Marking the second consecutive year of growth after a previous two-year decline, Brazil’s imports of women's hosiery items, including socks and stockingsincreased by 25 per cent to 14 million pairs in 2023.

In terms of value, women's hosiery imports by Brazil rose to $89 million in 2023, as per IndexBox estimates. China emerged as Brazil’s top supplier in 2023, providing 9.3 million pairs, or 68 per cent of Brazil's total hosiery imports. This volume far surpassed the second-largest supplier, Paraguay, which supplied 3.9 million pairs. Argentina ranked third, with a supply of 105,000 pairs, representing a 0.8 per cent share. From 2013 to 2023, China’s exports to Brazil grew at an average annual rate of 17.8 per cent, while Paraguay experienced a higher growth rate of 39.1 per cent per year. Meanwhile, Argentina's volume remained stable.

In terms of value, Brazil’s main suppliers in 2023 included China with imports worth $43 million from the country. This was followed by Paraguay with $35 million imports, and Argentina with imports valuing $4.1 million. Together, these countries accounted for 92 per cent of Brazil’s total imports. Imports from Paraguay grew at a 47.8 per cent CAGR over the review period, while imports from other suppliers grew at more moderate growth rates.

In 2023, the average import price of women’s hosiery in Brazil declined by 5.2 per cent to $6.60 per pair (CIF) from the previous year. Import prices have generally trended downward since 2015 when they peaked at $14 per pair. Prices also varied significantly by country of origin, with Pakistan having the highest average price at $26 per pair, while Hong Kong had one of the lowest, at $3.10 per pair. From 2013 to 2023, Pakistan's prices rose by an average of 9.1 per cent annually, while prices from other major suppliers displayed mixed trends.