CIS: Women Hosiery Market 2024

Women Hosiery Market Size in CIS

The CIS women hosiery market shrank remarkably to $X in 2022, with a decrease of -17.5% against the previous year. In general, consumption saw a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Women Hosiery Production in CIS

In value terms, women hosiery production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable contraction. The growth pace was the most rapid in 2013 with an increase of 21%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Women Hosiery Exports

Exports in CIS

In 2022, exports of socks, stockings and other women's hosiery in the CIS expanded rapidly to X pairs, rising by 14% on the previous year. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 155%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, women hosiery exports expanded rapidly to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 102% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Belarus (X pairs), Kyrgyzstan (X pairs) and Uzbekistan (X pairs), together accounting for 83% of total export. It was distantly followed by Russia (X pairs), mixing up a 14% share of total exports. Armenia (X pairs) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +72.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest women hosiery supplying countries in the CIS were Uzbekistan ($X), Belarus ($X) and Russia ($X), together accounting for 84% of total exports. Kyrgyzstan and Armenia lagged somewhat behind, together accounting for a further 14%.

Among the main exporting countries, Armenia, with a CAGR of +59.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per pair in 2022, falling by -2% against the previous year. In general, the export price, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2014 when the export price increased by 264%. As a result, the export price reached the peak level of $X per pair. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per pair), while Kyrgyzstan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+1.0%), while the other leaders experienced a decline in the export price figures.

Women Hosiery Imports

Imports in CIS

In 2022, after two years of growth, there was significant decline in supplies from abroad of socks, stockings and other women's hosiery, when their volume decreased by -26.4% to X pairs. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. As a result, imports attained the peak of X pairs, and then reduced notably in the following year.

In value terms, women hosiery imports shrank sharply to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +23.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the main importer of socks, stockings and other women's hosiery in the CIS, with the volume of imports finishing at X pairs, which was near 73% of total imports in 2022. Kyrgyzstan (X pairs) ranks second in terms of the total imports with an 11% share, followed by Kazakhstan (10%). Azerbaijan (X pairs) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to women hosiery imports into Russia stood at +16.3%. At the same time, Azerbaijan (+30.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +30.4% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (-8.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Azerbaijan increased by +45 and +2.3 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported socks, stockings and other women's hosiery in the CIS, comprising 58% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 23% share of total imports. It was followed by Kyrgyzstan, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (+1.4% per year) and Kyrgyzstan (+3.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per pair, increasing by 8.9% against the previous year. Overall, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 when the import price increased by 57%. As a result, import price attained the peak level of $X per pair. From 2015 to 2022, the import prices remained at a lower figure.

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 Kazakhstan ($X per pair), while Kyrgyzstan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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