U.S.: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in the U.S.

In 2021, the U.S. brassiere, girdle and corset market increased by 110% to $X, rising for the second year in a row after two years of decline. In general, consumption saw prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Brassieres, Girdles And Corsets in the U.S.

In value terms, brassiere, girdle and corset production declined modestly to $X in 2021. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 11% against the previous year. Brassiere, girdle and corset production peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Brassieres, Girdles And Corsets

Exports from the U.S.

In 2021, shipments abroad of brassieres, girdles and corsets was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a mild increase. The most prominent rate of growth was recorded in 2014 when exports increased by 41%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, brassiere, girdle and corset exports rose markedly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and the UK (X tons) were the main destinations of brassiere, girdle and corset exports from the United States, together comprising 59% of total exports. Chile, Panama, Australia, the Dominican Republic, Israel, France, Ireland, Guatemala, Costa Rica and Honduras lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +27.6%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for brassieres, girdles and corsets exports from the United States, comprising 38% of total exports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total exports. It was followed by the UK, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.6% per year) and the UK (+0.9% per year).

Export Prices by Country

In 2021, the average brassiere, girdle and corset export price amounted to $X per ton, surging by 6.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Chile ($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 Mexico (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Brassieres, Girdles And Corsets

Imports into the U.S.

In 2021, overseas purchases of brassieres, girdles and corsets increased by 160% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, brassiere, girdle and corset imports soared to $X in 2021. The total import value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Bangladesh (X tons) and Vietnam (X tons) were the main suppliers of brassiere, girdle and corset imports to the United States, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +51.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset suppliers to the United States were China ($X), Vietnam ($X) and Sri Lanka ($X), with a combined 62% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +40.1%, 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, waning by -43.7% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by 13%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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