Product Code: ETC045310 | Publication Date: Aug 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Hosiery Market is experiencing substantial growth, driven by factors such as changing fashion trends, increasing disposable incomes, and a growing young population. Hosiery products, including socks, stockings, and tights, are essential accessories in Vietnam fashion-conscious culture. The rise of e-commerce and online shopping platforms has made hosiery products more accessible to consumers across the country. Moreover, the growing awareness of comfort, quality, and style has led to a surge in demand for premium hosiery products.
The Vietnam Hosiery Market is influenced by several key drivers. The growing fashion-conscious population and changing consumer preferences have contributed to the demand for hosiery products, including socks, stockings, and tights. With rising disposable incomes and a growing young population, there is an increasing demand for fashionable and comfortable hosiery items. Moreover, the e-commerce boom and the rise of online shopping platforms have made hosiery products more accessible to consumers across the country, boosting the market`s growth.
The Vietnam Hosiery Market faces several challenges that influence its growth and development. One of the primary challenges is the competition from cheaper imports of hosiery products from other countries. As Vietnam textile and garment industry continues to expand, it also faces competition from neighboring countries with lower labor costs, affecting the pricing and market share of locally produced hosiery. Moreover, fluctuations in raw material prices, such as cotton and synthetic fibers used in hosiery production, can impact manufacturing costs and ultimately affect consumer prices. The volatility in raw material costs can pose challenges for hosiery manufacturers in maintaining stable pricing strategies. Additionally, changing consumer preferences and fashion trends can impact hosiery demand. As consumer tastes evolve, manufacturers need to stay agile and innovative to cater to the market`s changing demands and maintain competitiveness. Furthermore, the rise of counterfeit and low-quality hosiery products in the market can negatively impact the reputation of trusted hosiery brands. Ensuring product authenticity and quality control is crucial for hosiery manufacturers to maintain consumer trust and loyalty.
The Vietnam Hosiery Market faced challenges during the COVID-19 pandemic. With restrictions on social gatherings and reduced outdoor activities, the demand for hosiery products, such as socks and stockings, witnessed fluctuations. The closure of retail stores and reduced consumer footfall impacted hosiery sales, especially in physical retail channels. Moreover, with economic uncertainties and reduced consumer spending, discretionary purchases like hosiery were impacted. However, the shift towards remote work and online activities led to increased demand for comfortable and functional hosiery products for home-based activities. Manufacturers of hosiery products had to adapt their marketing strategies to promote online sales and cater to changing consumer preferences during the pandemic.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Hosiery Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Hosiery Market Revenues & Volume, 2020 & 2030F |
3.3 Vietnam Hosiery Market - Industry Life Cycle |
3.4 Vietnam Hosiery Market - Porter's Five Forces |
3.5 Vietnam Hosiery Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Vietnam Hosiery Market Revenues & Volume Share, By Gender, 2020 & 2030F |
3.7 Vietnam Hosiery Market Revenues & Volume Share, By Size, 2020 & 2030F |
3.8 Vietnam Hosiery Market Revenues & Volume Share, By Price Range, 2020 & 2030F |
3.9 Vietnam Hosiery Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Vietnam Hosiery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Hosiery Market Trends |
6 Vietnam Hosiery Market, By Types |
6.1 Vietnam Hosiery Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Hosiery Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Vietnam Hosiery Market Revenues & Volume, By Body Stockings, 2020-2030F |
6.1.4 Vietnam Hosiery Market Revenues & Volume, By Compression Stockings, 2020-2030F |
6.1.5 Vietnam Hosiery Market Revenues & Volume, By Knee Highs, Hold-ups, 2020-2030F |
6.1.6 Vietnam Hosiery Market Revenues & Volume, By Stockings, 2020-2030F |
6.1.7 Vietnam Hosiery Market Revenues & Volume, By Socks, 2020-2030F |
6.1.8 Vietnam Hosiery Market Revenues & Volume, By Tights, 2020-2030F |
6.2 Vietnam Hosiery Market, By Gender |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Hosiery Market Revenues & Volume, By Men, 2020-2030F |
6.2.3 Vietnam Hosiery Market Revenues & Volume, By Women, 2020-2030F |
6.3 Vietnam Hosiery Market, By Size |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Hosiery Market Revenues & Volume, By Small, 2020-2030F |
6.3.3 Vietnam Hosiery Market Revenues & Volume, By Medium, 2020-2030F |
6.3.4 Vietnam Hosiery Market Revenues & Volume, By Large, 2020-2030F |
6.3.5 Vietnam Hosiery Market Revenues & Volume, By Plus, 2020-2030F |
6.4 Vietnam Hosiery Market, By Price Range |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Hosiery Market Revenues & Volume, By Premium, 2020-2030F |
6.4.3 Vietnam Hosiery Market Revenues & Volume, By Medium, 2020-2030F |
6.4.4 Vietnam Hosiery Market Revenues & Volume, By Low, 2020-2030F |
6.5 Vietnam Hosiery Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Vietnam Hosiery Market Revenues & Volume, By Mass Merchant, 2020-2030F |
6.5.3 Vietnam Hosiery Market Revenues & Volume, By Mono Brand Outlet, 2020-2030F |
6.5.4 Vietnam Hosiery Market Revenues & Volume, By Online Store, 2020-2030F |
6.5.5 Vietnam Hosiery Market Revenues & Volume, By Departmental Store, 2020-2030F |
6.5.6 Vietnam Hosiery Market Revenues & Volume, By Others, 2020-2030F |
7 Vietnam Hosiery Market Import-Export Trade Statistics |
7.1 Vietnam Hosiery Market Export to Major Countries |
7.2 Vietnam Hosiery Market Imports from Major Countries |
8 Vietnam Hosiery Market Key Performance Indicators |
9 Vietnam Hosiery Market - Opportunity Assessment |
9.1 Vietnam Hosiery Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Vietnam Hosiery Market Opportunity Assessment, By Gender, 2020 & 2030F |
9.3 Vietnam Hosiery Market Opportunity Assessment, By Size, 2020 & 2030F |
9.4 Vietnam Hosiery Market Opportunity Assessment, By Price Range, 2020 & 2030F |
9.5 Vietnam Hosiery Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Vietnam Hosiery Market - Competitive Landscape |
10.1 Vietnam Hosiery Market Revenue Share, By Companies, 2023 |
10.2 Vietnam Hosiery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |