Malaysia: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Malaysia

In 2023, the Malaysian brassiere, girdle and corset market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs in 2023 and is likely to see gradual growth in years to come.

Production of Brassieres, Girdles And Corsets in Malaysia

In value terms, brassiere, girdle and corset production shrank to $X in 2023 estimated in export price. In general, production showed a pronounced contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Brassiere, girdle and corset production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from Malaysia

After two years of growth, overseas shipments of brassieres, girdles and corsets decreased by X% to X units in 2023. In general, exports showed a mild decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2022, and then contracted rapidly in the following year.

In value terms, brassiere, girdle and corset exports shrank significantly to $X in 2023. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

The United Arab Emirates (X units), India (X units) and Germany (X units) were the main destinations of brassiere, girdle and corset exports from Malaysia, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for brassiere, girdle and corset exported from Malaysia were Germany ($X), the United Arab Emirates ($X) and the United States ($X), with a combined X% share of total exports. India, Turkey, Singapore, Hong Kong SAR, Indonesia, Canada, the Philippines, Australia, Thailand and Mexico lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brassiere, girdle and corset export price stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Brassieres, Girdles And Corsets

Imports into Malaysia

After two years of growth, supplies from abroad of brassieres, girdles and corsets decreased by X% to X units in 2023. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2022, and then shrank dramatically in the following year.

In value terms, brassiere, girdle and corset imports reduced notably to $X in 2023. Overall, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then reduced rapidly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest brassiere, girdle and corset supplier to Malaysia, with a X% share of total imports. Moreover, brassiere, girdle and corset imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), fourfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, 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: Bangladesh (X% per year) and Vietnam (X% per year).

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

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2023, the average brassiere, girdle and corset import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform