Venezuela: Brassiere Market 2025

Brassiere Market Size in Venezuela

In 2021, the Venezuelan brassiere market decreased by -29.7% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, showed a slight decrease. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Brassiere Production in Venezuela

In value terms, brassiere production rose sharply to $X in 2021 estimated in export price. Overall, production recorded a significant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 252% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Brassiere Exports

Exports by Country

Poland (X units), Switzerland (X units) and South Africa (X units) were the main destinations of brassiere exports from Venezuela, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +164.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Poland ($X) and the United Arab Emirates ($X) constituted the largest markets for brassiere exported from Venezuela worldwide, together comprising 90% of total exports. These countries were followed by Sweden, South Africa, Chile and France, which together accounted for a further 5%.

Among the main countries of destination, South Africa, with a CAGR of +95.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brassiere export price stood at $X per unit in 2021, with a decrease of -80.9% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 442% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to South Africa ($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 Switzerland (-7.2%), while the prices for the other major destinations experienced a decline.

Brassiere Imports

Imports into Venezuela

In 2021, imports of brassieres of textile materials, whether or not elasticated into Venezuela surged to X units, rising by 47% on the previous year's figure. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, brassiere imports dropped markedly to $X in 2021. Overall, imports, however, continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 35% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main brassiere supplier to Venezuela, with a 97% share of total imports. It was followed by Colombia (X units), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -8.3%.

In value terms, China ($X) constituted the largest supplier of brassieres of textile materials, whether or not elasticated to Venezuela, comprising 92% of total imports. The second position in the ranking was held by Colombia ($X), with a 5.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -12.5%.

Import Prices by Country

The average brassiere import price stood at $X per unit in 2021, dropping by -42.5% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 52%. As a result, import price reached the peak level of $X per unit. From 2015 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, amid the top importers, the country with the highest price was Colombia ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+24.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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