Tanzania: Women Hosiery Market 2024

Women Hosiery Market Size in Tanzania

In 2022, the Tanzanian women hosiery market decreased by -4.1% to $X, falling for the second consecutive year after nine years of growth. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Women Hosiery Production in Tanzania

In value terms, women hosiery production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of 67% against the previous year. Women hosiery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Women Hosiery Exports

Exports from Tanzania

In 2022, the amount of socks, stockings and other women's hosiery exported from Tanzania dropped markedly to X pairs, which is down by -88.7% compared with 2021 figures. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2019 when exports increased by 1,252% against the previous year. Over the period under review, the exports attained the peak figure at X pairs in 2021, and then fell sharply in the following year.

In value terms, women hosiery exports contracted markedly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 1,884%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X pairs) was the main destination for women hosiery exports from Tanzania, accounting for a 12% share of total exports. Moreover, women hosiery exports to France exceeded the volume sent to the second major destination, South Africa (X pairs), threefold.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+46.7% per year) and Botswana (+119.5% per year).

In value terms, France ($X) emerged as the key foreign market for socks, stockings and other women's hosiery exports from Tanzania, comprising 47% of total exports. The second position in the ranking was held by South Africa ($X), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+54.5% per year) and Botswana (+224.9% per year).

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, increasing by 627% against the previous year. Over the period under review, the export price saw a prominent expansion. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per pair), while the average price for exports to South Africa ($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 Botswana (+48.0%), while the prices for the other major destinations experienced more modest paces of growth.

Women Hosiery Imports

Imports into Tanzania

In 2022, approx. X pairs of socks, stockings and other women's hosiery were imported into Tanzania; declining by -62.4% on 2021 figures. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 65% against the previous year. Over the period under review, imports reached the maximum at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports shrank significantly to $X in 2022. Over the period under review, imports showed a slight reduction. The growth pace was the most rapid in 2013 with an increase of 59%. Imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X pairs) was the main supplier of women hosiery to Tanzania, accounting for a 97% share of total imports. It was followed by the United Arab Emirates (X pairs), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.3%.

In value terms, China ($X) constituted the largest supplier of socks, stockings and other women's hosiery to Tanzania, comprising 98% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -1.0%.

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, with a decrease of -14.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 21%. Over the period under review, average import prices hit record highs at $X per pair in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per pair), while the price for the United Arab Emirates totaled $X per pair.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%).

Source: IndexBox Platform