Malaysia: Braces And Garters Market 2025

Braces And Garters Market Size in Malaysia

After two years of growth, the Malaysian braces and garters market decreased by -22.1% to $X in 2022. In general, consumption showed a relatively flat trend pattern. Braces and garters consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Braces And Garters Production in Malaysia

In value terms, braces and garters production reduced dramatically to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36%. Braces and garters production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Braces And Garters Exports

Exports from Malaysia

In 2022, exports of braces, suspenders and garters from Malaysia dropped sharply to X units, reducing by -32.3% compared with 2021. Overall, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 174% against the previous year. As a result, the exports attained the peak of X units, and then contracted significantly in the following year.

In value terms, braces and garters exports dropped remarkably to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2018 with an increase of 185% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for braces and garters exports from Malaysia, with a 89% share of total exports. Moreover, braces and garters exports to the United States exceeded the volume sent to the second major destination, Brunei Darussalam (X units), more than tenfold. The third position in this ranking was taken by Chile (X units), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+29.7% per year) and Chile (+54.3% per year).

In value terms, the United States ($X) remains the key foreign market for braces, suspenders and garters exports from Malaysia, comprising 64% of total exports. The second position in the ranking was taken by Chile ($X), with a 19% share of total exports. It was followed by Germany, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+56.0% per year) and Germany (+1.7% per year).

Export Prices by Country

In 2022, the average braces and garters export price amounted to $X per unit, growing by 3.2% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 export price decreased by -5.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 64%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Chile ($X per unit), while the average price for exports to Brunei Darussalam ($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 Poland (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Malaysia

After two years of growth, purchases abroad of braces, suspenders and garters decreased by -18.9% to X units in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 655%. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, braces and garters imports reduced sharply to $X in 2022. Over the period under review, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of 389% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of braces and garters to Malaysia, accounting for a 97% share of total imports. It was followed by Hong Kong SAR (X units), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-11.1% per year) and Japan (-10.9% per year).

In value terms, China ($X) constituted the largest supplier of braces, suspenders and garters to Malaysia, comprising 92% of total imports. The second position in the ranking was taken by Japan ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-22.7% per year) and Hong Kong SAR (-21.8% per year).

Import Prices by Country

In 2022, the average braces and garters import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2013 an increase of 23%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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