Pantyhose Market

The article presents an in-depth analysis of the global pantyhose and tights market from 2022 to 2030. It forecasts an increase in consumption and production volumes, as well as import and export trends. Key insights include the growth rates of major consuming and producing countries, market values, per capita consumption statistics, and average prices. The data highlights shifts in market performance and trends over the specified period, offering valuable information for industry stakeholders and analysts.

Market Forecast

Driven by increasing demand for pantyhose and tights worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.0% for the period from 2022 to 2030, which is projected to bring the market volume to 11B pairs by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.8% for the period from 2022 to 2030, which is projected to bring the market value to $23.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Pantyhose And Tights

In 2022, consumption of pantyhose and tights decreased by -0.5% to 7.5B pairs, falling for the third year in a row after five years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of 13B pairs. From 2020 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global pantyhose market value reduced slightly to $13.8B in 2022, which is down by -2% 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $22.2B. From 2020 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Turkey (1.3B pairs), China (1.1B pairs) and Indonesia (243M pairs), together accounting for 35% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Turkey (with a CAGR of +9.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest pantyhose markets worldwide were Turkey ($2.4B), China ($1.5B) and Japan ($400M), with a combined 31% share of the global market.

In terms of the main consuming countries, Turkey, with a CAGR of +8.8%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of pantyhose per capita consumption was registered in Turkey (15 pairs per person), followed by Japan (1.9 pairs per person), Democratic Republic of the Congo (1.5 pairs per person) and Ethiopia (1.3 pairs per person), while the world average per capita consumption of pantyhose was estimated at 1 pairs per person.

In Turkey, pantyhose per capita consumption expanded at an average annual rate of +8.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-4.0% per year) and Democratic Republic of the Congo (+3.1% per year).

Production

World Production of Pantyhose And Tights

In 2022, production of pantyhose and tights increased by 0.6% to 7.6B pairs for the first time since 2019, thus ending a two-year declining trend. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 34%. As a result, production attained the peak volume of 13B pairs. From 2020 to 2022, global production growth remained at a lower figure.

In value terms, pantyhose production fell slightly to $14.1B in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 31%. As a result, production attained the peak level of $21.9B. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (1.6B pairs), Turkey (1.4B pairs) and Indonesia (243M pairs), with a combined 43% share of global production.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +8.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Pantyhose And Tights

In 2022, supplies from abroad of pantyhose and tights was finally on the rise to reach 1.3B pairs for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 16% against the previous year. As a result, imports reached the peak of 2.2B pairs. From 2014 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, pantyhose imports totaled $2.1B in 2022. In general, imports, however, saw a pronounced downturn. The growth pace was the most rapid in 2013 when imports increased by 10%. As a result, imports attained the peak of $3.3B. From 2014 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

The United States (152M pairs), Russia (136M pairs), Germany (98M pairs), Japan (83M pairs), France (68M pairs), the UK (65M pairs), Italy (60M pairs) and Croatia (60M pairs) represented roughly 57% of total imports in 2022. Chile (39M pairs), the Czech Republic (32M pairs), the Netherlands (31M pairs), Spain (31M pairs) and Serbia (23M pairs) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of +8.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($219M), Japan ($190M) and the United States ($181M) constituted the countries with the highest levels of imports in 2022, with a combined 27% share of global imports. Russia, Croatia, France, the UK, Italy, Spain, the Netherlands, Chile, the Czech Republic and Serbia lagged somewhat behind, together comprising a further 40%.

Croatia, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average pantyhose import price amounted to $1.7 per pair, picking up by 4.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Croatia ($2.5 per pair), while Chile ($0.7 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Pantyhose And Tights

In 2022, overseas shipments of pantyhose and tights were finally on the rise to reach 1.4B pairs for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, showed a noticeable shrinkage. Over the period under review, the global exports reached the maximum at 2.1B pairs in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pantyhose exports expanded significantly to $2.4B in 2022. Overall, exports, however, continue to indicate a noticeable descent. Over the period under review, the global exports hit record highs at $3.4B in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (555M pairs) was the major exporter of pantyhose and tights, comprising 39% of total exports. Italy (186M pairs) held the second position in the ranking, followed by Turkey (137M pairs) and Serbia (113M pairs). All these countries together took approx. 30% share of total exports. The following exporters - Croatia (60M pairs), Germany (31M pairs), the United States (29M pairs), Slovakia (28M pairs) and India (27M pairs) - together made up 12% of total exports.

Exports from China decreased at an average annual rate of -4.4% from 2012 to 2022. At the same time, India (+24.6%) and Croatia (+6.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.6% from 2012-2022. Slovakia, Turkey and Serbia experienced a relatively flat trend pattern. By contrast, Germany (-3.3%), the United States (-5.3%) and Italy (-5.9%) illustrated a downward trend over the same period. Turkey (+2.8 p.p.), Croatia (+2.6 p.p.), Serbia (+2.1 p.p.) and India (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while China and Italy saw its share reduced by -3.1% and -3.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pantyhose supplying countries worldwide were China ($617M), Italy ($371M) and Turkey ($247M), with a combined 51% share of global exports. Croatia, Serbia, Germany, India, Slovakia and the United States lagged somewhat behind, together comprising a further 25%.

Among the main exporting countries, India, with a CAGR of +22.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average pantyhose export price amounted to $1.7 per pair, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 5.4%. Over the period under review, the average export prices hit record highs at $1.8 per pair in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($3.2 per pair), while the United States ($1 per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform