PROSPECTS AND OPPORTUNITIES
Could hosiery evolve into a “small luxury” item?
Lipsticks, small leather goods, and fragrances have traditionally been popular "small luxury" items, but hosiery is now emerging as a notable addition in this sense. Stance Socks is noted as an example here, with the American brand having recently launched an official online Korean store.
Hosiery will remain dependent on fashions and seasonal factors
Due to the unique characteristics of the hosiery category overall, a sudden growth surge is unlikely to be seen over the forecast period. However, sales are expected to show decent growth driven by an increase in unit prices in main, while volume sales are expected to be lower.
Sporty lifestyles will drive demand for sports-specific socks
As local consumers continue to adopt a variety of sports as part of their more mobile lifestyles, including Pilates, tennis, running and hiking, this will create ongoing demand for different types of socks that are deemed most suitable for each activity. Unlike in previous years, when consumers used to wear the same sock type for different sports, we are now seeing more of a switch towards specific types of socks for different sports.
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Overview:
Understand the latest market trends and future growth opportunities for the Hosiery industry in South Korea 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 South Korea, 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 South Korea 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 South Korea?
- Which are the leading brands in South Korea?
- How are products distributed in South Korea?
- 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 South Korea?
- Where is future growth expected to be most dynamic?
Hosiery in South Korea - Category analysis
KEY DATA FINDINGS
Small positive volume gains achieved as hosiery is positioned more as a fashion item
Online players innovate to stand out from the crowd, while offline stores use promotional events
Sheer hosiery is facing some challenges due to the rise of less formal styles
Could hosiery evolve into a “small luxury” item?
Hosiery will remain dependent on fashions and seasonal factors
Sporty lifestyles will drive demand for sports-specific socks
Apparel and Footwear in South Korea - 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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