Pakistan: Braces And Garters Market 2025

Braces And Garters Market Size in Pakistan

The Pakistani braces and garters market reached $X in 2022, with an increase of 3.3% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Braces And Garters Production in Pakistan

In value terms, braces and garters production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 48% against the previous year. Braces and garters production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Braces And Garters Exports

Exports from Pakistan

In 2022, shipments abroad of braces, suspenders and garters increased by 4.9% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 429% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, braces and garters exports expanded to $X in 2022. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 381%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for braces and garters exports from Pakistan, accounting for a 57% share of total exports. Moreover, braces and garters exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +39.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.9% per year) and Germany (+0.8% per year).

In value terms, the United States ($X) remains the key foreign market for braces, suspenders and garters exports from Pakistan, comprising 60% of total exports. The second position in the ranking was held by the UK ($X), with a 16% share of total exports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-4.9% per year) and Germany (+1.9% per year).

Export Prices by Country

The average braces and garters export price stood at $X per unit in 2022, declining by -2.8% against the previous year. Overall, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 125% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Pakistan

In 2022, the amount of braces, suspenders and garters imported into Pakistan dropped markedly to X units, shrinking by -18.9% against the previous year's figure. Over the period under review, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 90%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, braces and garters imports shrank to $X in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 90% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest braces and garters supplier to Pakistan, with a 69% share of total imports. Moreover, braces and garters imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fivefold. The United States (X units) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-42.5% per year) and the United States (+63.1% per year).

In value terms, China ($X) constituted the largest supplier of braces, suspenders and garters to Pakistan, comprising 79% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.6% share of total imports. It was followed by Thailand, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+62.6% per year) and Thailand (-1.5% per year).

Import Prices by Country

In 2022, the average braces and garters import price amounted to $X per unit, with an increase of 10% against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of 15%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, 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 Taiwan (Chinese) ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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