Latvia: Women Hosiery Market 2024

Women Hosiery Market Size in Latvia

For the third year in a row, the Latvian women hosiery market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw resilient growth. Women hosiery consumption peaked in 2022 and is expected to retain growth in the immediate term.

Women Hosiery Production in Latvia

In value terms, women hosiery production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Women Hosiery Exports

Exports from Latvia

In 2022, overseas shipments of socks, stockings and other women's hosiery increased by X% to X pairs, rising for the fifth consecutive year after four years of decline. Over the period under review, exports saw a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X pairs in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, women hosiery exports fell modestly to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Lithuania (X pairs), Estonia (X pairs) and Germany (X pairs) were the main destinations of women hosiery exports from Latvia, together comprising X% of total exports. Russia, Norway and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Russia ($X), Estonia ($X) and Lithuania ($X) constituted the largest markets for women hosiery exported from Latvia worldwide, with a combined X% share of total exports. Germany, Norway and Belgium lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average women hosiery export price amounted to $X per pair, reducing by X% against the previous year. In general, the export price saw a mild shrinkage. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per pair in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

Women Hosiery Imports

Imports into Latvia

In 2022, approx. X pairs of socks, stockings and other women's hosiery were imported into Latvia; rising by X% against 2021 figures. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, women hosiery imports skyrocketed to $X in 2022. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X pairs) constituted the largest women hosiery supplier to Latvia, with a X% share of total imports. Moreover, women hosiery imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X pairs), twofold. The third position in this ranking was taken by China (X pairs), with a X% share.

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

In value terms, the largest women hosiery suppliers to Latvia were Poland ($X), Estonia ($X) and Germany ($X), together comprising X% of total imports. Lithuania, the Netherlands, Italy, China, Belgium, Turkey, Denmark and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, stabilizing at the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per pair. From 2016 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per pair), while the price for Portugal ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

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