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Hosiery in Nigeria

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    Report

  • 17 Pages
  • January 2024
  • Region: Nigeria
  • Euromonitor International
  • ID: 4463269
Sales of hosiery slumped in retail volume terms in 2023 as the challenging economic conditions in Nigeria put pressure on disposable income. With high inflation limiting consumer spending power consumers were forced to become more frugal and to focus on essentials. The price of hosiery also rose sharply as the local currency continued to depreciate during the year, while manufacturers also faced rising production costs at home and abroad.

The Hosiery in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023 and analysis by distribution format allowing you to identify the sectors driving growth. It identifies the leading companies, leading brands, and offers strategic analysis of key factors influencing the market. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Non-Sheer Hosiery, Sheer Hosiery.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Hosiery market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

HOSIERY IN NIGERIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Hosiery sales suffer as inflation and unemployment rises
  • Informal channels continue to take sales away from formal ones
  • Competition in hosiery remains highly fragmented with little room for brand loyalty
PROSPECTS AND OPPORTUNITIES
  • Economic recovery set to boost sales of hosiery over the forecast period
  • Non-sheer hosiery to drive growth due to preference for socks that complement footwear
  • Modern retail chains set to be boosted by economic stability
CATEGORY DATA
  • Table 1 Sales of Hosiery by Category: Volume 2018-2023
  • Table 2 Sales of Hosiery by Category: Value 2018-2023
  • Table 3 Sales of Hosiery by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Hosiery by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Hosiery: % Value 2019-2023
  • Table 6 LBN Brand Shares of Hosiery: % Value 2020-2023
  • Table 7 Forecast Sales of Hosiery by Category: Volume 2023-2028
  • Table 8 Forecast Sales of Hosiery by Category: Value 2023-2028
  • Table 9 Forecast Sales of Hosiery by Category: % Volume Growth 2023-2028
  • Table 10 Forecast Sales of Hosiery by Category: % Value Growth 2023-2028
APPAREL AND FOOTWEAR IN NIGERIA
EXECUTIVE SUMMARY
  • Apparel and footwear in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for apparel and footwear?
MARKET DATA
  • Table 11 Sales of Apparel and Footwear by Category: Volume 2018-2023
  • Table 12 Sales of Apparel and Footwear by Category: Value 2018-2023
  • Table 13 Sales of Apparel and Footwear by Category: % Volume Growth 2018-2023
  • Table 14 Sales of Apparel and Footwear by Category: % Value Growth 2018-2023
  • Table 15 NBO Company Shares of Apparel and Footwear: % Value 2019-2023
  • Table 16 LBN Brand Shares of Apparel and Footwear: % Value 2020-2023
  • Table 17 Distribution of Apparel and Footwear by Format: % Value 2018-2023
  • Table 18 Distribution of Apparel and Footwear by Format and Category: % Value 2023
  • Table 19 Forecast Sales of Apparel and Footwear by Category: Volume 2023-2028
  • Table 20 Forecast Sales of Apparel and Footwear by Category: Value 2023-2028
  • Table 21 Forecast Sales of Apparel and Footwear by Category: % Volume Growth 2023-2028
  • Table 22 Forecast Sales of Apparel and Footwear by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources