Japan: Women Hosiery Market 2024

Women Hosiery Market Size in Japan

In 2022, the Japanese women hosiery market increased by 8.7% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a pronounced slump. Women hosiery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Women Hosiery Production in Japan

In value terms, women hosiery production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 4.9%. Women hosiery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Women Hosiery Exports

Exports from Japan

In 2022, the amount of socks, stockings and other women's hosiery exported from Japan dropped notably to X pairs, falling by -21.6% compared with 2021 figures. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +68.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 115% against the previous year. Over the period under review, the exports hit record highs at X pairs in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, women hosiery exports reduced to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +37.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X pairs), Malaysia (X pairs) and the United States (X pairs) were the main destinations of women hosiery exports from Japan, together accounting for 58% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +17.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and the United States ($X) constituted the largest markets for women hosiery exported from Japan worldwide, together accounting for 55% of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +17.1%, saw the highest growth rate of 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

In 2022, the average women hosiery export price amounted to $X per pair, picking up by 8.7% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 decreased by -18.4% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 44% against the previous year. The export price peaked at $X per pair in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per pair), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Japan

In 2022, overseas purchases of socks, stockings and other women's hosiery increased by 5.9% to X pairs, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 7.6% against the previous year. Imports peaked at X pairs in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports rose remarkably to $X in 2022. Overall, imports, however, showed a perceptible shrinkage. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X pairs) constituted the largest supplier of women hosiery to Japan, accounting for a 80% share of total imports. Moreover, women hosiery imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), eightfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.0% per year) and Thailand (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Japan, comprising 72% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.9% per year) and Vietnam (+15.4% per year).

Import Prices by Country

The average women hosiery import price stood at $X per pair in 2022, rising by 3.1% against the previous year. Overall, the import price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 4.9% against the previous year. Over the period under review, average import prices attained the peak figure 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 Thailand ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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