Mexico: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Mexico

The Mexican brassiere, girdle and corset market fell to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Brassiere, girdle and corset consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Brassieres, Girdles And Corsets in Mexico

In value terms, brassiere, girdle and corset production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Brassiere, girdle and corset production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Brassieres, Girdles And Corsets

Exports from Mexico

In 2022, shipments abroad of brassieres, girdles and corsets increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, brassiere, girdle and corset exports surged to $X in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure 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 Mexico, with a X% share of total exports. It was followed by Guatemala (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and El Salvador (X% per year).

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

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: Guatemala (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average brassiere, girdle and corset export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

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

Imports of Brassieres, Girdles And Corsets

Imports into Mexico

In 2022, the amount of brassieres, girdles and corsets imported into Mexico surged to X units, jumping by X% on 2021. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, brassiere, girdle and corset imports skyrocketed to $X in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of brassiere, girdle and corset to Mexico, with a X% share of total imports. Moreover, brassiere, girdle and corset imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X units), threefold. The third position in this ranking was held by Vietnam (X units), with a X% share.

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

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

From 2012 to 2022, 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 Colombia (X% per year).

Import Prices by Country

The average brassiere, girdle and corset import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The import price peaked at $X per unit in 2014; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per unit) and Sri Lanka ($X per unit), while the price for Colombia ($X per unit) and China ($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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