Hong Kong SAR, China: Women Hosiery Market 2024

Women Hosiery Market Size in Hong Kong SAR, China

In 2022, the Hong Kong women hosiery market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Women Hosiery Production in Hong Kong SAR, China

In value terms, women hosiery production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Women Hosiery Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of socks, stockings and other women's hosiery were finally on the rise to reach X pairs after six years of decline. Over the period under review, exports, however, continue to indicate a abrupt decrease. The exports peaked at X pairs in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, women hosiery exports dropped to $X in 2022. In general, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X pairs) was the main destination for women hosiery exports from Hong Kong SAR, with a X% share of total exports. Moreover, women hosiery exports to the United States exceeded the volume sent to the second major destination, China (X pairs), threefold. Australia (X pairs) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Australia (X% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) constituted the largest markets for women hosiery exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Macao SAR, Chile, Australia, Mexico, the UK, Finland, the United Arab Emirates, Canada, Panama and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, recorded 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

The average women hosiery export price stood at $X per pair in 2022, falling by X% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women hosiery export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per pair in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per pair), while the average price for exports to the United States ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Hong Kong SAR, China

In 2022, approx. X pairs of socks, stockings and other women's hosiery were imported into Hong Kong SAR; waning by X% on the previous year's figure. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X pairs in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports shrank remarkably to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of women hosiery to Hong Kong SAR, accounting for a X% share of total imports. Moreover, women hosiery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X pairs), more than tenfold. Vietnam (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, average import prices reached the maximum at $X per pair in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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