New Zealand: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in New Zealand

The New Zealand brassiere, girdle and corset market soared to $X in 2021, growing by 27% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Brassieres, Girdles And Corsets in New Zealand

In value terms, brassiere, girdle and corset production shrank notably to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The growth pace was the most rapid in 2018 when the production volume increased by 1,493% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from New Zealand

In 2021, after six years of decline, there was significant growth in shipments abroad of brassieres, girdles and corsets, when their volume increased by 83% to X tons. Overall, exports, however, saw a deep slump. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, brassiere, girdle and corset exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for brassiere, girdle and corset exports from New Zealand, accounting for a 93% share of total exports. It was followed by the UK (X tons), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+31.5% per year) and the Netherlands (+137.1% per year).

In value terms, Australia ($X) remains the key foreign market for brassieres, girdles and corsets exports from New Zealand, comprising 93% of total exports. The second position in the ranking was held by the UK ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+29.2% per year) and the Netherlands (+135.2% per year).

Export Prices by Country

In 2021, the average brassiere, girdle and corset export price amounted to $X per ton, growing by 9.6% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 Australia (+11.9%), while the prices for the other major destinations experienced a decline.

Imports of Brassieres, Girdles And Corsets

Imports into New Zealand

Brassiere, girdle and corset imports into New Zealand soared to X tons in 2021, growing by 38% compared with 2020. Overall, imports, however, continue to indicate a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, brassiere, girdle and corset imports surged to $X in 2021. In general, imports, however, showed a slight decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of brassiere, girdle and corset to New Zealand, with a 78% share of total imports. Moreover, brassiere, girdle and corset imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. Bangladesh (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-10.2% per year) and Bangladesh (+26.3% per year).

In value terms, China ($X) constituted the largest supplier of brassieres, girdles and corsets to New Zealand, comprising 77% of total imports. The second position in the ranking was held by Indonesia ($X), with a 6.9% share of total imports. It was followed by Bangladesh, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-2.4% per year) and Bangladesh (+40.8% per year).

Import Prices by Country

The average brassiere, girdle and corset import price stood at $X per ton in 2021, picking up by 8.4% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% 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 increased by +16.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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