Marking a second consecutive month of decline, export of women's hosiery items from Turkey fell by 5.8 per cent to 30 million pairs in November 2023 from the peak of 36 million in September.
However, despite a dip in the volume of hosiery exports from Turkey, export value remained steady at around $86 million during the month. The growth in the value of hosiery exports from Turkey was led by Germany with exports worth $18 million followed by Sweden, Netherlands, US, and Italy which collectively accounted for 16 per cent of Turkey’s hosiery exports during the month.
Among major destinations, import of hosiery items by Sweden from grew by 4.3 per cent CAGR in volume and 3.1 per cent in value over the past year. Other leading markets showed more moderate growth.
The average price of hosiery export per pair increased by 2.8 per cent to $2.9 compared to October. However, the overall price trend remained flat, with June 2023 marking the peak at $3.2.
