Indonesia: Market for Brassieres, Girdles And Corsets 2025

Market Size for Brassieres, Girdles And Corsets in Indonesia

In 2021, the Indonesian brassiere, girdle and corset market decreased by -2.2% to $X, falling for the third consecutive year after two years of growth. In general, consumption continues to indicate a relatively flat trend pattern. Brassiere, girdle and corset consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Brassieres, Girdles And Corsets in Indonesia

In value terms, brassiere, girdle and corset production totaled $X in 2021 estimated in export price. In general, production, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 142%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Brassieres, Girdles And Corsets

Exports from Indonesia

In 2021, overseas shipments of brassieres, girdles and corsets were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable 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.

In value terms, brassiere, girdle and corset exports soared to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable 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

The United States (X tons) was the main destination for brassiere, girdle and corset exports from Indonesia, accounting for a 68% share of total exports. Moreover, brassiere, girdle and corset exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), more than tenfold. Germany (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+9.3% per year) and Germany (-3.2% per year).

In value terms, the United States ($X) remains the key foreign market for brassieres, girdles and corsets exports from Indonesia, comprising 64% of total exports. The second position in the ranking was taken by Australia ($X), with a 7.3% share of total exports. It was followed by Germany, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+8.4% per year) and Germany (-1.8% per year).

Export Prices by Country

The average brassiere, girdle and corset export price stood at $X per ton in 2021, leveling off at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2015 an increase of 7.6%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped in the following year.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Australia ($X per ton) and the UK ($X per ton), while the average price for exports to South Korea ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports into Indonesia

In 2021, supplies from abroad of brassieres, girdles and corsets increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 154%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, brassiere, girdle and corset imports surged to $X in 2021. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 93%. 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

In 2021, China (X tons) was the main brassiere, girdle and corset supplier to Indonesia, accounting for a 93% share of total imports. Moreover, brassiere, girdle and corset imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.2%.

In value terms, China ($X) constituted the largest supplier of brassieres, girdles and corsets to Indonesia, comprising 68% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +9.4%.

Import Prices by Country

In 2021, the average brassiere, girdle and corset import price amounted to $X per ton, with an increase of 4.9% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% 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 import price decreased by -27.8% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 40% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.1%).

Source: IndexBox Platform

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