Report Update Nov 1, 2024

Northern America - Braces, Suspenders and Garters - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Braces And Garters Market 2024

Braces And Garters Market Size in Northern America

For the third year in a row, the North American braces and garters market recorded decline in sales value, which decreased by -1.4% to $X in 2022. Over the period under review, consumption continues to indicate a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Braces And Garters Production in Northern America

In value terms, braces and garters production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 88% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Braces And Garters Exports

Exports in Northern America

For the third year in a row, Northern America recorded growth in shipments abroad of braces, suspenders and garters, which increased by 2.7% to X units in 2022. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 176% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, braces and garters exports expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 109% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The biggest shipments were from the United States (X units), together accounting for 99% of total export.

The United States was also the fastest-growing in terms of the braces, suspenders and garters exports, with a CAGR of +18.6% from 2012 to 2022. While the share of the United States (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest braces and garters supplier in Northern America.

In the United States, braces and garters exports expanded at an average annual rate of +16.6% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, growing by 2.6% against the previous year. In general, the export price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2019 an increase of 55%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -1.7% per year.

Braces And Garters Imports

Imports in Northern America

In 2022, imports of braces, suspenders and garters in Northern America declined slightly to X units, waning by -4.8% against 2021 figures. Overall, imports recorded a slight decrease. The growth pace was the most rapid in 2019 with an increase of 20% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, braces and garters imports rose significantly to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, reaching X units, which was near 96% of total imports in 2022. Canada (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to braces and garters imports into the United States stood at -1.1%. At the same time, Canada (+1.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.4% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported braces, suspenders and garters in Northern America, comprising 94% of total imports. The second position in the ranking was held by Canada ($X), with a 6.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, surging by 17% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 30% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for braces, suspenders and garters in Northern America?

The United States constituted the country with the largest volume of braces and garters consumption, accounting for 87% of total volume. Moreover, braces and garters consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, sevenfold.

What are the largest producers of braces, suspenders and garters in Northern America?

Canada constituted the country with the largest volume of braces and garters production, comprising approx. 100% of total volume.

What are the leading exporters of braces, suspenders and garters in Northern America?

In value terms, the United States remains the largest braces and garters supplier in Northern America, comprising 95% of total exports. The second position in the ranking was occupied by Canada, with a 4.9% share of total exports.

What are the leading importers of braces, suspenders and garters in Northern America?

In value terms, the United States constitutes the largest market for imported braces, suspenders and garters in Northern America, comprising 93% of total imports. The second position in the ranking was occupied by Canada, with a 6.5% share of total imports.

What is the average export price for braces, suspenders and garters in Northern America?

The braces and garters export price in Northern America stood at $26,430 per ton in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for braces, suspenders and garters in Northern America?

In 2020, the braces and garters import price in Northern America amounted to $18,082 per ton, which is down by -13.7% against the previous year.

This report provides an in-depth analysis of the braces and garters market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 14142570 - Braces, suspenders, garters and similar articles and parts thereof

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023