Australia: Women Hosiery Market 2024

Women Hosiery Market Size in Australia

In 2022, the Australian women hosiery market increased by 12% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Women Hosiery Production in Australia

In value terms, women hosiery production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 130% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Women Hosiery Exports

Exports from Australia

In 2022, approx. X pairs of socks, stockings and other women's hosiery were exported from Australia; waning by -78.2% against the previous year's figure. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1,289% against the previous year. As a result, the exports reached the peak of X pairs, and then declined dramatically in the following year.

In value terms, women hosiery exports dropped remarkably to $X in 2022. In general, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 602% against the previous year. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

New Zealand (X pairs) was the main destination for women hosiery exports from Australia, with a 57% share of total exports. Moreover, women hosiery exports to New Zealand exceeded the volume sent to the second major destination, Hong Kong SAR (X pairs), threefold. The third position in this ranking was held by the United States (X pairs), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+46.8% per year) and the United States (+5.3% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for socks, stockings and other women's hosiery exports from Australia, comprising 63% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 14% share of total exports. It was followed by the United States, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+31.7% per year) and the United States (+9.6% per year).

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, growing by 62% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women hosiery export price decreased by -18.3% against 2018 indices. The export price peaked at $X per pair in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per pair), while the average price for exports to Hong Kong SAR ($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 China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Australia

In 2022, the amount of socks, stockings and other women's hosiery imported into Australia contracted dramatically to X pairs, declining by -17.4% compared with the year before. Overall, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2015 when imports increased by 24% against the previous year. Imports peaked at X pairs in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports amounted to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +39.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of women hosiery to Australia, accounting for a 70% share of total imports. Moreover, women hosiery imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), fivefold. Turkey (X pairs) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+66.5% per year) and Turkey (+19.1% per year).

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Australia, comprising 74% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+82.0% per year) and Taiwan (Chinese) (+16.2% per year).

Import Prices by Country

The average women hosiery import price stood at $X per pair in 2022, increasing by 35% against the previous year. In general, the import price enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when the average import price increased by 62% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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