
China - Brassieres - Market Analysis, Forecast, Size, Trends And Insights
Brassiere Export in China Rises Rapidly to $408M in March 2023
China Brassiere Exports
Brassiere exports from China skyrocketed to 218M units in March 2023, jumping by 65% on February 2023. The total export volume increased at an average monthly rate of +1.3% from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at 261M units in May 2022; however, from June 2022 to March 2023, the exports stood at a somewhat lower figure.
In value terms, brassiere exports skyrocketed to $408M (IndexBox estimates) in March 2023. The total export value increased at an average monthly rate of +2.4% over the period from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at 452M units in June 2022; however, from July 2022 to March 2023, the exports failed to regain momentum.
COUNTRY | Export Value of Brassiere in China (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
United States | 67.6 | 78.0 | 71.8 | 69.7 | 56.7 | 52.5 | 44.3 | 42.0 | 45.9 | 60.3 | 65.8 | 30.3 | 66.0 |
Vietnam | 7.2 | 13.3 | 26.8 | 23.1 | 25.0 | 23.8 | 29.4 | 29.7 | 28.3 | 37.3 | 16.4 | 34.9 | 36.8 |
Kyrgyzstan | 34.0 | 26.9 | 27.9 | 37.3 | 24.8 | 34.0 | 16.8 | 3.8 | 10.5 | 35.7 | 12.3 | 35.1 | 34.3 |
Japan | 28.8 | 22.9 | 30.8 | 30.8 | 27.8 | 30.6 | 26.0 | 27.8 | 24.8 | 25.2 | 26.4 | 20.9 | 28.5 |
Kazakhstan | 1.1 | 6.9 | 9.0 | 13.7 | 22.1 | 23.8 | 15.3 | 12.4 | 10.0 | 12.3 | 13.3 | 12.7 | 23.8 |
Germany | 11.6 | 15.7 | 22.3 | 18.5 | 18.6 | 14.3 | 10.8 | 11.0 | 13.5 | 12.9 | 13.6 | 8.6 | 12.0 |
Indonesia | 7.1 | 10.3 | 11.1 | 8.3 | 9.7 | 7.5 | 11.9 | 9.0 | 7.5 | 9.9 | 7.4 | 7.1 | 8.3 |
Thailand | 7.5 | 9.6 | 11.0 | 8.3 | 9.4 | 8.8 | 7.8 | 9.1 | 7.9 | 10.2 | 8.8 | 5.4 | 8.3 |
Philippines | 3.4 | 5.4 | 6.7 | 8.5 | 8.7 | 7.6 | 8.9 | 8.5 | 7.3 | 7.2 | 9.0 | 3.4 | 8.1 |
Greece | 5.4 | 7.1 | 8.5 | 8.6 | 7.9 | 7.3 | 8.4 | 7.4 | 4.9 | 7.0 | 7.0 | 3.3 | 8.1 |
Bangladesh | 4.6 | 6.0 | 10.9 | 5.2 | 5.6 | 6.1 | 7.9 | 6.9 | 6.1 | 4.9 | 5.8 | 2.1 | 8.0 |
Mexico | 5.1 | 6.5 | 8.1 | 11.0 | 8.8 | 10.4 | 7.3 | 5.5 | 7.9 | 10.1 | 7.9 | 4.6 | 7.9 |
United Arab Emirates | 2.5 | 4.1 | 5.1 | 5.2 | 6.5 | 6.4 | 7.5 | 7.2 | 6.6 | 6.7 | 9.4 | 3.1 | 5.8 |
Others | 121 | 161 | 195 | 204 | 201 | 177 | 165 | 157 | 148 | 157 | 185 | 82.0 | 152 |
Total | 307 | 374 | 445 | 452 | 433 | 410 | 368 | 337 | 329 | 397 | 389 | 253 | 408 |
Exports by Country
The United States (26M units), Vietnam (19M units) and Indonesia (11M units) were the main destinations of brassiere exports from China, together accounting for 25% of total exports. These countries were followed by Bangladesh, Kyrgyzstan, Kazakhstan, Japan, Greece, Thailand, Germany, the Philippines, Mexico and the United Arab Emirates, which together accounted for a further 31%.
From March 2022 to March 2023, the biggest increases were in Kazakhstan (with a CAGR of +27.3%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the United States ($66M), Vietnam ($37M) and Kyrgyzstan ($34M) appeared to be the largest markets for brassiere exported from China worldwide, with a combined 34% share of total exports. Japan, Kazakhstan, Germany, Thailand, Indonesia, Greece, the Philippines, Bangladesh, Mexico and the United Arab Emirates lagged somewhat behind, together accounting for a further 29%.
Kazakhstan, with a CAGR of +29.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In March 2023, the brassiere price stood at $1.9 per unit (FOB, China), shrinking by -2.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in February 2023 when the average export price increased by 16% against the previous month. As a result, the export price reached the peak level of $1,917 per thousand units, and then fell in the following month.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Kyrgyzstan ($4.8 per unit), while the average price for exports to Bangladesh ($749 per thousand units) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the brassiere market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into the global cotton yarn market.
Thursday, April 8th, 2021 @ 04:00 pm ET