Eastern Asia: Market for Brassieres, Girdles And Corsets 2025

Market Size for Brassieres, Girdles And Corsets in Eastern Asia

In 2021, the East Asian brassiere, girdle and corset market decreased by -27% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded a pronounced descent. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Brassieres, Girdles And Corsets in Eastern Asia

In value terms, brassiere, girdle and corset production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Brassieres, Girdles And Corsets

Exports in Eastern Asia

In 2021, shipments abroad of brassieres, girdles and corsets was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2016 with an increase of 162%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, brassiere, girdle and corset exports surged to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, recording X tons, which was near 98% of total exports in 2021. Hong Kong SAR (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the brassieres, girdles and corsets exports, with a CAGR of +5.8% from 2012 to 2021. Hong Kong SAR (-14.9%) illustrated a downward trend over the same period. China (+12 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -11% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest brassiere, girdle and corset supplier in Eastern Asia, comprising 91% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +5.6%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 7.6% against the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by 159% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.8%).

Imports of Brassieres, Girdles And Corsets

Imports in Eastern Asia

After three years of decline, purchases abroad of brassieres, girdles and corsets increased by 9.8% to X tons in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, brassiere, girdle and corset imports rose markedly to $X in 2021. In general, imports, however, continue to indicate a noticeable slump. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly 69% of total imports in 2021. Hong Kong SAR (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (5.7%). China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset importing markets in Eastern Asia were Japan ($X), Hong Kong SAR ($X) and South Korea ($X), with a combined 88% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +13.9%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by 3.8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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