HS Code:
Other graduated compression hosiery (HS Code: 6115.10.90) includes specialized hosiery products designed to apply graduated pressure to the legs, typically used for medical purposes such as improving blood circulation, preventing varicose veins, and managing lymphedema. These products are distinct from regular hosiery due to their therapeutic design and materials, often incorporating elastic fibers. They are widely used in healthcare settings and by individuals with specific medical conditions. Global trade in this category is influenced by aging populations, increasing awareness of vascular health, and advancements in textile technology.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 250 million
20.8% of total trade of total trade
Increasing
USD 210 million
17.5% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Rising demand due to aging populations
Increased imports in countries with older demographics, such as Japan and Germany, driving market growth by 5-7% annually.
2022
Technological advancements in materials
Development of lightweight, breathable, and durable compression hosiery has expanded consumer adoption and boosted export potential for innovative manufacturers.
2021
Growing e-commerce penetration
Online sales platforms have made graduated compression hosiery more accessible, increasing trade volumes for countries with strong digital marketplaces like the US and China.
2022
The European Union implemented stricter regulations under the Medical Device Regulation (MDR) framework, requiring manufacturers of graduated compression hosiery to meet enhanced safety and performance standards.
May 2021
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant manufacturers in developing countries.
As part of the Phase 1 trade deal, tariffs on certain textile products, including compression hosiery, were reduced, facilitating smoother trade between the two countries.
January 2020
Boosted Chinese exports to the US market, contributing to a 10% increase in trade volume for this category.
Several leading manufacturers in Germany and Italy introduced eco-friendly compression hosiery made from recycled materials, aligning with global sustainability trends.
March 2022
Attracted environmentally conscious consumers, potentially increasing market share for European exporters in premium segments.