Hungary: Market for Brassieres, Girdles And Corsets 2025

Market Size for Brassieres, Girdles And Corsets in Hungary

The Hungarian brassiere, girdle and corset market fell dramatically to $X in 2021, dropping by -24.8% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Production of Brassieres, Girdles And Corsets in Hungary

In value terms, brassiere, girdle and corset production reduced rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 7.2% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Brassieres, Girdles And Corsets

Exports from Hungary

In 2021, shipments abroad of brassieres, girdles and corsets was finally on the rise to reach X tons after six years of decline. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, brassiere, girdle and corset exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt downturn. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Romania (X tons) and Croatia (X tons) were the main destinations of brassiere, girdle and corset exports from Hungary, together accounting for 62% of total exports. Slovakia, Bulgaria, Austria, Slovenia, Poland, Serbia, Ukraine and France lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for brassieres, girdles and corsets exports from Hungary, comprising 48% of total exports. The second position in the ranking was held by Romania ($X), with a 13% share of total exports. It was followed by Austria, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+4.5% per year) and Austria (-11.3% per year).

Export Prices by Country

In 2021, the average brassiere, girdle and corset export price amounted to $X per ton, reducing by -3.3% against the previous year. Overall, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Ukraine ($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 Poland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports into Hungary

In 2021, purchases abroad of brassieres, girdles and corsets decreased by -0.1% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2017 with an increase of 121% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, brassiere, girdle and corset imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and China (X tons) were the main suppliers of brassiere, girdle and corset imports to Hungary, with a combined 58% share of total imports. Austria, Slovakia, Italy, France, Romania, Croatia and Spain lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +27.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset suppliers to Hungary were Austria ($X), Germany ($X) and Poland ($X), together comprising 61% of total imports. These countries were followed by Italy, China, Slovakia, France, Romania, Croatia and Spain, which together accounted for a further 33%.

In terms of the main suppliers, France, with a CAGR of +31.2%, 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 average brassiere, girdle and corset import price stood at $X per ton in 2021, growing by 16% against the previous year. Overall, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 66%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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