Brazil: Women Hosiery Market 2024

Women Hosiery Market Size in Brazil

The Brazilian women hosiery market skyrocketed to $X in 2022, jumping by 19% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Women hosiery consumption peaked in 2022 and is expected to retain growth in years to come.

Women Hosiery Production in Brazil

In value terms, women hosiery production amounted to $X in 2022 estimated in export price. Overall, production showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 3.5%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Women Hosiery Exports

Exports from Brazil

In 2022, overseas shipments of socks, stockings and other women's hosiery increased by 63% to X pairs, rising for the second year in a row after three years of decline. Over the period under review, exports saw a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, women hosiery exports skyrocketed to $X in 2022. In general, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X pairs), Uruguay (X pairs) and Bolivia (X pairs) were the main destinations of women hosiery exports from Brazil, with a combined 66% share of total exports. Canada, the United States, Chile and Argentina lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Brazil, comprising 35% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 17% share of total exports. It was followed by Uruguay, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+7.2% per year) and Uruguay (+6.9% per year).

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, waning by -17.5% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per pair in 2013; however, from 2014 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 the United States ($X per pair), while the average price for exports to Argentina ($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 Canada (-3.6%), while the prices for the other major destinations experienced a decline.

Women Hosiery Imports

Imports into Brazil

In 2022, women hosiery imports into Brazil skyrocketed to X pairs, growing by 44% on 2021 figures. Overall, imports recorded significant growth. The growth pace was the most rapid in 2017 when imports increased by 94% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, women hosiery imports soared to $X in 2022. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 60%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X pairs) constituted the largest women hosiery supplier to Brazil, accounting for a 66% share of total imports. Moreover, women hosiery imports from China exceeded the figures recorded by the second-largest supplier, Paraguay (X pairs), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (+59.6% per year) and Pakistan (-18.4% per year).

In value terms, the largest women hosiery suppliers to Brazil were China ($X), Paraguay ($X) and Pakistan ($X), with a combined 86% share of total imports.

Paraguay, with a CAGR of +51.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average women hosiery import price stood at $X per pair in 2022, dropping by -8.5% against the previous year. In general, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum at $X per pair in 2012; however, from 2013 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 Pakistan ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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