Hong Kong SAR, China: Brassiere Market 2023

Brassiere Market Size in Hong Kong SAR, China

The Hong Kong brassiere market stood at $X in 2021, growing by 12% against the previous year. Overall, consumption saw moderate growth. Brassiere consumption peaked in 2021 and is expected to retain growth in years to come.

Brassiere Production in Hong Kong SAR, China

In value terms, brassiere production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Brassiere Exports

Exports from Hong Kong SAR, China

After eight years of decline, overseas shipments of brassieres of textile materials, whether or not elasticated increased by 12% to X units in 2021. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, brassiere exports amounted to $X in 2021. Overall, exports, however, faced a abrupt contraction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for brassiere exports from Hong Kong SAR, accounting for a 38% share of total exports. Moreover, brassiere exports to the United States exceeded the volume sent to the second major destination, Japan (X units), fourfold. Germany (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.0% per year) and Germany (-13.6% per year).

In value terms, the United States ($X) remains the key foreign market for brassieres of textile materials, whether or not elasticated exports from Hong Kong SAR, comprising 38% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.4% share of total exports. It was followed by Germany, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.7% per year) and Germany (-11.2% per year).

Export Prices by Country

In 2021, the average brassiere export price amounted to $X per unit, surging by 1.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per unit) and Australia ($X per unit), while the average price for exports to France ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Brassiere Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of brassieres of textile materials, whether or not elasticated was finally on the rise to reach X units after three years of decline. In general, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by 16%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, brassiere imports skyrocketed to $X in 2021. Overall, imports, however, saw a deep contraction. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main brassiere supplier to Hong Kong SAR, accounting for a 92% share of total imports. It was followed by Vietnam (X units), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -9.1%.

In value terms, China ($X) constituted the largest supplier of brassieres of textile materials, whether or not elasticated to Hong Kong SAR, comprising 92% of total imports. The second position in the ranking was held by Vietnam ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -8.8%.

Import Prices by Country

The average brassiere import price stood at $X per unit in 2021, with an increase of 8.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.4%).

Source: IndexBox Platform