Uzbekistan: Women Hosiery Market 2024

Women Hosiery Market Size in Uzbekistan

In 2022, the Uzbek women hosiery market decreased by -19.9% to $X, falling for the third consecutive year after two years of growth. In general, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Women Hosiery Production in Uzbekistan

In value terms, women hosiery production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 68%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Women Hosiery Exports

Exports from Uzbekistan

Women hosiery exports from Uzbekistan soared to X pairs in 2022, with an increase of 98% on the year before. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2018 when exports increased by 184% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, women hosiery exports soared to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 153%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Kyrgyzstan (X pairs), Russia (X pairs) and Kazakhstan (X pairs) were the main destinations of women hosiery exports from Uzbekistan, with a combined 93% share of total exports. Tajikistan, Germany, Moldova and Belarus lagged somewhat behind, together comprising a further 6.8%.

From 2017 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +827.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for socks, stockings and other women's hosiery exports from Uzbekistan, comprising 57% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 24% share of total exports. It was followed by Tajikistan, with a 6% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Russia totaled +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+89.4% per year) and Tajikistan (+747.0% per year).

Export Prices by Country

The average women hosiery export price stood at $X per pair in 2022, falling by -41.1% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per pair, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tajikistan ($X per pair), while the average price for exports to Kyrgyzstan ($X per pair) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Women Hosiery Imports

Imports into Uzbekistan

In 2022, overseas purchases of socks, stockings and other women's hosiery increased by 49% to X pairs, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, women hosiery imports soared to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X pairs), Turkey (X pairs) and South Korea (X pairs) were the main suppliers of women hosiery imports to Uzbekistan, with a combined 79% share of total imports. Moldova, Italy, Belarus and the Czech Republic lagged somewhat behind, together comprising a further 15%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +7,630.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest women hosiery suppliers to Uzbekistan were Turkey ($X), China ($X) and Belarus ($X), together comprising 72% of total imports. Moldova, Italy, South Korea and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

The Czech Republic, with a CAGR of +1,358.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average women hosiery import price amounted to $X per pair, increasing by 5.9% against the previous year. Over the last five years, it increased at an average annual rate of +5.8%. The most prominent rate of growth was recorded in 2018 an increase of 24%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($X per pair), while the price for South Korea ($X per pair) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :