and garters decreased by -57.9% to X units in 2022. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 303% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, braces and garters exports dropped dramatically to $X in 2022. Overall, exports recorded a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 529%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for braces and garters exports from Kuwait, with a 96% share of total exports. It was followed by Italy (X units), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -10.4%.

In value terms, Italy ($X) and the United Arab Emirates ($X) were the largest markets for braces and garters exported from Kuwait worldwide.

Italy, with a CAGR of -15.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average braces and garters export price amounted to $X per unit, increasing by 69% against the previous year. Overall, the export price, however, saw a pronounced setback. The pace of growth was the most pronounced in 2014 an increase of 73%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Italy ($X per unit), while the average price for exports to the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+56.2%).

Braces And Garters Imports

Imports into Kuwait

In 2022, imports of braces, suspenders and garters into Kuwait declined to X units, which is down by -12.5% compared with the year before. Over the period under review, imports faced a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 112%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, braces and garters imports fell notably to $X in 2022. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 186% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

India (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) were the main suppliers of braces and garters imports to Kuwait, with a combined 66% share of total imports. Turkey, the Czech Republic, the United States, Colombia, China, Syrian Arab Republic, Taiwan (Chinese) and Indonesia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +10.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Saudi Arabia ($X) and India ($X) were the largest braces and garters suppliers to Kuwait, together accounting for 47% of total imports. The United States, Colombia, Turkey, the United Arab Emirates, China, Indonesia, Taiwan (Chinese) and Syrian Arab Republic lagged somewhat behind, together comprising a further 26%.

Syrian Arab Republic, with a CAGR of +12.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average braces and garters import price stood at $X per unit in 2022, with a decrease of -22.9% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, braces and garters import price increased by +4.0% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 82%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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