Market Insights Consumer Apparel Children's Apparel

Socks - Worldwide

Worldwide

The revenue generated in the Socks market worldwide is projected to reach US$5.70bn in 2024.
This market is expected to grow annually by 2.34% from 2024 to 2029, according to the compound annual growth rate (CAGR).
When comparing global revenues, in China leads the way with a projected revenue of US$1,026m in 2024.
In terms of per capita revenue, each person is expected to generate US$0.73 in the Socks market in 2024, taking into account the total population figures worldwide.
Looking ahead to 2029, the volume of the Socks market is forecasted to reach 4.7bn pieces units.
Additionally, there is an estimated volume growth of 0.5% units in 2025.
On average, each person is expected to consume 0.6pieces units of socks in the Socks market in 2024.
The demand for high-quality, eco-friendly socks is on the rise in the United States, driven by a growing emphasis on 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.