In Mexico, eight out of 10 people use socks (included within non-sheer hosiery) imported from China, which now dominate the market due to a 176% increase in imports during 2023, with 2024 following the same trend. According to data from Banco de México (Banxico), 85% of imports of socks come from Asian brands.
Despite the increasing relevance of the informal market due to consumers seeking better prices, formal physical retail channels continue to be the preferred option for consumers to purchase hosiery. Speciality stores, such as fast fashion outlets, sports shops, and underwear retailers, as well as department stores, bazaars, and certain hypermarkets, have played a pivotal role in driving sales.
Although volume sales of hosiery in Mexico are expected to remain fairly stable in the forecast period, current value sales are expected to return to higher growth. The surge in outdoor activities such as running, cycling, and hiking since the pandemic is significantly influencing sales of specialised sports clothing, particularly technical socks and stockings.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
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 report originates from Passport, our Hosiery research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!