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