Latin America and the Caribbean: Market for Brassieres, Girdles And Corsets 2025

Market Size for Brassieres, Girdles And Corsets in Latin America and the Caribbean

The Latin American brassiere, girdle and corset market amounted to $X in 2021, rising by 15% against the previous year. Overall, consumption, however, saw a perceptible descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Brassieres, Girdles And Corsets in Latin America and the Caribbean

In value terms, brassiere, girdle and corset production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible downturn. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Brassieres, Girdles And Corsets

Exports in Latin America and the Caribbean

In 2021, overseas shipments of brassieres, girdles and corsets increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, brassiere, girdle and corset exports soared to $X in 2021. Overall, exports, however, continue to indicate a noticeable reduction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Honduras (X tons), El Salvador (X tons) and Colombia (X tons) represented roughly 79% of total exports in 2021. Mexico (X tons) ranks next in terms of the total exports with a 5.3% share, followed by the Dominican Republic (5.1%). Nicaragua (X tons) and Brazil (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, Honduras ($X), Colombia ($X) and El Salvador ($X) were the countries with the highest levels of exports in 2021, together comprising 75% of total exports. Mexico, the Dominican Republic, Nicaragua and Brazil lagged somewhat behind, together comprising a further 22%.

In terms of the main exporting countries, Mexico, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 7% against the previous year. The level of export peaked at $X per ton in 2020, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+5.4%), while the other leaders experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports in Latin America and the Caribbean

In 2021, brassiere, girdle and corset imports in Latin America and the Caribbean skyrocketed to X tons, rising by 60% compared with the previous year. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, brassiere, girdle and corset imports surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X tons), distantly followed by Guatemala (X tons), El Salvador (X tons), Mexico (X tons), Peru (X tons) and Brazil (X tons) were the main importers of brassieres, girdles and corsets, together committing 73% of total imports. The following importers - Panama (X tons), Ecuador (X tons), Paraguay (X tons), Costa Rica (X tons), Venezuela (X tons) and Colombia (X tons) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and El Salvador ($X) constituted the countries with the highest levels of imports in 2021, together comprising 61% of total imports.

In terms of the main importing countries, Mexico, with a CAGR of +7.4%, saw 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 Latin America and the Caribbean stood at $X per ton in 2021, which is down by -13.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 9.9%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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