Retail current value sales of hosiery declined by a fifth in 2020 and rebounded only partially during 2021. Like all other apparel categories, sales were negatively impacted by the closure of non-essential retailers during the COVID-19 lockdown.
Non-sheer hosiery remained by far the largest category in hosiery during 2021. One advantage of these products in the context of the pandemic is the fact that they are easy to purchase through e-commerce.
The competitive landscape in Mexican hosiery remained highly fragmented in 2021, with no player holding a double-digit value share. Sales were dominated by very small players, included under “others”.
The rate of growth in retail current value sales of hosiery will decelerate over the course of the forecast period but remain robust. Retail current value sales of hosiery will exceed their 2019 peak in 2022.
Casual designs and sports non-sheer hosiery will continue to grow in popularity during the forecast period due to the casualisation of lifestyles, with some consumers switching from sheer to non-sheer hosiery. The category will also benefit from the wide consumer base, covering men, women and children.
Non-sheer hosiery will become more colourful and personalised during the forecast period. In the review period there were an increasing variety of styles and colours offered by some producers of socks, which has transformed this wardrobe basic into more of a fashion statement.
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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.
Hosiery
This is the aggregation of Sheer hosiery and Non-sheer hosiery.
This report originates from Passport, our Hosiery research and analysis database.
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