Asia: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Asia

In 2021, the Asian brassiere, girdle and corset market decreased by -9.9% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Brassieres, Girdles And Corsets in Asia

In value terms, brassiere, girdle and corset production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 12%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Brassieres, Girdles And Corsets

Exports in Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of brassieres, girdles and corsets, when their volume increased by 26% to X tons. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 101%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, brassiere, girdle and corset exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 72% of total exports in 2021. It was distantly followed by Bangladesh (X tons) and Vietnam (X tons), together achieving a 12% share of total exports. The following exporters - Indonesia (X tons), Sri Lanka (X tons), Myanmar (X tons) and Hong Kong SAR (X tons) - together made up 11% of total exports.

From 2012 to 2021, average annual rates of growth with regard to brassiere, girdle and corset exports from China stood at +5.8%. At the same time, Myanmar (+59.8%), Vietnam (+24.7%), Bangladesh (+14.0%), Sri Lanka (+6.7%) and Indonesia (+3.8%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of +59.8% from 2012-2021. By contrast, Hong Kong SAR (-14.9%) illustrated a downward trend over the same period. While the share of Vietnam (+4.3 p.p.), Bangladesh (+3 p.p.), China (+1.9 p.p.) and Myanmar (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-9.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest brassiere, girdle and corset supplier in Asia, comprising 53% of total exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total exports. It was followed by Sri Lanka, with a 7.6% share.

In China, brassiere, girdle and corset exports expanded at an average annual rate of +5.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+20.5% per year) and Sri Lanka (+4.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 3.5% against the previous year. Overall, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2014 an increase of 101% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.8%), while the other leaders experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports in Asia

Brassiere, girdle and corset imports surged to X tons in 2021, jumping by 18% on the previous year's figure. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, brassiere, girdle and corset imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the seven major importers of brassieres, girdles and corsets, namely Japan, Indonesia, South Korea, Kazakhstan, Hong Kong SAR, the United Arab Emirates and Thailand, represented more than two-thirds of total import. The following importers - Malaysia (X tons), Bangladesh (X tons), Kyrgyzstan (X tons), Saudi Arabia (X tons), Taiwan (Chinese) (X tons) and China (X tons) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kazakhstan (with a CAGR of +47.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset importing markets in Asia were Japan ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 53% share of total imports. These countries were followed by Kazakhstan, the United Arab Emirates, China, Bangladesh, Malaysia, Taiwan (Chinese), Indonesia, Saudi Arabia, Thailand and Kyrgyzstan, which together accounted for a further 33%.

Kazakhstan, with a CAGR of +42.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 1.8% against the previous year. Overall, the import price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2014 an increase of 3.6%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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