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The European Brassiere, Girdle and Corset Market Peaked at $3.2B

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The European Brassiere, Girdle and Corset Market Peaked at $3.2B

IndexBox has just published a new report: ‘EU – Brassieres, Girdles And Corsets – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The EU brassiere, girdle and corset market expanded modestly to $3.2B in 2019, increasing by 3.5% 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 +2.4% over the period from 2013 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 6.6% y-o-y. The level of consumption peaked in 2019 and is expected to retain growth in the near future.

Consumption by Country

The countries with the highest volumes of brassiere, girdle and corset consumption in 2019 were the UK (156M units), France (100M units) and Germany (99M units), with a combined 44% share of total consumption. These countries were followed by Spain, Italy, the Netherlands, Portugal, Poland, Ireland, Austria, the Czech Republic and Greece, which together accounted for a further 43%.

From 2013 to 2019, the biggest increases were in Ireland, while brassiere, girdle and corset consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset markets in the European Union were Germany ($525M), the UK ($491M) and France ($457M), with a combined 47% share of the total market. Spain, Italy, the Netherlands, Poland, Austria, Ireland, Portugal, the Czech Republic and Greece lagged somewhat behind, together comprising a further 39%.

The countries with the highest levels of brassiere, girdle and corset per capita consumption in 2019 were Ireland (6 units per person), Portugal (3.44 units per person) and Austria (3.26 units per person).

Production in the EU

In 2019, brassiere, girdle and corset production in the European Union reduced to 56M units, shrinking by -14.5% against the previous year’s figure. Over the period under review, production attained the peak volume at 104M units in 2013; however, from 2014 to 2019, production failed to regain the momentum.

Production by Country

The countries with the highest volumes of brassiere, girdle and corset production in 2019 were Croatia (11M units), Spain (9.2M units) and Italy (8M units), with a combined 50% share of total production. These countries were followed by Romania, Poland, Latvia, Hungary, Sweden, Portugal, the Czech Republic, Cyprus and Austria, which together accounted for a further 42%.

From 2013 to 2019, the most notable rate of growth in terms of brassiere, girdle and corset production, amongst the leading producing countries, was attained by Sweden, while production for the other leaders experienced more modest paces of growth.

Imports in the EU

In 2019, imports of brassieres, girdles and corsets in the European Union was estimated at 1.1B units, with an increase of 2% against the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2013 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. In value terms, brassiere, girdle and corset imports declined slightly to $4.2B (IndexBox estimates) in 2019.

Imports by Country

In 2019, the UK (180M units), Germany (156M units) and France (140M units) was the main importer of brassieres, girdles and corsets in the European Union, constituting 43% of total import. Spain (90M units) ranks next in terms of the total imports with an 8.2% share, followed by Italy (6.9%), Austria (6.8%), the Netherlands (6.7%) and Poland (5.2%). Belgium (43M units), Portugal (36M units), Ireland (32M units) and the Czech Republic (25M units) followed a long way behind the leaders.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ireland, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest brassiere, girdle and corset importing markets in the European Union were Germany ($825M), France ($637M) and the UK ($557M), together accounting for 48% of total imports. Italy, the Netherlands, Spain, Austria, Poland, Belgium, the Czech Republic, Portugal and Ireland lagged somewhat behind, together accounting for a further 42%.

Import Prices by Country

The brassiere, girdle and corset import price in the European Union stood at $3.9 per unit in 2019, declining by -4.7% against the previous year. Over the period under review, the import price saw a perceptible decrease. The growth pace was the most rapid in 2014 an increase of 2.4% year-to-year. As a result, import price attained the peak level of $4.6 per unit. From 2015 to 2019, the growth in terms of import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($5.3 per unit), while Ireland ($1.5 per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

menswear

U.S. Menswear Market – Rising Work Clothes Consumption Buoys Current Market Growth

IndexBox has just published a new report: ‘U.S. Men’s And Boys’ Cut And Sew Apparel Market. Analysis And Forecast to 2025′. Here is a summary of the report’s key findings.

The revenue of the menswear market in the U.S. amounted to $2.9B in 2018, jumping by 5.6% 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 +1.5% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2018, when the market value increased by 5.6% against the previous year. In that year, the menswear market reached its peak level, and is likely to continue its growth in the immediate term.

Menswear Production in the U.S.

In value terms, menswear production totaled $1.7B in 2018. The total output value increased at an average annual rate of +1.7% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015, with an increase of 5.3% y-o-y.

Exports from the U.S.

In 2018, menswear exports from the U.S. totaled 39 tonnes, waning by -25.9% against the previous year. Overall, menswear exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016, with an increase of 83% year-to-year. In that year, menswear exports reached their peak of 82 tonnes. From 2017 to 2018, the growth of menswear exports remained at a lower figure. In value terms, menswear exports totaled $416K (IndexBox estimates) in 2018. Over the period under review, menswear exports continue to indicate an abrupt drop. The pace of growth was the most pronounced in 2016, when exports increased by 110% y-o-y. In that year, menswear exports attained their peak of $1.1M. From 2017 to 2018, the growth of menswear exports failed to regain its momentum.

Exports by Country

Belgium (10 tonnes), New Zealand (5.8 tonnes) and Jamaica (4.3 tonnes) were the main destinations of menswear exports from the U.S., with a combined 52% share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Belgium (+1,931.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($122K) emerged as the key foreign market for menswear exports from the U.S., comprising 29% of total menswear exports. The second position in the ranking was occupied by New Zealand ($44K), with a 11% share of total exports. It was followed by the UK, with a 9.1% share.

Export Prices by Country

The average menswear export price stood at $11 per kg in 2018, declining by -16.1% against the previous year. In general, the menswear export price continues to indicate a drastic deduction. Export prices varied noticeably by the country of destination; the country with the highest export price was Jamaica ($28 per kg), while the average price for exports to Belgium ($1 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to New Zealand, while the export prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

Menswear imports into the U.S. totaled 70K tonnes in 2018, surging by 9.6% against the previous year. In value terms, menswear imports amounted to $785M (IndexBox estimates) in 2018.

Imports by Country

In 2018, China (30K tonnes) constituted the largest supplier of menswear to the U.S., accounting for a 42% share of total imports. Moreover, menswear imports from China exceeded the figures recorded by the second largest supplier, Honduras (9.4K tonnes), threefold. Viet Nam (9.1K tonnes) ranked third in terms of total imports with a 13% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from China totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Honduras (+6.2% per year) and Viet Nam (+9.8% per year).

In value terms, China ($285M) constituted the largest supplier of menswear to the U.S., comprising 36% of total menswear imports. The second position in the ranking was occupied by Viet Nam ($136M), with a 17% share of total imports. It was followed by Honduras, with a 9.5% share.

Import Prices by Country

The average menswear import price stood at $11 per kg in 2018, remaining stable against the previous year. Over the period under review, the menswear import price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2016, when the average import price increased by 0.4% y-o-y. Over the period under review, the average import prices for men’s and boys’ cut and sew apparel attained their peak figure at $12 per kg in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Jordan ($23 per kg), while the price for Pakistan ($5.9 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Cambodia, while the import prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform