Brassiere, Girdle And Corset Market

The article discusses the increasing demand for brassieres, girdles, and corsets worldwide, with projections for market performance and trends from 2022 to 2030. It covers consumption patterns, market value, production volumes, imports, and exports, highlighting key countries involved and their growth rates. The analysis provides insight into the factors influencing the global market for intimate apparel.

Market Forecast

Driven by increasing demand for brassieres, girdles and corsets worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market volume to 6B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market value to $31.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Brassieres, Girdles And Corsets

Global brassiere, girdle and corset consumption contracted to 5.5B units in 2022, waning by -3.2% compared with 2021 figures. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak volume of 6.2B units. From 2020 to 2022, the growth of the global consumption failed to regain momentum.

The global brassiere, girdle and corset market value fell to $24.8B in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $26.8B. From 2020 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (661M units), India (381M units) and China (321M units), with a combined 25% share of global consumption. The Netherlands, Japan, Pakistan, Brazil, Nigeria, the UK, Mexico, Bangladesh, Indonesia and Ethiopia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +25.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, India ($3B), the United States ($2.6B) and Pakistan ($1.3B) were the countries with the highest levels of market value in 2022, with a combined 28% share of the global market. The Netherlands, China, Japan, Brazil, Mexico, Nigeria, the UK, Ethiopia, Bangladesh and Indonesia lagged somewhat behind, together accounting for a further 26%.

The Netherlands, with a CAGR of +25.0%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of brassiere, girdle and corset per capita consumption was registered in the Netherlands (16 units per person), followed by the United States (2 units per person), the UK (1.7 units per person) and Japan (1.4 units per person), while the world average per capita consumption of brassiere, girdle and corset was estimated at 0.7 units per person.

In the Netherlands, brassiere, girdle and corset per capita consumption expanded at an average annual rate of +24.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+0.7% per year) and the UK (-2.3% per year).

Production

World Production of Brassieres, Girdles And Corsets

In 2022, the amount of brassieres, girdles and corsets produced worldwide reduced slightly to 6.9B units, which is down by -4.5% on the year before. The total output volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 16%. Over the period under review, global production attained the maximum volume at 7.3B units in 2021, and then shrank in the following year.

In value terms, brassiere, girdle and corset production contracted to $29.3B in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -13.0% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 27%. As a result, production reached the peak level of $33.7B. From 2020 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of brassiere, girdle and corset production was China (3.1B units), accounting for 45% of total volume. Moreover, brassiere, girdle and corset production in China exceeded the figures recorded by the second-largest producer, India (381M units), eightfold. Bangladesh (326M units) ranked third in terms of total production with a 4.7% share.

In China, brassiere, girdle and corset production increased at an average annual rate of +4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.0% per year) and Bangladesh (+7.0% per year).

Imports

World Imports of Brassieres, Girdles And Corsets

In 2022, supplies from abroad of brassieres, girdles and corsets increased by 2.1% to 3B units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, brassiere, girdle and corset imports rose slightly to $11.1B in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 23%. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports By Country

The United States represented the largest importer of brassieres, girdles and corsets in the world, with the volume of imports amounting to 699M units, which was approx. 24% of total imports in 2022. It was distantly followed by Germany (159M units), mixing up a 5.4% share of total imports. France (130M units), the UK (125M units), Japan (121M units), the Netherlands (104M units), Indonesia (92M units), Italy (90M units), Thailand (74M units), Spain (66M units), Chile (65M units), China (64M units) and South Korea (63M units) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +1.0% from 2012 to 2022. At the same time, China (+26.6%), Chile (+14.9%), the Netherlands (+7.4%), South Korea (+7.2%), Indonesia (+4.8%), Italy (+4.5%), Thailand (+4.5%), Germany (+2.4%) and France (+2.0%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +26.6% from 2012-2022. Spain and Japan experienced a relatively flat trend pattern. By contrast, the UK (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Chile and the Netherlands increased by +1.9, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($2.9B) constitutes the largest market for imported brassieres, girdles and corsets worldwide, comprising 26% of global imports. The second position in the ranking was taken by Germany ($858M), with a 7.7% share of global imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +2.3%. In the other countries, the average annual rates were as follows: Germany (+3.2% per year) and Japan (-2.0% per year).

Imports By Type

Brassieres prevails in imports structure, recording 2.8B units, which was near 95% of total imports in 2022. It was distantly followed by girdles and panty-girdles, whether or not knitted or crocheted (134M units), committing a 4.5% share of total imports.

Brassieres was also the fastest-growing in terms of imports, with a CAGR of +1.5% from 2012 to 2022. Girdles and panty-girdles, whether or not knitted or crocheted experienced a relatively flat trend pattern. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, brassieres ($10.5B) constitutes the largest type of brassieres, girdles and corsets imported worldwide, comprising 95% of global imports. The second position in the ranking was taken by girdles and panty-girdles, whether or not knitted or crocheted ($461M), with a 4.1% share of global imports.

For brassieres, imports increased at an average annual rate of +1.6% over the period from 2012-2022. For the other products, the average annual rates were as follows: girdles and panty-girdles, whether or not knitted or crocheted (-0.4% per year) and corselettes, whether or not knitted or crocheted (-2.4% per year).

Import Prices By Type

The average brassiere, girdle and corset import price stood at $3.7 per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 5% against the previous year. As a result, import price attained the peak level of $3.8 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was corselettes, whether or not knitted or crocheted ($6.1 per unit), while the price for girdles and panty-girdles, whether or not knitted or crocheted ($3.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by brassiere (+0.1%), while the other products experienced a decline in the import price figures.

Import Prices By Country

In 2022, the average brassiere, girdle and corset import price amounted to $3.7 per unit, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 5%. As a result, import price reached the peak level of $3.8 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($5.4 per unit), while Indonesia ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Brassieres, Girdles And Corsets

In 2022, global exports of brassieres, girdles and corsets contracted modestly to 4.4B units, shrinking by -1.9% compared with 2021 figures. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.1% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of 4.4B units, and then dropped slightly in the following year.

In value terms, brassiere, girdle and corset exports fell modestly to $12.6B in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, the exports attained the peak of $12.7B, and then reduced slightly in the following year.

Exports By Country

China prevails in exports structure, resulting at 2.8B units, which was near 65% of total exports in 2022. Bangladesh (252M units) held a 5.8% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (5.1%). Indonesia (130M units), Sri Lanka (127M units) and Germany (69M units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to brassiere, girdle and corset exports from China stood at +7.3%. At the same time, Vietnam (+26.0%), Bangladesh (+15.4%), Sri Lanka (+6.2%), Germany (+3.7%) and Indonesia (+3.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +26.0% from 2012-2022. From 2012 to 2022, the share of China, Vietnam and Bangladesh increased by +11, +4.3 and +3.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($5B) remains the largest brassiere, girdle and corset supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by Vietnam ($1.1B), with an 8.7% share of global exports. It was followed by Bangladesh, with a 6.9% share.

In China, brassiere, girdle and corset exports increased at an average annual rate of +5.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+21.5% per year) and Bangladesh (+16.9% per year).

Exports By Type

Brassieres prevails in exports structure, resulting at 4.2B units, which was near 95% of total exports in 2022. Girdles and panty-girdles, whether or not knitted or crocheted (123M units) and corselettes, whether or not knitted or crocheted (81M units) took a relatively small share of total exports.

Brassieres was also the fastest-growing in terms of exports, with a CAGR of +5.6% from 2012 to 2022. At the same time, corselettes, whether or not knitted or crocheted (+2.4%) and girdles and panty-girdles, whether or not knitted or crocheted (+1.5%) displayed positive paces of growth. Brassieres (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other products remained relatively stable throughout the analyzed period.

In value terms, brassieres ($11.8B) remains the largest type of brassieres, girdles and corsets supplied worldwide, comprising 94% of global exports. The second position in the ranking was taken by girdles and panty-girdles, whether or not knitted or crocheted ($457M), with a 3.6% share of global exports.

From 2012 to 2022, the average annual growth rate of the value of brassieres exports totaled +3.0%. For the other products, the average annual rates were as follows: girdles and panty-girdles, whether or not knitted or crocheted (+1.9% per year) and corselettes, whether or not knitted or crocheted (+1.3% per year).

Export Prices By Type

In 2022, the average brassiere, girdle and corset export price amounted to $2.9 per unit, approximately equating the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2018 an increase of 1.5%. Over the period under review, the average export prices attained the peak figure at $3.7 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exported products. In 2022, the product with the highest price was corselettes, whether or not knitted or crocheted ($4.2 per unit), while the average price for exports of brassieres ($2.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by girdles and panty-girdles, whether or not knitted or crocheted (+0.4%), while the other products experienced a decline in the export price figures.

Export Prices By Country

The average brassiere, girdle and corset export price stood at $2.9 per unit in 2022, approximately reflecting the previous year. In general, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 1.5% against the previous year. The global export price peaked at $3.7 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($6.2 per unit), while China ($1.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform