Belgium: Women Hosiery Market 2024

Women Hosiery Market Size in Belgium

After two years of growth, the Belgian women hosiery market decreased by -98.3% to $X in 2022. Over the period under review, consumption showed a dramatic descent. Women hosiery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Women Hosiery Production in Belgium

In value terms, women hosiery production plummeted to $X in 2022 estimated in export price. In general, production faced a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 186%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Women Hosiery Exports

Exports from Belgium

In 2022, shipments abroad of socks, stockings and other women's hosiery decreased by -28.5% to X pairs, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 393%. As a result, the exports reached the peak of X pairs. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, women hosiery exports shrank markedly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 308%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Germany (X pairs), France (X pairs) and the Netherlands (X pairs) were the main destinations of women hosiery exports from Belgium, with a combined 61% share of total exports. Italy, Spain, Poland, Sweden, the Czech Republic, Ireland and the UK lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +23.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the largest markets for women hosiery exported from Belgium worldwide, together accounting for 58% of total exports. Spain, Italy, Poland, the Czech Republic, Sweden, Ireland and the UK lagged somewhat behind, together comprising a further 27%.

Ireland, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, with an increase of 4.1% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2015 an increase of 27%. As a result, the export price reached the peak level of $X per pair. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($X per pair) and the Czech Republic ($X per pair), while the average price for exports to Ireland ($X per pair) and the UK ($X per pair) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.9%), while the prices for the other major destinations experienced a decline.

Women Hosiery Imports

Imports into Belgium

In 2022, overseas purchases of socks, stockings and other women's hosiery decreased by -57.5% to X pairs, falling for the second year in a row after four years of growth. Over the period under review, imports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2020 with an increase of 218% against the previous year. As a result, imports attained the peak of X pairs. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, women hosiery imports dropped significantly to $X in 2022. Overall, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 92% against the previous year. Imports peaked at $X in 2021, and then fell notably in the following year.

Imports by Country

The Netherlands (X pairs), Bulgaria (X pairs) and China (X pairs) were the main suppliers of women hosiery imports to Belgium, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +15.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest women hosiery suppliers to Belgium were the Netherlands ($X), Germany ($X) and China ($X), with a combined 51% share of total imports. Pakistan, Bulgaria, France and Turkey lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Pakistan, with a CAGR of +5.1%, 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

The average women hosiery import price stood at $X per pair in 2022, rising by 34% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 34%. Over the period under review, average import prices reached the maximum at $X per pair in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Germany ($X per pair), while the price for Bulgaria ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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