Singapore: Brassiere Market 2025

Brassiere Market Size in Singapore

The Singaporean brassiere market declined remarkably to $X in 2021, dropping by -25.5% against the previous year. In general, consumption continues to indicate a slight decline. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Brassiere Production in Singapore

In value terms, brassiere production shrank remarkably to $X in 2021 estimated in export price. Overall, production faced a precipitous decline. Over the period under review, production attained the maximum level at $X in 2020, and then contracted dramatically in the following year.

Brassiere Exports

Exports from Singapore

After two years of decline, shipments abroad of brassieres of textile materials, whether or not elasticated increased by 59% to X units in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. 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.

In value terms, brassiere exports soared to $X in 2021. Over the period under review, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 26%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for brassiere exports from Singapore, with a 29% share of total exports. Moreover, brassiere exports to Malaysia exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by Brunei Darussalam (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+23.0% per year) and Brunei Darussalam (+6.6% per year).

In value terms, Malaysia ($X) remains the key foreign market for brassieres of textile materials, whether or not elasticated exports from Singapore, comprising 28% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Brunei Darussalam, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+17.7% per year) and Brunei Darussalam (+2.1% per year).

Export Prices by Country

The average brassiere export price stood at $X per unit in 2021, which is down by -20.6% against the previous year. Overall, the export price showed a pronounced reduction. The growth pace was the most rapid in 2013 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Canada ($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 Israel (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Brassiere Imports

Imports into Singapore

In 2021, supplies from abroad of brassieres of textile materials, whether or not elasticated was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, brassiere imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Vietnam (X units) and Indonesia (X units) were the main suppliers of brassiere imports to Singapore, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +22.9%), 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 suppliers to Singapore, with a combined 81% share of total imports.

Vietnam, with a CAGR of +23.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average brassiere import price amounted to $X per unit, rising by 6.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 7.1%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Indonesia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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