Ukraine: Braces And Garters Market 2024

Braces And Garters Market Size in Ukraine

The Ukrainian braces and garters market rose sharply to $X in 2022, growing by 8.6% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Braces And Garters Production in Ukraine

In value terms, braces and garters production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 279% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Braces And Garters Exports

Exports from Ukraine

In 2022, exports of braces, suspenders and garters from Ukraine was estimated at X units, flattening at the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, braces and garters exports totaled $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +53.4% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 63%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X units), Italy (X units) and Slovakia (X units) were the main destinations of braces and garters exports from Ukraine, together accounting for 85% of total exports. The United States, Poland, Kazakhstan, Azerbaijan and Georgia lagged somewhat behind, together comprising a further 8.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +66.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for braces and garters exported from Ukraine were Italy ($X), Germany ($X) and the United States ($X), with a combined 68% share of total exports.

The United States, with a CAGR of +61.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average braces and garters export price stood at $X per unit in 2022, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2016 when the average export price increased by 31%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Slovakia ($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 Russia (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Braces And Garters Imports

Imports into Ukraine

In 2022, approx. X units of braces, suspenders and garters were imported into Ukraine; which is down by -9.8% against the year before. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 22% against the previous year. Imports 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 shrank modestly to $X in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Poland (X units) and Italy (X units) were the main suppliers of braces and garters imports to Ukraine, with a combined 61% share of total imports. These countries were followed by Latvia, Turkey, Germany, Pakistan, Belarus and Albania, which together accounted for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Albania (with a CAGR of +72.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Latvia ($X) and China ($X) appeared to be the largest braces and garters suppliers to Ukraine, together accounting for 67% of total imports. Italy, Turkey, Germany, Albania, Belarus and Pakistan lagged somewhat behind, together comprising a further 28%.

Albania, with a CAGR of +101.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average braces and garters import price stood at $X per unit in 2022, increasing by 9.4% against the previous year. Overall, the import price, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2015 an increase of 11%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat 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 Poland ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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