Sri Lanka: Pantyhose Market 2024

Pantyhose Market Size in Sri Lanka

The Sri Lankan pantyhose market stood at $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Pantyhose Production in Sri Lanka

In value terms, pantyhose production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Pantyhose Exports

Exports from Sri Lanka

In 2022, pantyhose exports from Sri Lanka contracted remarkably to X pairs, with a decrease of X% on the previous year. Over the period under review, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X pairs in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, pantyhose exports dropped remarkably to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India (X pairs) was the main destination for pantyhose exports from Sri Lanka, accounting for a X% share of total exports. Moreover, pantyhose exports to India exceeded the volume sent to the second major destination, Norway (X pairs), twofold. The third position in this ranking was taken by the UK (X pairs), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and the UK (X% per year).

In value terms, India ($X), Norway ($X) and France ($X) were the largest markets for pantyhose exported from Sri Lanka worldwide, together accounting for X% of total exports.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average pantyhose export price amounted to $X per pair, picking up by X% against the previous year. In general, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Pantyhose Imports

Imports into Sri Lanka

In 2022, pantyhose imports into Sri Lanka dropped rapidly to X pairs, which is down by X% compared with the year before. Overall, imports saw a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X pairs in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pantyhose imports dropped rapidly to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X pairs) constituted the largest supplier of pantyhose to Sri Lanka, with a X% share of total imports. Moreover, pantyhose imports from India exceeded the figures recorded by the second-largest supplier, China (X pairs), twofold. Poland (X pairs) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

In value terms, the largest pantyhose suppliers to Sri Lanka were India ($X), Poland ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average pantyhose import price stood at $X per pair in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per pair. From 2016 to 2022, the average import prices remained 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 Poland ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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