Scandinavia: Braces And Garters Market 2024

Braces And Garters Market Size in Scandinavia

In 2022, the Scandinavia braces and garters market decreased by -1.1% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Braces And Garters Production in Scandinavia

In value terms, braces and garters production fell to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 when the production volume increased by 2,237% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Braces And Garters Exports

Exports in Scandinavia

In 2022, the amount of braces, suspenders and garters exported in Scandinavia surged to X units, rising by 43% compared with 2021 figures. Total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, braces and garters exports soared to $X in 2022. Total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, resulting at X units, which was approx. 89% of total exports in 2022. It was distantly followed by Norway (X units), mixing up a 7.4% share of total exports. Finland (X units) held a minor share of total exports.

Sweden was also the fastest-growing in terms of the braces, suspenders and garters exports, with a CAGR of +2.5% from 2012 to 2022. Norway (-2.0%) and Finland (-9.6%) illustrated a downward trend over the same period. Sweden (+10 p.p.) significantly strengthened its position in terms of the total exports, while Norway and Finland saw its share reduced by -2.8% and -7.5% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest braces and garters supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was held by Finland ($X), with a 4.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to +5.4%. In the other countries, the average annual rates were as follows: Finland (-6.3% per year) and Norway (-7.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, which is down by -17.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the export price increased by 27% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then fell sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Braces And Garters Imports

Imports in Scandinavia

In 2022, the amount of braces, suspenders and garters imported in Scandinavia skyrocketed to X units, with an increase of 18% compared with 2021 figures. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, braces and garters imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.1% 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 imports increased by 22%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Sweden (X units) represented the key importer of braces, suspenders and garters, generating 68% of total imports. Finland (X units) ranks second in terms of the total imports with a 20% share, followed by Norway (12%).

Sweden was also the fastest-growing in terms of the braces, suspenders and garters imports, with a CAGR of +1.9% from 2012 to 2022. At the same time, Finland (+1.6%) displayed positive paces of growth. By contrast, Norway (-4.8%) illustrated a downward trend over the same period. Sweden (+7.3 p.p.) and Finland (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Norway saw its share reduced by -9.1% from 2012 to 2022, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported braces, suspenders and garters in Scandinavia, comprising 57% of total imports. The second position in the ranking was held by Finland ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: Finland (+0.8% per year) and Norway (-2.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, growing by 2.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 10% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform