Luxembourg: Braces And Garters Market 2025

Braces And Garters Market Size in Luxembourg

After three years of growth, the Luxembourg braces and garters market decreased by -23.3% to $X in 2022. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then declined rapidly in the following year.

Braces And Garters Exports

Exports from Luxembourg

In 2022, overseas shipments of braces, suspenders and garters increased by 716% to X units, rising for the second year in a row after three years of decline. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 3,082% against the previous year. 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 surged to $X in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 2,183%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for braces and garters exports from Luxembourg, accounting for a 56% share of total exports. Moreover, braces and garters exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was held by France (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+109.1% per year) and France (+44.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for braces, suspenders and garters exports from Luxembourg, comprising 55% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 6.7% share of total exports. It was followed by Belgium, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +65.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+111.6% per year) and Belgium (+18.4% per year).

Export Prices by Country

The average braces and garters export price stood at $X per unit in 2022, surging by 19% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 73%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to the Netherlands ($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 (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Luxembourg

In 2022, the amount of braces, suspenders and garters imported into Luxembourg surged to X units, rising by 19% against the previous year's figure. Overall, imports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 172% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, braces and garters imports surged to $X in 2022. In general, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 148% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Bangladesh (X units) and France (X units) were the main suppliers of braces and garters imports to Luxembourg, with a combined 47% share of total imports. These countries were followed by Vietnam, Germany, Myanmar, the Netherlands, Belgium, the Czech Republic, Spain and Tunisia, which together accounted for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +60.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Bangladesh ($X) appeared to be the largest braces and garters suppliers to Luxembourg, with a combined 57% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +68.5%, saw 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

The average braces and garters import price stood at $X per unit in 2022, growing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2013 when the average import price increased by 39%. The import price peaked at $X per unit in 2015; however, from 2016 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 Vietnam ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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