Denmark: Women Hosiery Market 2024

Women Hosiery Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish women hosiery market, when its value decreased by -22.1% to $X. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Women Hosiery Production in Denmark

In value terms, women hosiery production declined significantly to $X in 2022 estimated in export price. In general, production continues to indicate a dramatic decrease. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. Women hosiery production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Women Hosiery Exports

Exports from Denmark

In 2022, approx. X pairs of socks, stockings and other women's hosiery were exported from Denmark; rising by 44% on 2021. Overall, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, women hosiery exports rose slightly to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +60.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X pairs), Sweden (X pairs) and Norway (X pairs) were the main destinations of women hosiery exports from Denmark, together accounting for 72% of total exports. Poland, the Netherlands, France, Belgium, Finland, the UK, Russia and Spain lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +37.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Denmark, comprising 26% of total exports. The second position in the ranking was held by Sweden ($X), with a 12% share of total exports. It was followed by Norway, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+2.6% per year) and Norway (+4.5% per year).

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, which is down by -27.2% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. The export price peaked at $X per pair in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per pair), while the average price for exports to Sweden ($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 Poland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Denmark

For the third consecutive year, Denmark recorded growth in overseas purchases of socks, stockings and other women's hosiery, which increased by 5.8% to X pairs in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +60.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, women hosiery imports stood at $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 35%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of women hosiery to Denmark, with a 35% share of total imports. Moreover, women hosiery imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X pairs), twofold. Turkey (X pairs) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+12.5% per year) and Turkey (+4.5% per year).

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Denmark, comprising 29% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.1% per year) and Turkey (+1.3% per year).

Import Prices by Country

The average women hosiery import price stood at $X per pair in 2022, waning by -4.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The growth pace was the most rapid in 2021 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the maximum at $X per pair in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per pair), while the price for Pakistan ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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