Latin America and the Caribbean: Brassiere Market 2024

Brassiere Market Size in Latin America and the Caribbean

The Latin American brassiere market contracted to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Brassiere Production in Latin America and the Caribbean

In value terms, brassiere production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced slump. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Brassiere Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of brassieres were exported in Latin America and the Caribbean; with a decrease of X% compared with the year before. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, brassiere exports dropped slightly to $X in 2022. Overall, exports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras was the largest exporter of brassieres in Latin America and the Caribbean, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. El Salvador (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%), the Dominican Republic (X%) and Colombia (X%). The following exporters - Panama (X units) and Guatemala (X units) - each recorded a X% share of total exports.

Honduras experienced a relatively flat trend pattern with regard to volume of exports of brassieres. At the same time, Mexico (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%), Guatemala (X%), the Dominican Republic (X%) and Panama (X%) illustrated a downward trend over the same period. Honduras (X p.p.), Mexico (X p.p.) and El Salvador (X p.p.) significantly strengthened its position in terms of the total exports, while the Dominican Republic and Panama saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Honduras ($X) remains the largest brassiere supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by El Salvador, with a X% share.

In Honduras, brassiere exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and El Salvador (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

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

Brassiere Imports

Imports in Latin America and the Caribbean

Brassiere imports contracted to X units in 2022, reducing by X% against 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, brassiere imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Chile (X units), distantly followed by Guatemala (X units), Mexico (X units), Peru (X units), El Salvador (X units) and Ecuador (X units) were the main importers of brassieres, together committing X% of total imports. The following importers - Brazil (X units), Costa Rica (X units), Colombia (X units), Panama (X units), Paraguay (X units), Venezuela (X units) and Nicaragua (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Peru ($X), with a combined X% share of total imports.

Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Mexico ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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