In 2020, hosiery is set to decline in retail value terms, likely as a result of the COVID-19 pandemic. The restrictions on office work and social gatherings dwindled the demand for hosiery.
Pre-pandemic, TV homeshopping and independent retailers were the most important channels for hosiery sales. However, due to COVID-19, TV homeshopping and e-commerce are expected to take a greater portion of sales in 2020.
Typically, established underwear and apparel companies tend to offer hosiery. However, speciality hosiery companies have started to appear in South Korea.
Hosiery is set to return to moderate growth in 2021, and it is expected to remain steady over the forecast period. Hosiery will benefit from being seen as a necessary item in South Korea.
Since work apparel is set to become more casual over the forecast period, demand for certain types of hosiery may diminish. For example, demand for stockings which women would have worn with formal skirts may be affected in the forecast period.
The ongoing global trend of hosiery becoming seen as a fashionable item may provide a boost to sales in the forecast period. The trend has already started to emerge in South Korea as well.
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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.
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This report originates from Passport, our Hosiery research and analysis database.
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