DUBLIN--(BUSINESS WIRE)--The "International Markets for Hosiery, 2019" report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering.
This report provides vital data and analysis of trends in international trade in hosiery. The report focuses in detail on the leading hosiery exporting and importing countries, including those which export hosiery to the EU and the USA. Countries analysed in the report include China, Italy, Pakistan, Serbia, Turkey, and the USA. Of these countries, the world's top hosiery exporting country in 2018 was China, and China was also the largest supplier of hosiery to the EU and to the USA.
According to the latest data, global imports and exports of hosiery rose in 2018 but remained below the peak achieved in 2014. EU imports of hosiery declined in value and in volume terms in 2018 but still reached their second-highest level on record. Imports of hosiery into the USA rose in volume terms to a record high and were also up in terms of value.
The international hosiery market is set for transformation as importers in the major markets, including the USA and the EU, shift their sourcing towards emerging low cost producing countries in Asia, according to a report in Issue 199 of Textile Outlook International from the global business information company Textiles Intelligence.
World exports of hosiery rose by 6.9% to US$13.9 bn in 2018 and, of this total, China alone accounted for a 44.5% share. Furthermore, Chinese hosiery exports rose to a record high of US$6,213 mn.
However, China is facing increasing competition from fast-growing countries in Asia which can produce basic hosiery quickly and cheaply. As a result, sourcing of such hosiery is set to shift away from China towards these countries.
Turkey -- which was the second-largest exporting country in 2018 -- is also facing increasing competition from fast-growing low-cost countries in Asia, particularly in the EU import market. So is Italy, which was the third-largest exporting country in 2018.
Hosiery exports from Italy, Turkey, and other large producing countries -- including the USA and South Korea, a higher-priced Asian country -- declined during 2018 as the new players in Asia made significant gains in the market at their expense.
Asian countries that pose a significant threat include Bangladesh, India, Indonesia, Pakistan, and Vietnam. Such countries are quickly adopting Industry 4.0 production methods, and these are helping them to improve productivity and manufacture goods in vast quantities. Hosiery exports from Pakistan reached a record high in 2018 while India shot up in the hosiery export rankings by three places compared with 2017 to become the 15th largest exporter in 2018. There was also a rise in exports from Vietnam in 2018.
Despite these significant gains, however, China's share of world hosiery exports is expected to remain fairly stable in the short to medium term as its low-cost competitors in Asia do not have the infrastructure in place to produce the volumes which the Chinese industry is capable of producing.
Nor do China's competitors receive the investment for purchasing the machinery needed to produce hosiery which is more technically advanced.
In a bid to retain their positions in the hosiery export market, Italy, Turkey, South Korea, and the USA will have to invest significantly to enable them to specialise in the production of technically advanced hosiery and overcome the threat posed by emerging low-cost producers in Asia.
Key Topics Covered:
1. Summary
2. General Trends in Hosiery Trade
3. Outlook
4. Leading Hosiery Exporting Countries
5. Leading Hosiery Importing Countries
6. Imports of Hosiery Into the EU
- General trends
- EU imports of hosiery by fibre type
- EU imports of hosiery by leading supplier
- Imports Of Hosiery Into the USA
- General trends
- US imports of hosiery by fibre type
- US imports of hosiery by leading supplier
For more information about this report visit https://www.researchandmarkets.com/r/cf7bn6
Source: Textiles Intelligence Ltd.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
