Peru: Women Hosiery Market 2024

Women Hosiery Market Size in Peru

The Peruvian women hosiery market reduced to $X in 2022, with a decrease of -2.1% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Women Hosiery Production in Peru

In value terms, women hosiery production dropped to $X in 2022 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Women Hosiery Exports

Exports from Peru

In 2022, approx. X pairs of socks, stockings and other women's hosiery were exported from Peru; surging by 3.8% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 20% against the previous year. Over the period under review, the exports attained the maximum at X pairs in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, women hosiery exports skyrocketed to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +86.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X pairs) was the main destination for women hosiery exports from Peru, with a 80% share of total exports. Moreover, women hosiery exports to the United States exceeded the volume sent to the second major destination, Bolivia (X pairs), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+36.2% per year) and Chile (+3.5% per year).

In value terms, the United States ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Peru, comprising 53% of total exports. The second position in the ranking was held by Chile ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-6.8% per year) and Bolivia (+25.1% per year).

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, rising by 56% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per pair), while the average price for exports to Bolivia ($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 States (+3.3%), while the prices for the other major destinations experienced a decline.

Women Hosiery Imports

Imports into Peru

In 2022, purchases abroad of socks, stockings and other women's hosiery increased by 12% to X pairs, rising for the fourth consecutive year after six years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 101% against the previous year. Imports peaked at X pairs in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, women hosiery imports skyrocketed to $X in 2022. In general, imports recorded a tangible expansion. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X pairs) was the main supplier of women hosiery to Peru, with a 95% share of total imports. It was followed by Turkey (X pairs), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Peru, comprising 65% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, with an increase of 16% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women hosiery import price increased by +23.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per pair in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 China totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%).

Source: IndexBox Platform

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