Western Africa: Women Hosiery Market 2024

Women Hosiery Market Size in Western Africa

The West African women hosiery market reached $X in 2022, increasing by X% against the previous year. Overall, consumption enjoyed a noticeable expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Women Hosiery Production in Western Africa

In value terms, women hosiery production expanded remarkably to $X in 2022 estimated in export price. In general, production saw a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Women Hosiery Exports

Exports in Western Africa

In 2022, overseas shipments of socks, stockings and other women's hosiery decreased by X% to X pairs, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X pairs in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, women hosiery exports dropped notably to $X in 2022. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Mauritania (X pairs), distantly followed by Senegal (X pairs), Sierra Leone (X pairs), Guinea (X pairs), Nigeria (X pairs) and Ghana (X pairs) were the major exporters of socks, stockings and other women's hosiery, together generating X% of total exports. Togo (X pairs) held a minor share of total exports.

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

In value terms, the largest women hosiery supplying countries in Western Africa were Senegal ($X), Ghana ($X) and Sierra Leone ($X), with a combined X% share of total exports. Mauritania, Guinea, Nigeria and Togo lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per pair, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a temperate increase. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked at $X per pair in 2021, and then shrank sharply in the following year.

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 Ghana ($X per pair), while Togo ($X per pair) was amongst the lowest.

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

Women Hosiery Imports

Imports in Western Africa

In 2022, the amount of socks, stockings and other women's hosiery imported in Western Africa expanded rapidly to X pairs, picking up by X% on the year before. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X pairs. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, women hosiery imports contracted significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X pairs), distantly followed by Senegal (X pairs), Ghana (X pairs) and Mauritania (X pairs) represented the key importers of socks, stockings and other women's hosiery, together generating X% of total imports. Burkina Faso (X pairs), Guinea (X pairs) and Sierra Leone (X pairs) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sierra Leone (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported socks, stockings and other women's hosiery in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Mauritania ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per pair, waning by X% against the previous year. In general, the import price recorded a deep setback. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per pair in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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