Sri Lanka: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Sri Lanka

In 2022, the Sri Lankan brassiere, girdle and corset market decreased by X% to $X, falling for the third consecutive year after five years of growth. Over the period under review, consumption recorded a deep setback. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Brassieres, Girdles And Corsets in Sri Lanka

In value terms, brassiere, girdle and corset production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Brassieres, Girdles And Corsets

Exports from Sri Lanka

In 2022, approx. X units of brassieres, girdles and corsets were exported from Sri Lanka; with an increase of X% against the previous year's figure. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. 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 at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, brassiere, girdle and corset exports declined to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The United States (X units), Italy (X units) and the UK (X units) were the main destinations of brassiere, girdle and corset exports from Sri Lanka, with a combined X% share of total exports. Canada, the Netherlands, Germany, Belgium, India and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) remains the key foreign market for brassieres, girdles and corsets exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

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

Export Prices by Country

The average brassiere, girdle and corset export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United Arab Emirates ($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 more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports into Sri Lanka

Brassiere, girdle and corset imports into Sri Lanka contracted rapidly to X units in 2022, dropping by X% against the year before. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021, and then contracted markedly in the following year.

In value terms, brassiere, girdle and corset imports reduced sharply to $X in 2022. Over the period under review, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then plummeted in the following year.

Imports by Country

China (X units), Bangladesh (X units) and Thailand (X units) were the main suppliers of brassiere, girdle and corset imports to Sri Lanka, with a combined X% share of total imports.

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

In value terms, the largest brassiere, girdle and corset suppliers to Sri Lanka were China ($X), Bangladesh ($X) and India ($X), with a combined X% share of total imports.

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

Import Prices by Country

The average brassiere, girdle and corset import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, showed a mild expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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