Australia and Oceania: Women Hosiery Market 2024

Women Hosiery Market Size in Australia and Oceania

In 2022, the women hosiery market in Australia and Oceania increased by 8.5% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Women Hosiery Production in Australia and Oceania

In value terms, women hosiery production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 296%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Women Hosiery Exports

Exports in Australia and Oceania

In 2022, the amount of socks, stockings and other women's hosiery exported in Australia and Oceania shrank notably to X pairs, falling by -63.8% on the previous year's figure. Over the period under review, exports saw a mild descent. The growth pace was the most rapid in 2021 when exports increased by 650% against the previous year. As a result, the exports reached the peak of X pairs, and then contracted sharply in the following year.

In value terms, women hosiery exports dropped dramatically to $X in 2022. Overall, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 213% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Australia was the key exporter of socks, stockings and other women's hosiery in Australia and Oceania, with the volume of exports amounting to X pairs, which was approx. 54% of total exports in 2022. It was distantly followed by New Zealand (X pairs), Vanuatu (X pairs) and Micronesia (X pairs), together constituting a 46% 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 Vanuatu (with a CAGR of +140.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest women hosiery supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and Micronesia ($X), with a combined 100% share of total exports. These countries were followed by Vanuatu, which accounted for a further less than 0.1%.

Vanuatu, with a CAGR of +65.8%, 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 Australia and Oceania amounted to $X per pair, growing by 78% against the previous year. Overall, the export price continues to indicate perceptible growth. The level of export peaked at $X per pair in 2015; however, from 2016 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 New Zealand ($X per pair), while Vanuatu (less than $X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+3.6%), while the other leaders experienced a decline in the export price figures.

Women Hosiery Imports

Imports in Australia and Oceania

In 2022, the amount of socks, stockings and other women's hosiery imported in Australia and Oceania fell to X pairs, reducing by -12.5% on 2021 figures. In general, imports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Over the period under review, imports reached the peak figure at X pairs in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports rose markedly to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +39.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Australia (X pairs) represented the largest importer of socks, stockings and other women's hosiery, making up 79% of total imports. It was distantly followed by New Zealand (X pairs), achieving an 18% share of total imports. Papua New Guinea (X pairs) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -3.7% from 2012 to 2022. At the same time, New Zealand (+1.2%) and Papua New Guinea (+1.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +1.2% from 2012-2022. While the share of New Zealand (+6.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported socks, stockings and other women's hosiery in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

In Australia, women hosiery imports increased at an average annual rate of +6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+4.2% per year) and Papua New Guinea (+4.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per pair in 2022, jumping by 26% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women hosiery import price increased by +24.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 53%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Australia ($X per pair), while Papua New Guinea ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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