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World - Brassieres - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGlobal Brassieres Market to Experience 2.9% CAGR Growth, Reaching $25B by 2030
IndexBox has just published a new report: World - Brassieres - Market Analysis, Forecast, Size, Trends And Insights.
The brassieres market is forecasted to experience a steady increase in consumption, with a projected CAGR of +2.9% in volume and +5.2% in value from 2023 to 2030. This growth is driven by rising global demand for brassieres, leading to an anticipated market volume of 5.7 billion units and a market value of $25 billion by the end of 2030.
Market Forecast
Driven by increasing demand for brassieres worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.9% for the period from 2023 to 2030, which is projected to bring the market volume to 5.7B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2023 to 2030, which is projected to bring the market value to $25B (in nominal wholesale prices) by the end of 2030.
![Market Value (billion USD, nominal wholesale prices)](/landing/img/charts/brassiere-world-market-overview-2023-840w.png)
Consumption
World Consumption of Brassieres
After two years of growth, consumption of brassieres decreased by -4.3% to 4.7B units in 2023. The total consumption volume increased at an average annual rate of +1.5% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked at 5.5B units in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.
The global brassiere market size declined to $17.6B in 2023, with a decrease of -7.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.0% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Global consumption peaked at $21.1B in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.
Consumption By Country
China (857M units) constituted the country with the largest volume of brassiere consumption, accounting for 18% of total volume. Moreover, brassiere consumption in China exceeded the figures recorded by the second-largest consumer, the United States (417M units), twofold. The third position in this ranking was taken by India (308M units), with a 6.6% share.
In China, brassiere consumption expanded at an average annual rate of +4.7% over the period from 2013-2023. In the other countries, the average annual rates were as follows: the United States (-3.2% per year) and India (+4.6% per year).
In value terms, the largest brassiere markets worldwide were India ($2.1B), China ($2B) and the United States ($1.6B), with a combined 32% share of the global market.
China, with a CAGR of +4.1%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of brassiere per capita consumption in 2023 were the United States (1,238 units per 1000 persons), the UK (1,174 units per 1000 persons) and Japan (1,086 units per 1000 persons).
From 2013 to 2023, the biggest increases were recorded for China (with a CAGR of +4.3%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Brassieres
Global brassiere production expanded slightly to 6.1B units in 2023, growing by 1.8% compared with 2022 figures. The total output volume increased at an average annual rate of +3.7% from 2013 to 2023; 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 the production volume increased by 11%. As a result, production attained the peak volume of 6.2B units. From 2022 to 2023, global production growth remained at a somewhat lower figure.
In value terms, brassiere production declined slightly to $20.6B in 2023 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, global production reached the maximum level at $23.4B in 2019; however, from 2020 to 2023, production failed to regain momentum.
Production By Country
China (3.4B units) remains the largest brassiere producing country worldwide, comprising approx. 56% of total volume. Moreover, brassiere production in China exceeded the figures recorded by the second-largest producer, India (307M units), more than tenfold. The third position in this ranking was held by Bangladesh (269M units), with a 4.4% share.
In China, brassiere production expanded at an average annual rate of +5.1% over the period from 2013-2023. In the other countries, the average annual rates were as follows: India (+4.0% per year) and Bangladesh (+7.3% per year).
Imports
World Imports of Brassieres
After two years of growth, purchases abroad of brassieres decreased by -15.1% to 2.5B units in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, global imports hit record highs at 3B units in 2022, and then shrank dramatically in the following year.
In value terms, brassiere imports reduced to $9.3B in 2023. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Global imports peaked at $10.9B in 2022, and then declined in the following year.
Imports By Country
In 2023, the United States (482M units), distantly followed by Vietnam (140M units) and Germany (126M units) were the major importers of brassieres, together committing 29% of total imports. Japan (93M units), Italy (90M units), Indonesia (90M units), the UK (87M units), France (83M units), Thailand (72M units), the Netherlands (67M units), the United Arab Emirates (67M units), South Korea (57M units) and Russia (56M units) took a minor share of total imports.
From 2013 to 2023, average annual rates of growth with regard to brassiere imports into the United States stood at -2.9%. At the same time, Indonesia (+17.1%), Vietnam (+14.8%), South Korea (+9.7%), Thailand (+5.2%), Italy (+4.7%), Russia (+4.4%) and the Netherlands (+1.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +17.1% from 2013-2023. Germany experienced a relatively flat trend pattern. By contrast, Japan (-1.8%), France (-2.4%), the United Arab Emirates (-4.2%) and the UK (-6.5%) illustrated a downward trend over the same period. From 2013 to 2023, the share of Vietnam and Indonesia increased by +4.1 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($1.9B) constitutes the largest market for imported brassieres worldwide, comprising 20% of global imports. The second position in the ranking was held by Germany ($772M), with an 8.3% share of global imports. It was followed by Japan, with a 5.2% share.
In the United States, brassiere imports plunged by an average annual rate of -2.4% over the period from 2013-2023. In the other countries, the average annual rates were as follows: Germany (+2.3% per year) and Japan (-2.1% per year).
Import Prices By Country
In 2023, the average brassiere import price amounted to $3.7 per unit, approximately equating the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 6.2%. Over the period under review, average import prices attained the maximum at $3.8 per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($6.1 per unit), while Thailand ($0.9 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Brassieres
In 2023, shipments abroad of brassieres decreased by -3.4% to 3.9B units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +3.9% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of 4.1B units. From 2022 to 2023, the growth of the global exports remained at a lower figure.
In value terms, brassiere exports shrank modestly to $11.5B in 2023. The total export value increased at an average annual rate of +1.8% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. Over the period under review, the global exports attained the peak figure at $12B in 2022, and then reduced slightly in the following year.
Exports By Country
China prevails in exports structure, finishing at 2.6B units, which was near 66% of total exports in 2023. Bangladesh (210M units) ranks second in terms of the total exports with a 5.4% share, followed by Vietnam (5.2%). Indonesia (130M units), Sri Lanka (105M units) and the United States (76M units) took a minor share of total exports.
From 2013 to 2023, average annual rates of growth with regard to brassiere exports from China stood at +5.4%. At the same time, Vietnam (+20.5%), Bangladesh (+11.3%), Indonesia (+3.6%) and Sri Lanka (+1.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.5% from 2013-2023. The United States experienced a relatively flat trend pattern. From 2013 to 2023, the share of China, Vietnam and Bangladesh increased by +8.9, +4 and +2.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($4.2B) remains the largest brassiere supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Vietnam ($1.2B), with a 10% share of global exports. It was followed by Bangladesh, with a 6.7% share.
From 2013 to 2023, the average annual rate of growth in terms of value in China stood at +2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+19.7% per year) and Bangladesh (+12.8% per year).
Export Prices By Country
The average brassiere export price stood at $2.9 per unit in 2023, almost unchanged from the previous year. In general, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2022 when the average export price increased by 4.5% against the previous year. The global export price peaked at $3.6 per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($5.9 per unit), while China ($1.6 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global brassiere market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14142530 - Brassieres
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023