PROSPECTS AND OPPORTUNITIES
Mexican market flooded with Chinese non-sheer hosiery
In Mexico, eight out of 10 people use socks (included within non-sheer hosiery) imported from China, which now dominate the market due to a 176% increase in imports during 2023, with 2024 following the same trend. According to data from Banco de México (Banxico), 85% of imports of socks come from Asian brands.
The enduring appeal of physical stores for purchases of hosiery
Despite the increasing relevance of the informal market due to consumers seeking better prices, formal physical retail channels continue to be the preferred option for consumers to purchase hosiery. Speciality stores, such as fast fashion outlets, sports shops, and underwear retailers, as well as department stores, bazaars, and certain hypermarkets, have played a pivotal role in driving sales.
The growing popularity of sports socks
Although volume sales of hosiery in Mexico are expected to remain fairly stable in the forecast period, current value sales are expected to return to higher growth. The surge in outdoor activities such as running, cycling, and hiking since the pandemic is significantly influencing sales of specialised sports clothing, particularly technical socks and stockings.
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Overview:
Understand the latest market trends and future growth opportunities for the Hosiery industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Hosiery industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Hosiery in Mexico report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hosiery in Mexico?
- Which are the leading brands in Mexico?
- How are products distributed in Mexico?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Hosiery in Mexico?
- Where is future growth expected to be most dynamic?
Hosiery in Mexico - Category analysis
KEY DATA FINDINGS
Hosiery shows a slowdown, aligned to economic problems
Top players keep losing share
Informal market challenges established hosiery brands
Mexican market flooded with Chinese non-sheer hosiery
The enduring appeal of physical stores for purchases of hosiery
The growing popularity of sports socks
Apparel and Footwear in Mexico - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Hosiery
- Sheer Hosiery
- Non-Sheer Hosiery
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Hosiery research and analysis database.
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