Market Insights Consumer Apparel Children's Apparel

Socks - Sierra Leone

Sierra Leone

in Sierra Leone, a country in West Africa, contributes to the revenue in the Socks market.
In 2024, the revenue in this segment amounts to US$1.05m.
Looking ahead, the market is expected to grow annually by 1.48% (CAGR 2024-2029).
When comparing the revenue on a global scale, it is worth noting that in China generates the highest revenue in the Socks market.
In 2024, in China's revenue is projected to reach a staggering US$1,026m.
To put the revenue into perspective, we can examine the per person revenues in Sierra Leone.
In 2024, the per person revenues in the Socks market is estimated to be US$0.12.
Moving on to the volume in the Socks market, it is expected to reach 3.4m pieces units by 2029.
Moreover, a volume growth of 2.9% is anticipated in 2025.
To understand the average volume per person, it is projected to be 0.3pieces units in 2024 in Sierra Leone.
Sierra Leoneans are increasingly embracing locally-made socks, supporting domestic textile industries and promoting sustainable fashion.

Key regions: Europe, India, Philippines, Indonesia, United States

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.