Southern Asia: Pantyhose Market 2024

Pantyhose Market Size in Southern Asia

The South Asian pantyhose market declined modestly to $X in 2023, falling by X% against the previous year. Over the period under review, consumption recorded a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Pantyhose Production in Southern Asia

In value terms, pantyhose production contracted modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

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Pantyhose Exports

Exports in Southern Asia

In 2023, approx. X pairs of pantyhose and tights were exported in Southern Asia; rising by X% against 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in the near future.

In value terms, pantyhose exports reduced to $X in 2023. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

In 2023, India (X pairs) was the major exporter of pantyhose and tights, comprising X% of total exports. Bangladesh (X pairs) held the second position in the ranking, distantly followed by Sri Lanka (X pairs) and Pakistan (X pairs). All these countries together took approx. X% share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh and Sri Lanka saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, India ($X) remains the largest pantyhose supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per pair, declining by X% against the previous year. Export price indicated modest growth from 2012 to 2023: its price 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, pantyhose export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per pair in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Bangladesh ($X per pair) and Pakistan ($X per pair), while Sri Lanka ($X per pair) and India ($X per pair) were amongst the lowest.

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

Pantyhose Imports

Imports in Southern Asia

In 2023, supplies from abroad of pantyhose and tights decreased by X% to X pairs, falling for the fourth year in a row after five years of growth. Over the period under review, imports, however, showed a resilient increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X pairs in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, pantyhose imports dropped markedly to $X in 2023. Overall, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, resulting at X pairs, which was approx. X% of total imports in 2023. The following importers - Sri Lanka (X pairs) and Maldives (X pairs) - together made up X% of total imports.

India was also the fastest-growing in terms of the pantyhose and tights imports, with a CAGR of X% from 2012 to 2023. At the same time, Maldives (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Maldives and Sri Lanka saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, India ($X) constitutes the largest market for imported pantyhose and tights in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports.

In India, pantyhose imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Maldives (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per pair in 2023, remaining constant against the previous year. In general, the import price showed a slight curtailment. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per pair. From 2015 to 2023, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform