United Kingdom: Women Hosiery Market 2024

Women Hosiery Market Size in the UK

The UK women hosiery market skyrocketed to $X in 2022, surging by 19% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Women Hosiery Production in the UK

In value terms, women hosiery production declined modestly to $X in 2022 estimated in export price. Overall, production saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 18%. Women hosiery production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Women Hosiery Exports

Exports from the UK

In 2022, overseas shipments of socks, stockings and other women's hosiery decreased by -15.8% to X pairs, falling for the seventh year in a row after four years of growth. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 49%. The exports peaked at X pairs in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, women hosiery exports expanded modestly to $X in 2022. In general, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 when exports increased by 21% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X pairs), Germany (X pairs) and Belgium (X pairs) were the main destinations of women hosiery exports from the UK, with a combined 51% share of total exports. The Netherlands, Spain, Turkey, France, Poland, the United States, Italy, South Korea, Israel and Iceland lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +43.9%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from the UK, comprising 21% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by the United States, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland totaled -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.6% per year) and the United States (+2.1% per year).

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, surging by 22% against the previous year. Overall, the export price recorded a tangible expansion. The pace of growth was the most pronounced in 2018 an increase of 44% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Germany ($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 Italy (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into the UK

In 2022, the amount of socks, stockings and other women's hosiery imported into the UK rose modestly to X pairs, growing by 3.5% on the year before. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Imports peaked at X pairs in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports surged to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X pairs), Turkey (X pairs) and Pakistan (X pairs) were the main suppliers of women hosiery imports to the UK, with a combined 86% share of total imports. Portugal, Bulgaria and Belgium lagged somewhat behind, together accounting for a further 4.2%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +44.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Pakistan ($X) were the largest women hosiery suppliers to the UK, with a combined 77% share of total imports. Portugal, Bulgaria and Belgium lagged somewhat behind, together comprising a further 5%.

Among the main suppliers, Bulgaria, with a CAGR of +35.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, picking up by 20% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. The import price peaked at $X per pair in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per pair), while the price for Pakistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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