Thailand: Brassiere Market 2023

Brassiere Market Size in Thailand

The Thai brassiere market surged to $X in 2021, growing by 27% against the previous year. In general, consumption posted a measured expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Brassiere Production in Thailand

In value terms, brassiere production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2019 with an increase of 365% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Brassiere Exports

Exports from Thailand

In 2021, brassiere exports from Thailand declined to X units, with a decrease of -13.9% compared with the year before. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, brassiere exports dropped remarkably to $X in 2021. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 4% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Brassiere Imports

Imports into Thailand

In 2021, supplies from abroad of brassieres of textile materials, whether or not elasticated decreased by -17.8% to X units, falling for the third year in a row after two years of growth. Overall, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -33.5% against 2018 indices. The growth pace was the most rapid in 2018 when imports increased by 27%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, brassiere imports shrank notably to $X in 2021. In general, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.4% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main brassiere supplier to Thailand, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.8%.

In value terms, China ($X) constituted the largest supplier of brassieres of textile materials, whether or not elasticated to Thailand.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.4%.

Import Prices by Country

The average brassiere import price stood at $X per unit in 2021, increasing by 2.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.5% per year.

Source: IndexBox Platform

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