South-Eastern Asia: Women Hosiery Market 2024

Women Hosiery Market Size in South-Eastern Asia

The Southeast Asian women hosiery market rose slightly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Women Hosiery Production in South-Eastern Asia

In value terms, women hosiery production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Women Hosiery Exports

Exports in South-Eastern Asia

In 2022, exports of socks, stockings and other women's hosiery in South-Eastern Asia skyrocketed to X pairs, surging by X% compared with the year before. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, women hosiery exports skyrocketed to $X in 2022. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Vietnam was the main exporter of socks, stockings and other women's hosiery in South-Eastern Asia, with the volume of exports reaching X pairs, which was approx. X% of total exports in 2022. It was distantly followed by Indonesia (X pairs), Thailand (X pairs) and Cambodia (X pairs), together comprising a X% share of total exports. Malaysia (X pairs), Singapore (X pairs) and Myanmar (X pairs) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest women hosiery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per pair in 2022, remaining relatively unchanged against the previous year. Export price indicated a notable expansion 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 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per pair in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($X per pair), while Malaysia ($X per pair) was amongst the lowest.

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

Women Hosiery Imports

Imports in South-Eastern Asia

For the eleventh consecutive year, South-Eastern Asia recorded growth in purchases abroad of socks, stockings and other women's hosiery, which increased by X% to X pairs in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, women hosiery imports soared to $X in 2022. Overall, imports recorded a strong increase. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X pairs) was the major importer of socks, stockings and other women's hosiery, achieving X% of total imports. Malaysia (X pairs) held the second position in the ranking, distantly followed by Indonesia (X pairs). All these countries together held approx. X% share of total imports. Singapore (X pairs), Myanmar (X pairs), Vietnam (X pairs) and the Philippines (X pairs) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Vietnam (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. The Philippines experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Myanmar and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest women hosiery importing markets in South-Eastern Asia were Malaysia ($X), Singapore ($X) and Vietnam ($X), together comprising X% of total imports. Thailand, the Philippines, Indonesia and Myanmar lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per pair in 2022, rising by X% against the previous year. Overall, the import price, however, showed a pronounced descent. Over the period under review, import prices attained the maximum at $X per pair in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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