Following the significant declines across hosiery in 2022 as a result of the pandemic and home seclusion, retail volume sales are not expected to fully recover to 2019 levels by the end of the forecast period, especially as both sheer and non-sheer hosiery are predicted to record undynamic performances in growth terms in the coming years. Non-sheer hosiery will remain dominant in terms of demand due to its greater diversity in terms of functionality, and benefitting partly from health and wellness, and athleisure trends.
Local consumers are becoming increasingly aware of textile waste in Australia and the damaging impact on the planet through unsustainable and poor-quality products. Consequently, consumers are anticipated to make more mindful purchasing decisions when choosing hosiery.
Despite the premiumisation trend through the increased availability and development of sustainable hosiery over the forecast period, private label’s penetration of the category is expected to remain high in Australia. Private label primarily competes on price and with increased price sensitivity of local consumers at the end of the review period in line with the rising cost of living, more affordable private label hosiery will continue to appeal.
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Understand the latest market trends and future growth opportunities for the Hosiery industry in Australia 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 Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Hosiery
This report originates from Passport, our Hosiery research and analysis database.
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