Bangladesh: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Bangladesh

The Bangladeshi brassiere, girdle and corset market shrank remarkably to $X in 2021, with a decrease of -17.9% against the previous year. Over the period under review, consumption recorded a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Brassieres, Girdles And Corsets in Bangladesh

In value terms, brassiere, girdle and corset production reached $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17%. Brassiere, girdle and corset production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from Bangladesh

Brassiere, girdle and corset exports from Bangladesh expanded significantly to X tons in 2021, growing by 14% on the year before. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by 24% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, brassiere, girdle and corset exports amounted to $X in 2021. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 32%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for brassiere, girdle and corset exports from Bangladesh, with a 28% share of total exports. Moreover, brassiere, girdle and corset exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.7% per year) and the UK (+2.0% per year).

In value terms, the United States ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for brassiere, girdle and corset exported from Bangladesh worldwide, together comprising 43% of total exports. These countries were followed by Poland, the Netherlands, France, India, Spain, the United Arab Emirates, Saudi Arabia and Malaysia, which together accounted for a further 22%.

Malaysia, with a CAGR of +65.9%, recorded the highest rates of growth with regard to the value of exports, among 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 brassiere, girdle and corset export price stood at $X per ton in 2021, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 6.7%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports into Bangladesh

In 2021, the amount of brassieres, girdles and corsets imported into Bangladesh soared to X tons, jumping by 39% against the previous year's figure. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 5,005% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, brassiere, girdle and corset imports soared to $X in 2021. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 4,863% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main brassiere, girdle and corset supplier to Bangladesh, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +19.0%.

In value terms, China ($X) constituted the largest supplier of brassieres, girdles and corsets to Bangladesh.

From 2012 to 2021, the average annual growth rate of value from China stood at +18.4%.

Import Prices by Country

In 2021, the average brassiere, girdle and corset import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.5% per year.

Source: IndexBox Platform

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