World Overview

The graph depicts the export values of pantyhose, stockings, and similar products (HS Code 6115) for seven countries from 2016 to 2023. The values are expressed in millions of USD, the graph provides a visual representation of the export performance of the selected countries in the pantyhose, stockings, and similar products market. China consistently maintains the highest export values throughout the period, indicating its dominant position in the global market for pantyhose, stockings, etc. Growth in Emerging Economies country is Turkey, Pakistan, and India show significant growth in exports, suggesting increasing market share. Some countries, such as Germany and Italy, exhibit f luctuations in their export values, possibly due to various economic factors. The Netherlands maintains relatively stable export levels throughout the period.

China: China has consistently maintained a dominant position in the global market for pantyhose, stockings, and similar products and the country’s export values from US$ 5408.4 Mn in 2016 to US$ 6947.2 Mn in 2023 have shown steady growth over the years, indicating a strong manufacturing base and competitive pricing. With a dominant 44.6% market share, China is the undisputed leader in the global market for this product category. China’s CAGR is 3.66%, showing consistent growth in its exports. 

Italy: Italy’s export values have shown some fluctuations over the period in 2019. These fluctuations could be attributed to factors such as domestic economic conditions,changes in consumer preferences, or competition from other countries, they are export US$ 787.4 Mn in 2016 and US$ 749.9 Mn in 2023 their market share is 3.6% in world. Italy’s CAGR is -0.7%, indicating a slight decline in its export values and its exports.

Pakistan: Pakistan has emerged player as a significant exporter in this market, with a notable increase in export values. They consistently increase export value US$ 310 Mn in 2016 and US$ 536.7 Mn in 2023.The country’s lower production costs might be a key factor driving its export growth. Pakistan has shown the highest CAGR of 8.2%, suggesting rapid growth in its export market.

India’s Position

India has shown a steady increase in its exports of pantyhose, stockings, and similar products over the period 2016-2023. While its export values are significantly lower than those of China, the country has made significant strides in the market. India’s 16 position in the world export of Pantyhose, Stockings etc. (HS Code 6115). India is gaining market share and becoming a more competitive exporter in this sector. India holds a market share of 2.7% in the global export market. India’s CAGR is 5.1%, indicating steady growth in its exports of this product category. This indicates that India is a relatively smaller player compared to the dominant countries like China and Turkey.

Strategies to Increase India’s Export Growth Rate

Invest in research and development to create high quality, innovative products that meet international standards. Focus on developing unique product lines or features that differentiate Indian exports from competitors. Implement modern manufacturing techniques and technologies to improve efficiency and reduce costs. Invest in skill development programs for workers to enhance productivity and quality.