Czech Republic: Women Hosiery Market 2024

Women Hosiery Market Size in the Czech Republic

The Czech women hosiery market skyrocketed to $X in 2022, growing by 18% against the previous year. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.9% against 2020 indices. Women hosiery consumption peaked in 2022 and is expected to retain growth in the near future.

Women Hosiery Production in the Czech Republic

In value terms, women hosiery production soared to $X in 2022 estimated in export price. Overall, production, however, enjoyed a moderate increase. The growth pace was the most rapid in 2017 with an increase of 103%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Women Hosiery Exports

Exports from the Czech Republic

In 2022, the amount of socks, stockings and other women's hosiery exported from the Czech Republic reduced to X pairs, declining by -9.7% compared with the previous year. Over the period under review, total exports indicated a moderate increase from 2012 to 2022: its volume 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 decreased by -16.3% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 50%. Over the period under review, the exports reached the peak figure at X pairs in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, women hosiery exports contracted to $X in 2022. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell slightly in the following year.

Exports by Country

Germany (X pairs), Poland (X pairs) and Slovakia (X pairs) were the main destinations of women hosiery exports from the Czech Republic, with a combined 68% share of total exports. Austria, Romania, Spain, Hungary, Slovenia and the UK lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +24.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from the Czech Republic, comprising 43% of total exports. The second position in the ranking was held by Slovakia ($X), with a 12% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+1.0% per year) and Poland (+10.1% per year).

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, growing by 5.9% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 increased by +17.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per pair), while the average price for exports to Poland ($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 Hungary (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into the Czech Republic

In 2022, imports of socks, stockings and other women's hosiery into the Czech Republic expanded remarkably to X pairs, with an increase of 15% against the year before. Over the period under review, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when imports increased by 35% against the previous year. Imports peaked at X pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, women hosiery imports amounted to $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X pairs) constituted the largest women hosiery supplier to the Czech Republic, accounting for a 36% share of total imports. Moreover, women hosiery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X pairs), twofold. Vietnam (X pairs) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.8% per year) and Vietnam (+46.4% per year).

In value terms, China ($X), Turkey ($X) and Pakistan ($X) appeared to be the largest women hosiery suppliers to the Czech Republic, together comprising 60% of total imports. Poland, Germany, Vietnam and Portugal lagged somewhat behind, together accounting for a further 18%.

Vietnam, with a CAGR of +49.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, shrinking by -9.2% against the previous year. In general, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 69% against the previous year. The import price peaked at $X per pair in 2021, and then reduced in the following year.

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 Turkey ($X per pair), while the price for Vietnam ($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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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