Africa: Women Hosiery Market 2024

Women Hosiery Market Size in Africa

The African women hosiery market expanded rapidly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption enjoyed a temperate expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Women Hosiery Production in Africa

In value terms, women hosiery production rose significantly to $X in 2022 estimated in export price. Overall, production posted perceptible growth. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Women Hosiery Exports

Exports in Africa

In 2022, approx. X pairs of socks, stockings and other women's hosiery were exported in Africa; picking up by X% on 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, women hosiery exports soared to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

South Africa (X pairs) and Tunisia (X pairs) represented the main exporters of socks, stockings and other women's hosiery in 2022, reaching approx. X% and X% of total exports, respectively. Ethiopia (X pairs) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%) and Morocco (X%). The following exporters - Mauritius (X pairs) and Lesotho (X pairs) - each amounted to a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest women hosiery supplying countries in Africa were South Africa ($X), Egypt ($X) and Morocco ($X), together accounting for X% of total exports.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per pair in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per pair in 2020; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per pair), while Tunisia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced more modest paces of growth.

Women Hosiery Imports

Imports in Africa

In 2022, approx. X pairs of socks, stockings and other women's hosiery were imported in Africa; increasing by X% against 2021. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X pairs in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, women hosiery imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X pairs), distantly followed by Libya (X pairs), Nigeria (X pairs), Algeria (X pairs), Morocco (X pairs), Sudan (X pairs), Senegal (X pairs) and Ghana (X pairs) represented the main importers of socks, stockings and other women's hosiery, together generating X% of total imports. Tunisia (X pairs), Tanzania (X pairs), Angola (X pairs), Cameroon (X pairs) and Kenya (X pairs) held a minor share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of socks, stockings and other women's hosiery. At the same time, Morocco (X%), Senegal (X%), Ghana (X%), Nigeria (X%), Cameroon (X%), Kenya (X%), Algeria (X%) and Sudan (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Angola (X%), Tunisia (X%), Tanzania (X%) and Libya (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Morocco (X p.p.), Senegal (X p.p.), Ghana (X p.p.), Algeria (X p.p.), South Africa (X p.p.) and Sudan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Libya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported socks, stockings and other women's hosiery in Africa, comprising X% of total imports. The second position in the ranking was held by Tunisia ($X), with an X% share of total imports. It was followed by Libya, with an X% share.

In South Africa, women hosiery imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Libya (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per pair, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per pair in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tunisia ($X per pair), while Senegal ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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