U.S. Hosiery & Sock Market Sees Contrasting Trends in 2024
The U.S. hosiery and sock market experienced significant shifts in 2024. The average import price dropped to $X per thousand pairs, a X% decrease from the previous year. Meanwhile, imports surged to X pairs, marking a X% growth.
Despite the increase in imports, U.S. production of hosiery and socks plummeted to $X in 2024, reflecting a substantial decline over the period. Exports also continued their downward trajectory, decreasing by X% to X pairs, marking the second consecutive year of decline.
The U.S. market size, however, grew to $X in 2024, a X% increase from the previous year. China remained the dominant supplier, accounting for X% of total imports. Consumption in the U.S. maintained a relatively stable trend from 2023 to 2024.
The U.S. hosiery and sock market in 2024 was characterized by contrasting trends in production and consumption. While imports and market size grew, production and exports declined. China's significant role in U.S. imports persisted. Despite unavailable data on leading exporters to key markets, the U.S. continues to export substantial quantities of textiles, influenced by economic policies and bilateral agreements.
