Mexico: Brassiere Market 2024

Brassiere Market Size in Mexico

The Mexican brassiere market shrank to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Brassiere Production in Mexico

In value terms, brassiere production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Brassiere production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Brassiere Exports

Exports from Mexico

In 2022, shipments abroad of brassieres increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, brassiere exports skyrocketed to $X in 2022. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for brassiere exports from Mexico, with a X% share of total exports. It was followed by Guatemala (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and El Salvador (X% per year).

In value terms, the United States ($X) remains the key foreign market for brassieres exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Guatemala ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and El Salvador (X% per year).

Export Prices by Country

In 2022, the average brassiere export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Brassiere Imports

Imports into Mexico

In 2022, the amount of brassieres imported into Mexico surged to X units, picking up by X% on 2021. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, brassiere imports skyrocketed to $X in 2022. Overall, imports showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest brassiere supplier to Mexico, accounting for a X% share of total imports. Moreover, brassiere imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was taken by Sri Lanka (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

In value terms, China ($X) constituted the largest supplier of brassieres to Mexico, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The average brassiere import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Indonesia ($X per unit), while the price for Thailand ($X per unit) and Bangladesh ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :