MENA: Braces And Garters Market 2025

Braces And Garters Market Size in MENA

The MENA's braces and garters market fell to $X in 2022, waning by -10.1% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined in the following year.

Braces And Garters Production in MENA

In value terms, braces and garters production shrank modestly to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 83% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Braces And Garters Exports

Exports in MENA

In 2022, approx. X units of braces, suspenders and garters were exported in MENA; increasing by 15% on the previous year. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, braces and garters exports declined modestly to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of $X, and then fell slightly in the following year.

Exports by Country

In 2022, Morocco (X units) represented the largest exporter of braces, suspenders and garters, committing 65% of total exports. Turkey (X units) took the second position in the ranking, distantly followed by Tunisia (X units). All these countries together held approx. 34% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to braces and garters exports from Morocco stood at +4.8%. At the same time, Turkey (+10.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +10.0% from 2012-2022. By contrast, Tunisia (-3.2%) illustrated a downward trend over the same period. Morocco (+18 p.p.) and Turkey (+15 p.p.) significantly strengthened its position in terms of the total exports, while Tunisia saw its share reduced by -4.2% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest braces and garters supplier in MENA, comprising 88% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Morocco totaled +2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (-2.1% per year) and Turkey (+3.7% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, shrinking by -15.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 21%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+1.2%), while the other leaders experienced a decline in the export price figures.

Braces And Garters Imports

Imports in MENA

In 2022, purchases abroad of braces, suspenders and garters increased by 8.3% to X units, rising for the second year in a row after three years of decline. In general, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, braces and garters imports expanded modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 41% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Tunisia (X units), Israel (X units), the United Arab Emirates (X units), Egypt (X units), Morocco (X units), Turkey (X units), Iraq (X units) and Bahrain (X units) represented roughly 87% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Israel ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2022, together comprising 61% of total imports. Turkey, Morocco, Egypt, Iraq and Bahrain lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Iraq, with a CAGR of +32.9%, 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

In 2022, the import price in MENA amounted to $X per unit, waning by -4.2% against the previous year. In general, the import price showed a mild curtailment. The most prominent rate of growth was recorded in 2019 an increase of 70% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Israel ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+8.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform