Japan: Brassiere Market 2023

Brassiere Market Size in Japan

In 2021, after two years of decline, there was significant growth in the Japanese brassiere market, when its value increased by 13% to $X. In general, consumption, however, saw a mild curtailment. Brassiere consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Brassiere Production in Japan

In value terms, brassiere production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 194%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Brassiere Exports

Exports from Japan

In 2021, exports of brassieres of textile materials, whether or not elasticated from Japan reduced to X units, waning by -10.5% on 2020 figures. In general, exports showed a slight decrease. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, brassiere exports shrank modestly to $X in 2021. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for brassiere exports from Japan, with a 47% share of total exports. Moreover, brassiere exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), twofold. Hong Kong SAR (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-6.0% per year) and Hong Kong SAR (+1.7% per year).

In value terms, the largest markets for brassiere exported from Japan were China ($X), Taiwan (Chinese) ($X) and Thailand ($X), together accounting for 77% of total exports. Hong Kong SAR, South Korea, Singapore, the Netherlands and Malaysia lagged somewhat behind, together accounting for a further 21%.

The Netherlands, with a CAGR of +48.4%, saw 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.

Brassiere Imports

Imports into Japan

Brassiere imports into Japan fell modestly to X units in 2021, declining by -3.2% on 2020. Over the period under review, imports recorded a mild setback. The pace of growth was the most pronounced in 2016 with an increase of 6.4%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, brassiere imports shrank modestly to $X in 2021. Overall, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest brassiere supplier to Japan, accounting for a 79% share of total imports. Moreover, brassiere imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+5.4% per year) and Thailand (-3.4% per year).

In value terms, China ($X) constituted the largest supplier of brassieres of textile materials, whether or not elasticated to Japan, comprising 72% of total imports. The second position in the ranking was held by Vietnam ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+3.4% per year) and Thailand (-5.4% per year).

Import Prices by Country

In 2021, the average brassiere import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 4.3%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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