Singapore: Market for Brassieres, Girdles And Corsets 2025

Market Size for Brassieres, Girdles And Corsets in Singapore

The Singaporean brassiere, girdle and corset market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Brassieres, Girdles And Corsets in Singapore

In value terms, brassiere, girdle and corset production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production recorded a precipitous descent. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from Singapore

In 2021, shipments abroad of brassieres, girdles and corsets increased by 48% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 137%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, brassiere, girdle and corset exports amounted to $X in 2021. Over the period under review, exports posted a perceptible increase. The pace of growth was the most pronounced in 2013 with an increase of 104%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for brassiere, girdle and corset exports from Singapore, accounting for a 27% share of total exports. Moreover, brassiere, girdle and corset exports to Malaysia exceeded the volume sent to the second major destination, Israel (X tons), threefold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia totaled +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+125.5% per year) and the United Arab Emirates (+23.7% per year).

In value terms, Malaysia ($X) remains the key foreign market for brassieres, girdles and corsets exports from Singapore, comprising 32% of total exports. The second position in the ranking was taken by Israel ($X), with an 8.6% share of total exports. It was followed by the United Arab Emirates, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+116.1% per year) and the United Arab Emirates (+15.5% per year).

Export Prices by Country

In 2021, the average brassiere, girdle and corset export price amounted to $X per ton, waning by -29.9% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 44% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Malaysia ($X per ton) and Indonesia ($X per ton), while the average price for exports to the United States ($X per ton) and the Netherlands ($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 Hong Kong SAR (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Brassieres, Girdles And Corsets

Imports into Singapore

In 2021, overseas purchases of brassieres, girdles and corsets were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 44% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, brassiere, girdle and corset imports soared to $X in 2021. In general, imports, however, recorded a pronounced curtailment. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Vietnam (X tons) and Indonesia (X tons) were the main suppliers of brassiere, girdle and corset imports to Singapore, together comprising 77% of total imports. Cambodia, Sri Lanka, Myanmar, Bangladesh, Hong Kong SAR, Thailand, Taiwan (Chinese), Japan and Malaysia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) appeared to be the largest brassiere, girdle and corset suppliers to Singapore, together comprising 77% of total imports. Cambodia, Sri Lanka, Myanmar, Hong Kong SAR, Bangladesh, Thailand, Taiwan (Chinese), Japan and Malaysia lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Myanmar, with a CAGR of +29.9%, 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 average brassiere, girdle and corset import price stood at $X per ton in 2021, growing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 46%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Myanmar ($X per ton) and Cambodia ($X per ton), while the price for Japan ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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