Bolivia: Women Hosiery Market 2024

Women Hosiery Market Size in Bolivia

The Bolivian women hosiery market totaled $X in 2022, flattening at the previous year. Over the period under review, consumption, however, saw a deep setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Women Hosiery Production in Bolivia

In value terms, women hosiery production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a temperate expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 56% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Women Hosiery Exports

Exports from Bolivia

In 2022, exports of socks, stockings and other women's hosiery from Bolivia declined sharply to X pairs, dropping by -24.4% compared with 2021 figures. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 1,519%. Over the period under review, the exports hit record highs at X pairs in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, women hosiery exports shrank sharply to $X in 2022. In general, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 664% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cuba (X pairs) was the main destination for women hosiery exports from Bolivia, with a 75% share of total exports. Moreover, women hosiery exports to Cuba exceeded the volume sent to the second major destination, Japan (X pairs), sevenfold. Paraguay (X pairs) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba stood at +143.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+35.7% per year) and Paraguay (-17.1% per year).

In value terms, Cuba ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Bolivia, comprising 74% of total exports. The second position in the ranking was held by Japan ($X), with an 8.6% share of total exports. It was followed by Peru, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba amounted to +77.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+22.4% per year) and Peru (-20.1% per year).

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, reducing by -14.8% against the previous year. In general, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per pair in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Peru ($X per pair), while the average price for exports to Paraguay ($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 Peru (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Bolivia

In 2022, the amount of socks, stockings and other women's hosiery imported into Bolivia soared to X pairs, rising by 81% compared with the previous year. Overall, imports, however, continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 163% against the previous year. As a result, imports reached the peak of X pairs. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, women hosiery imports surged to $X in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 122%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Peru (X pairs), China (X pairs) and Ecuador (X pairs) were the main suppliers of women hosiery imports to Bolivia, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ecuador (with a CAGR of +53.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Bolivia, comprising 52% of total imports. The second position in the ranking was held by Ecuador ($X), with a 16% share of total imports. It was followed by Brazil, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+54.2% per year) and Brazil (-1.5% per year).

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, falling by -20.6% against the previous year. Overall, the import price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 an increase of 163% against the previous year. The import price peaked at $X per pair in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($X per pair), while the price for Peru ($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 (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform