China: Pantyhose Market 2024

Pantyhose Market Size in China

In 2023, the Chinese pantyhose market decreased by X% to $X, falling for the fourth year in a row after five years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Pantyhose Production in China

In value terms, pantyhose production amounted to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Pantyhose production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

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Pantyhose Exports

Exports from China

In 2023, overseas shipments of pantyhose and tights increased by X% to X pairs, rising for the third consecutive year after two years of decline. Overall, exports, however, showed a noticeable contraction. 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 attained the peak figure at X pairs in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, pantyhose exports skyrocketed to $X in 2023. Over the period under review, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X pairs), Russia (X pairs) and Japan (X pairs) were the main destinations of pantyhose exports from China, with a combined X% share of total exports. Kyrgyzstan, Germany, Kazakhstan, South Africa, Mexico, Greece, the UK, Chile, Algeria and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Russia ($X) and Japan ($X) appeared to be the largest markets for pantyhose exported from China worldwide, with a combined X% share of total exports. Kyrgyzstan, Germany, Kazakhstan, the UK, Mexico, Greece, South Africa, Chile, South Korea and Algeria lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average pantyhose export price amounted to $X per pair, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per pair. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per pair), while the average price for exports to Algeria ($X per pair) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pantyhose Imports

Imports into China

In 2023, purchases abroad of pantyhose and tights decreased by X% to X pairs, falling for the third consecutive year after three years of growth. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X pairs in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, pantyhose imports reduced to $X in 2023. In general, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Japan (X pairs), Italy (X pairs) and Croatia (X pairs) were the main suppliers of pantyhose imports to China, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pantyhose suppliers to China were Italy ($X), Japan ($X) and Spain ($X), together comprising X% of total imports. Austria, Croatia, the Philippines, South Korea, Serbia, Taiwan (Chinese), Poland and Turkey lagged somewhat behind, together accounting for a further X%.

Croatia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average pantyhose import price amounted to $X per pair, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform