ECOWAS: Women Hosiery Market 2024

Women Hosiery Market Size in ECOWAS

The ECOWAS women hosiery market expanded remarkably to $X in 2022, picking up by X% against the previous year. In general, consumption recorded a moderate increase. 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 ECOWAS

In value terms, women hosiery production expanded sharply to $X in 2022 estimated in export price. Overall, production posted measured growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Women Hosiery Exports

Exports in ECOWAS

In 2022, shipments abroad of socks, stockings and other women's hosiery decreased by X% to X pairs, falling for the third consecutive year after two years of growth. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X pairs in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, women hosiery exports reduced remarkably to $X in 2022. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal (X pairs), Sierra Leone (X pairs), Guinea (X pairs), Nigeria (X pairs) and Ghana (X pairs) represented roughly X% of total exports in 2022. It was distantly followed by Togo (X pairs), achieving a X% share of total exports. Benin (X pairs) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest women hosiery supplying countries in ECOWAS were Senegal ($X), Ghana ($X) and Sierra Leone ($X), together accounting for X% of total exports. Guinea, Nigeria, Togo and Benin lagged somewhat behind, together comprising a further X%.

Guinea, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per pair, shrinking by X% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per pair in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per pair), while Togo ($X per pair) was amongst the lowest.

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

Women Hosiery Imports

Imports in ECOWAS

In 2022, the amount of socks, stockings and other women's hosiery imported in ECOWAS soared to X pairs, picking up by X% on 2021. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, women hosiery imports contracted rapidly to $X in 2022. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria was the main importer of socks, stockings and other women's hosiery in ECOWAS, with the volume of imports finishing at X pairs, which was approx. X% of total imports in 2022. Senegal (X pairs) took the second position in the ranking, followed by Ghana (X pairs), Burkina Faso (X pairs) and Guinea (X pairs). All these countries together held approx. X% share of total imports. The following importers - Sierra Leone (X pairs) and Cote d'Ivoire (X pairs) - each accounted for a X% share of total imports.

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

In value terms, Ghana ($X) constitutes the largest market for imported socks, stockings and other women's hosiery in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per pair, dropping by X% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices hit record highs 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 Cote d'Ivoire ($X per pair), while Senegal ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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