Dominican Republic: Market for Brassieres, Girdles And Corsets 2025

Market Size for Brassieres, Girdles And Corsets in the Dominican Republic

The Dominican brassiere, girdle and corset market skyrocketed to $X in 2021, jumping by 54% against the previous year. Overall, consumption recorded prominent growth. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Brassieres, Girdles And Corsets in the Dominican Republic

In value terms, brassiere, girdle and corset production soared to $X in 2021 estimated in export price. In general, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 56% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from the Dominican Republic

After two years of decline, shipments abroad of brassieres, girdles and corsets increased by 24% to X tons in 2021. In general, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 81%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, brassiere, girdle and corset exports soared to $X in 2021. Overall, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 89%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for brassiere, girdle and corset exports from the Dominican Republic, with a 96% share of total exports. It was followed by the Netherlands (X tons), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -16.2%.

In value terms, the United States ($X) remains the key foreign market for brassieres, girdles and corsets exports from the Dominican Republic, comprising 96% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -11.7%.

Export Prices by Country

In 2021, the average brassiere, girdle and corset export price amounted to $X per ton, rising by 13% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price 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, brassiere, girdle and corset export price increased by +92.9% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.4%).

Imports of Brassieres, Girdles And Corsets

Imports into the Dominican Republic

In 2021, after two years of decline, there was significant growth in purchases abroad of brassieres, girdles and corsets, when their volume increased by 102% to X tons. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 161% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, brassiere, girdle and corset imports skyrocketed to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest brassiere, girdle and corset supplier to the Dominican Republic, with a 52% share of total imports. Moreover, brassiere, girdle and corset imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+4.9% per year) and Hong Kong SAR (+61.0% per year).

In value terms, the largest brassiere, girdle and corset suppliers to the Dominican Republic were Colombia ($X), Hong Kong SAR ($X) and China ($X), with a combined 86% share of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +66.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average brassiere, girdle and corset import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2019 when the average import price increased by 46%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+27.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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