Overview of the Global Market for Brassieres, Girdles And Corsets

Market Size for Brassieres, Girdles And Corsets

The global brassiere, girdle and corset market totaled $X in 2021, picking up by 7.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the global market remained at a somewhat lower figure.

Production of Brassieres, Girdles And Corsets

In value terms, brassiere, girdle and corset production amounted to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, global production growth failed to regain momentum.

Exports of Brassieres, Girdles And Corsets

Exports

In 2021, overseas shipments of brassieres, girdles and corsets increased by 24% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 68% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, brassiere, girdle and corset exports soared to $X in 2021. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat 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.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 62% of total exports in 2021. It was distantly followed by Bangladesh (X tons) and Vietnam (X tons), together constituting a 9.8% share of total exports. Indonesia (X tons), Sri Lanka (X tons), the United States (X tons), Germany (X tons) and Myanmar (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to brassiere, girdle and corset exports from China stood at +5.8%. At the same time, Myanmar (+59.8%), Vietnam (+24.7%), Bangladesh (+14.0%), Sri Lanka (+6.7%), Indonesia (+3.8%), Germany (+3.1%) and the United States (+1.6%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in the world, with a CAGR of +59.8% from 2012-2021. While the share of China (+6.5 p.p.), Vietnam (+3.8 p.p.), Bangladesh (+2.7 p.p.) and Myanmar (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest brassiere, girdle and corset supplier worldwide, comprising 37% of global exports. The second position in the ranking was held by Vietnam ($X), with a 7.9% share of global exports. It was followed by Sri Lanka, with a 5.4% share.

In China, brassiere, girdle and corset exports increased at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+20.5% per year) and Sri Lanka (+4.9% per year).

Export Prices by Country

The average brassiere, girdle and corset export price stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price, however, saw a mild decline. The growth pace was the most rapid in 2014 an increase of 64%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the other global leaders experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports

In 2021, approx. X tons of brassieres, girdles and corsets were imported worldwide; growing by 58% compared with 2020. The total import volume increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, brassiere, girdle and corset imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor 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

The United States represented the major importer of brassieres, girdles and corsets in the world, with the volume of imports finishing at X tons, which was approx. 46% of total imports in 2021. The following importers - Germany (X tons), Japan (X tons), the UK (X tons), Indonesia (X tons), France (X tons), South Korea (X tons), Kazakhstan (X tons), Italy (X tons), Hong Kong SAR (X tons), Chile (X tons), the United Arab Emirates (X tons) and the Netherlands (X tons) - together made up 28% of total imports.

From 2012 to 2021, average annual rates of growth with regard to brassiere, girdle and corset imports into the United States stood at +12.4%. At the same time, Kazakhstan (+47.9%), Chile (+16.2%), South Korea (+13.7%), Indonesia (+8.2%), Italy (+2.7%), Germany (+2.1%) and the Netherlands (+2.0%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the world, with a CAGR of +47.9% from 2012-2021. France and Japan experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-2.6%), the UK (-3.8%) and Hong Kong SAR (-8.7%) illustrated a downward trend over the same period. The United States (+21 p.p.) and Kazakhstan (+2 p.p.) significantly strengthened its position in terms of the global imports, while the United Arab Emirates, Japan, the UK and Hong Kong SAR saw its share reduced by -1.5%, -2%, -3.6% and -4.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported brassieres, girdles and corsets worldwide, comprising 26% of global imports. The second position in the ranking was held by Germany ($X), with an 8.2% share of global imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.3% per year) and Japan (-2.3% per year).

Import Prices by Country

In 2021, the average brassiere, girdle and corset import price amounted to $X per ton, with a decrease of -21% against the previous year. Over the period under review, the import price showed a perceptible downturn. The growth pace was the most rapid in 2014 when the average import price increased by 3%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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