Japan Pantyhose Tights Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.4 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The Japanese pantyhose and tights market has experienced notable fluctuations over the past decade. In 2012, the market peaked at $10.2 billion. However, a declining trend ensued, with consumption decreasing over subsequent years. After four years of decline, 2023 saw a significant resurgence, with the market's value increasing by 24% to $6.9 billion. This rebound indicates a renewed consumer interest in hosiery products.
Several factors contribute to this market's dynamics:
Fashion Trends: The resurgence of skirts and dresses in fashion has elevated the demand for pantyhose and tights, especially among professionals and fashion-forward individuals.
Seasonal Demand: Colder months see a spike in tights sales as consumers seek warmth without compromising style.
Technological Advancements: Innovations in fabric technology have led to more comfortable and durable products, enhancing consumer satisfaction.
Import patterns have also played a role in shaping the market. After three years of growth, 2023 witnessed an 8.2% decline in imports, totaling 7.9 million pairs. Despite this dip, the overall import volume maintained a steady growth rate of 5.5% from 2020 to 2023, indicating a stable demand for foreign-made hosiery products. China remains the dominant supplier, accounting for 76.3% of Japan's pantyhose imports in 2023. Other notable suppliers include Vietnam (10%) and Cambodia (4.2%).
On the export front, Japan's pantyhose shipments decreased by 40.3% in 2023, marking the second consecutive year of decline. This downturn reflects challenges in international markets and increased competition from other hosiery-producing countries.
Personal observations suggest that Japanese consumers prioritize quality and durability in hosiery products. The market offers a diverse range of options, from sheer pantyhose suitable for formal occasions to opaque tights favored during colder seasons. The emphasis on innovation and quality ensures that products meet the high standards expected by consumers.
In conclusion, while the Japanese pantyhose and tights market has faced challenges, recent trends indicate a potential for recovery. Factors such as evolving fashion trends, seasonal demands, and technological advancements play pivotal roles in shaping the market's trajectory. The industry's ability to adapt and innovate will be crucial in meeting consumer expectations and sustaining growth in the coming years.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Pantyhose Tights Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Pantyhose Tights Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Pantyhose Tights Market, By Type
6. Japan Pantyhose Tights Market, By Application
7. Japan Pantyhose Tights Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Pantyhose Tights Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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