Asia: Pantyhose Market 2024

Pantyhose Market Size in Asia

The Asian pantyhose market was estimated at $X in 2023, remaining stable against the previous year. Overall, consumption, however, showed tangible growth. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Pantyhose Production in Asia

In value terms, pantyhose production totaled $X in 2023 estimated in export price. The total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

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Pantyhose Exports

Exports in Asia

In 2023, overseas shipments of pantyhose and tights increased by X% to X pairs, rising for the third consecutive year after three years of decline. In general, exports, however, recorded a mild contraction. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The volume of export peaked at X pairs in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, pantyhose exports amounted to $X in 2023. Overall, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China was the main exporter of pantyhose and tights in Asia, with the volume of exports recording X pairs, which was near X% of total exports in 2023. It was distantly followed by Turkey (X pairs), comprising a X% share of total exports. India (X pairs) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to pantyhose exports from China stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pantyhose supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia stood at $X per pair in 2023, falling by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per pair), while China ($X per pair) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Pantyhose Imports

Imports in Asia

In 2023, imports of pantyhose and tights in Asia expanded modestly to X pairs, surging by X% compared with 2022 figures. Overall, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X pairs. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, pantyhose imports contracted to $X in 2023. In general, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Japan (X pairs) represented the major importer of pantyhose and tights, making up X% of total imports. Kazakhstan (X pairs) ranks second in terms of the total imports with a X% share, followed by Azerbaijan (X%). Turkey (X pairs), South Korea (X pairs), the United Arab Emirates (X pairs), Malaysia (X pairs), Georgia (X pairs), Israel (X pairs), Iraq (X pairs), Armenia (X pairs), Thailand (X pairs) and India (X pairs) held a relatively small share of total imports.

Imports into Japan decreased at an average annual rate of X% from 2012 to 2023. At the same time, Azerbaijan (X%), India (X%), Malaysia (X%), Armenia (X%), Iraq (X%) and Georgia (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, Israel (X%), Turkey (X%), South Korea (X%), Thailand (X%), Kazakhstan (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Azerbaijan (X p.p.), Malaysia (X p.p.), Georgia (X p.p.), Iraq (X p.p.) and Armenia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.), Kazakhstan (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported pantyhose and tights in Asia, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Japan totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per pair in 2023, falling by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per pair in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per pair), while Thailand ($X per pair) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform