EU - Socks, Stockings And Other Women's Hosiery - Market Analysis, Forecast, Size, Trends and Insights
Italy Is Losing Its Share in EU Production Of Women's Hosiery
The EU socks, stockings and other women's hosiery market had total revenues of 11.9 billion EUR in 2013, representing a compound annual growth rate (CAGR) of 4.7% between 2007 and 2013. However, in physical terms, the market showed a decline by 11% during the period under review. A significant plunge was observed in 2012, when the market fell by 10.7% to 3,997.3 million pairs.
The output of the four major producing countries of women's hosiery, namely Italy, Portugal, Poland and Germany, represent roughly 65% of EU output. In Italy, a country with a long tradition in producing women's hosiery, the output levels decreased by 5.9% annually from 2009-2013. Portugal was among the major producing countries with the highest growth rates of production, gaining +6.4% from 2009-2013. Production in other major producing countries has decreased over the last five years.
In 2013, Turkey (705.7 million USD), China (678.2 million USD), Pakistan (108.7 million USD) and Indonesia (88.0 million USD) were the main suppliers of socks, stockings and other women's hosiery into the EU, together making up 80% of its total imports. China and Pakistan significantly strengthened their position in the EU imports structure, while Turkey didn't change its share.
In 2013, Switzerland (71.8 million USD) and the Russian Federation (69.1 million USD) were the main destinations of EU exports, together comprising 35% of total exports. From 2009-2013, an average annual growth rate of EU exports into these countries was 1% and 10%, respectively. The USA held the third spot in this ranking with a share of 13%, followed by Norway (7%) and Turkey (5%). While the share of the Russian Federation increased significantly, the share of Norway illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the women's hosiery market in the EU. 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 2025.
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