Price for Graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheted in India - 2023

Contents:

  1. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India (CIF) - 2022
  2. Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India (FOB) - 2022
  3. Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India
  4. Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India (CIF) - 2022

In 2022, the average import price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds amounted to $7.5 per pair, reducing by -7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 21%. The import price peaked at $8.5 per pair in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($7.5 per pair) and the United Arab Emirates ($7.5 per pair), while the price for Singapore ($7.5 per pair) and China ($7.5 per pair) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India (FOB) - 2022

The average export price for graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds stood at $6.8 per pair in 2022, with a decrease of -33.8% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum at $11 per pair in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($8.5 per pair), while the average price for exports to Oman ($2.4 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 Oman (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India

In 2022, supplies from abroad of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds was finally on the rise to reach 285K pairs for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep downturn. Over the period under review, imports of attained the peak figure at 350K pairs in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds totaled $2.1M in 2022. In general, imports, however, continue to indicate a deep downturn. Imports peaked at $2.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany633398609563-3.8%
Switzerland5103144525462.3%
Turkey320235165217-12.1%
China628994241203-31.4%
United Arab Emirates15.167.4123186130.9%
Singapore306163199183-15.7%
United States69.729.044.192.710.0%
Taiwan (Chinese)11063.158.488.9-6.9%
Others65.876.482.456.1-5.2%
Total2,6572,3401,9752,136-7.0%

Top Suppliers of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted to India in 2022:

  1. Germany (75.0K pairs)
  2. Switzerland (72.7K pairs)
  3. Turkey (29.0K pairs)
  4. China (27.0K pairs)
  5. United Arab Emirates (24.8K pairs)
  6. Singapore (24.4K pairs)
  7. United States (12.4K pairs)
  8. Taiwan (Chinese) (11.9K pairs)

Exports of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India

In 2022, shipments abroad of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds increased by 96% to 266K pairs for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of graduated compression hosiery (for example, stockings for varicose veins), knitted or crocheteds soared to $1.8M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates14413172.027123.5%
United States12278.690.219015.9%
Bhutan3.014.5116146265.1%
Sri Lanka183190201146-7.3%
Saudi Arabia11113615398.9-3.8%
Netherlands12.08.017.281.889.6%
Kenya40.242.675.973.422.2%
Nigeria14.313.325.172.771.9%
Nepal62.113.343.161.0-0.6%
Malaysia39.634.644.048.06.6%
Qatar27.519.315.941.014.2%
Ethiopia5.7N/AN/A39.590.7%
Oman9.295.120.628.044.9%
Others746423530520-11.3%
Total1,5201,2001,4041,8186.1%

Top Export Markets for Graduated Compression Hosiery (for Example, Stockings for Varicose Veins), Knitted or Crocheted from India in 2022:

  1. United Arab Emirates (76.0K pairs)
  2. United States (22.4K pairs)
  3. Bhutan (17.2K pairs)
  4. Sri Lanka (17.2K pairs)
  5. Saudi Arabia (11.7K pairs)
  6. Oman (11.6K pairs)
  7. Netherlands (9.6K pairs)
  8. Kenya (8.7K pairs)
  9. Nigeria (8.6K pairs)
  10. Nepal (7.2K pairs)
  11. Malaysia (5.7K pairs)
  12. Qatar (4.8K pairs)
  13. Ethiopia (4.7K pairs)

Source: IndexBox Market Intelligence Platform

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