Vietnam: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Vietnam

In 2022, the Vietnamese brassiere, girdle and corset market decreased by X% to $X, falling for the second consecutive year after four years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Brassiere, girdle and corset consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Brassieres, Girdles And Corsets in Vietnam

In value terms, brassiere, girdle and corset production stood at $X in 2022 estimated in export price. Overall, production posted resilient growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Brassiere, girdle and corset production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from Vietnam

In 2022, approx. X units of brassieres, girdles and corsets were exported from Vietnam; increasing by X% against the previous year. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, brassiere, girdle and corset exports reached $X in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for brassiere, girdle and corset exports from Vietnam, with a X% share of total exports. Moreover, brassiere, girdle and corset exports to the United States exceeded the volume sent to the second major destination, Japan (X units), fivefold. The third position in this ranking was taken by China (X units), with a X% share.

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

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

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

Export Prices by Country

In 2022, the average brassiere, girdle and corset export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per unit) and South Korea ($X per unit), while the average price for exports to Japan ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

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

Imports of Brassieres, Girdles And Corsets

Imports into Vietnam

Brassiere, girdle and corset imports into Vietnam surged to X units in 2022, increasing by X% compared with the previous year's figure. Overall, imports showed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, brassiere, girdle and corset imports soared to $X in 2022. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of brassiere, girdle and corset to Vietnam, with a X% share of total imports. Moreover, brassiere, girdle and corset imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. Indonesia (X units) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average brassiere, girdle and corset import price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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