Myanmar: Brassiere Market 2024

Brassiere Market Size in Myanmar

In 2021, the Myanmar's brassiere market increased by 17% to $X, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Brassiere Production in Myanmar

In value terms, brassiere production expanded modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Brassiere Exports

Exports from Myanmar

In 2021, overseas shipments of brassieres of textile materials, whether or not elasticated decreased by -44.4% to X units, falling for the second consecutive year after four years of growth. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 388%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, brassiere exports reduced remarkably to $X in 2021. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 413%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for brassiere exports from Myanmar, accounting for a 27% share of total exports. Moreover, brassiere exports to Thailand exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to +68.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+50.2% per year) and the Netherlands (+38.6% per year).

In value terms, Thailand ($X) emerged as the key foreign market for brassieres of textile materials, whether or not elasticated exports from Myanmar, comprising 28% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand amounted to +72.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+53.6% per year) and the Netherlands (+41.7% per year).

Export Prices by Country

The average brassiere export price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2020 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Brassiere Imports

Imports into Myanmar

In 2021, purchases abroad of brassieres of textile materials, whether or not elasticated decreased by -19.6% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 4,188% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, brassiere imports expanded remarkably to $X in 2021. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,071%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest brassiere supplier to Myanmar, accounting for a 70% share of total imports. Moreover, brassiere imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +121.7%.

In value terms, Thailand ($X) constituted the largest supplier of brassieres of textile materials, whether or not elasticated to Myanmar, comprising 75% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +40.8%.

Import Prices by Country

In 2021, the average brassiere import price amounted to $X per unit, jumping by 31% against the previous year. In general, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 an increase of 65%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-14.4%).

Source: IndexBox Platform

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