Hosiery and Sock Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Hosiery And Sock Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the hosiery and sock market in the U.S. amounted to $X in 2018, jumping by X% 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). Overall, hosiery and sock consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, with an increase of X% y-o-y. Hosiery and sock consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Hosiery And Sock Production in the USA

In value terms, hosiery and sock production amounted to $X in 2018. In general, hosiery and sock production continues to indicate a deep slump. The pace of growth was the most pronounced in 2018, with an increase of -X% year-to-year.

Hosiery And Sock Exports

Exports from the USA

In 2018, the amount of hosiery and socks exported from the U.S. stood at X tonnes, growing by X% against the previous year. Overall, hosiery and sock exports continue to indicate a perceptible decrease.

In value terms, hosiery and sock exports stood at $X (IndexBox estimates) in 2018.

Exports by Country

The Netherlands (X tonnes), Japan (X tonnes) and Germany (X tonnes) were the main destinations of hosiery and sock exports from the U.S., with a combined X% share of total exports. These countries were followed by Taiwan, Chinese, El Salvador, Belgium, New Zealand, Australia, the UK, Chile, China and China, Hong Kong SAR, which together accounted for a further X%.

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

In value terms, Germany ($X), Japan ($X) and the Netherlands ($X) constituted the largest markets for hosiery and sock exported from the U.S. worldwide, with a combined X% share of total exports. Belgium, El Salvador, Taiwan, Chinese, New Zealand, Australia, the UK, China, Hong Kong SAR, Chile and China lagged somewhat behind, together comprising a further X%.

Export Prices by Country

In 2018, the average hosiery and sock export price amounted to $X per kg, lowering by -X% against the previous year. In general, the hosiery and sock export price continues to indicate an abrupt shrinkage.

Export prices varied noticeably by the country of origin; the country with the highest export price was China, Hong Kong SAR ($X per kg), while the average price for exports to the Netherlands ($X 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 Australia (+X% per year), while the export prices for the other major destinations experienced more modest paces of growth.

Hosiery And Sock Imports

Imports into the USA

In 2018, approx. X tonnes of hosiery and socks were imported into the U.S.; going up by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.

In value terms, hosiery and sock imports amounted to $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. In that year, hosiery and sock imports attained their peak of $X. From 2016 to 2018, the growth of hosiery and sock imports remained at a lower figure.

Imports by Country

In 2018, China (X tonnes) constituted the largest supplier of hosiery and sock to the U.S., with a X% share of total imports. Moreover, hosiery and sock imports from China exceeded the figures recorded by the second largest supplier, Pakistan (X tonnes), sevenfold. The third position in this ranking was occupied by El Salvador (X tonnes), with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and El Salvador (-X% per year).

In value terms, China ($X) constituted the largest supplier of hosiery and sock to the U.S., comprising X% of total hosiery and sock imports. The second position in the ranking was occupied by El Salvador ($X), with a X% share of total imports. It was followed by Honduras, with a X% share.

Import Prices by Country

In 2018, the average hosiery and sock import price amounted to $X per kg, dropping by -X% against the previous year. In general, the hosiery and sock import price continues to indicate a temperate decline.

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

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by El Salvador (+X% per year), while the import prices for the other major suppliers experienced mixed trend patterns.

Companies Mentioned in the Report

Renfro Corporation, Spanx, Thorlo, Kayser-Roth Corporation, Acme - McCrary Corporation, Slane Hosiery Mills, Harriss & Covington Hosiery Mills, Gildan USA, Fox River Mills, Crescent Sock Company, Wells Hosiery Mills, For Bare Feet, Mayo Knitting Mill, Universal Hosiery, Gildan Delaware, Trimfit, Cooper Hosiery Mills, Carolina Hosiery Mills, Star America, Leg Resource, Bossong Hosiery Mills, Twin City Knitting Company, Nester Hosiery, Huffman Finishing Company, Candor Hosiery Mills, Lemco Mills, Roka Apparel Products, US Test Company X, Smith Hosiery, Holt Hosiery Mills

Source: IndexBox Platform