South-Eastern Asia: Market for Brassieres, Girdles And Corsets 2025

Market Size for Brassieres, Girdles And Corsets in South-Eastern Asia

In 2021, the Southeast Asian brassiere, girdle and corset market decreased by -14.1% to $X, falling for the second year in a row after three years of growth. In general, consumption continues to indicate a slight setback. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Brassieres, Girdles And Corsets in South-Eastern Asia

In value terms, brassiere, girdle and corset production rose notably to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Brassieres, Girdles And Corsets

Exports in South-Eastern Asia

In 2021, exports of brassieres, girdles and corsets in South-Eastern Asia soared to X tons, surging by 30% against the previous year's figure. In general, exports showed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, brassiere, girdle and corset exports surged to $X in 2021. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 30% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

Vietnam (X tons) and Indonesia (X tons) represented roughly 69% of total exports in 2021. Myanmar (X tons) ranks next in terms of the total exports with a 14% share, followed by Cambodia (7.8%) and Thailand (7.1%).

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +59.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest brassiere, girdle and corset supplier in South-Eastern Asia, comprising 48% of total exports. The second position in the ranking was held by Indonesia ($X), with a 23% share of total exports. It was followed by Myanmar, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +20.5%. In the other countries, the average annual rates were as follows: Indonesia (+5.0% per year) and Myanmar (+47.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, declining by -6.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 5.8% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+2.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Brassieres, Girdles And Corsets

Imports in South-Eastern Asia

In 2021, purchases abroad of brassieres, girdles and corsets increased by 10% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, brassiere, girdle and corset imports rose rapidly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia was the major importer of brassieres, girdles and corsets in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. 52% of total imports in 2021. It was distantly followed by Thailand (X tons) and Malaysia (X tons), together comprising a 40% share of total imports. The following importers - Singapore (X tons) and Cambodia (X tons) - together made up 5.3% of total imports.

From 2012 to 2021, average annual rates of growth with regard to brassiere, girdle and corset imports into Indonesia stood at +8.2%. At the same time, Cambodia (+22.4%) and Thailand (+1.4%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +22.4% from 2012-2021. By contrast, Malaysia (-1.8%) and Singapore (-5.6%) illustrated a downward trend over the same period. Indonesia (+18 p.p.) and Cambodia (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Thailand and Malaysia saw its share reduced by -3.7%, -4.1% and -8.6% from 2012 to 2021, respectively.

In value terms, Malaysia ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. Singapore and Cambodia lagged somewhat behind, together comprising a further 20%.

Cambodia, with a CAGR of +17.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 South-Eastern Asia stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 when the import price increased by 25% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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