Myanmar: Women Hosiery Market 2025

Women Hosiery Market Size in Myanmar

The Myanmar's women hosiery market reached $X in 2022, approximately reflecting the previous year. Over the period under review, consumption recorded measured growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Women Hosiery Production in Myanmar

In value terms, women hosiery production amounted to $X in 2022 estimated in export price. Overall, production showed pronounced growth. The pace of growth appeared the most rapid in 2019 with an increase of 70%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Women Hosiery Exports

Exports from Myanmar

Women hosiery exports from Myanmar soared to X pairs in 2022, picking up by 195% against 2021 figures. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 103,339%. The exports peaked at X pairs in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, women hosiery exports soared to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 114,640% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X pairs) was the main destination for women hosiery exports from Myanmar, accounting for a 50% share of total exports. Moreover, women hosiery exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X pairs), fourfold. Mexico (X pairs) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +91.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.9% per year) and Mexico (-14.4% per year).

In value terms, the UK ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Myanmar, comprising 54% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports. It was followed by Slovenia, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +98.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.4% per year) and Slovenia (+30.3% per year).

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, falling by -29.5% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 211% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per pair in 2019; however, from 2020 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 ($X per pair), while the average price for exports to China ($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 Germany (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Myanmar

In 2022, supplies from abroad of socks, stockings and other women's hosiery increased by 229% to X pairs, rising for the second year in a row after three years of decline. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,280%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, women hosiery imports soared to $X in 2022. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,264%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X pairs) was the main supplier of women hosiery to Myanmar, accounting for a 96% share of total imports. It was followed by Thailand (X pairs), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +14.4%.

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Myanmar, comprising 93% of total imports. The second position in the ranking was held by Thailand ($X), with a 5.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.9%.

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, which is down by -2.7% against the previous year. In general, the import price showed a slight decrease. The pace of growth was the most pronounced in 2013 an increase of 42%. The import price peaked at $X per pair in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Thailand ($X per pair), while the price for China amounted to $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.0%).

Source: IndexBox Platform

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