Market Insights Consumer Apparel Men's Apparel

Socks - Italy

Italy

in Italy, a country known for its fashion industry, is also a significant player in the Socks market.
In 2024, the revenue in this segment amounts to US$0.37bn.
Looking ahead, the market is projected to grow annually by 0.53%, as a Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When comparing the global market, in China leads the way with a substantial revenue of US$3,136m in 2024.
This highlights in China's dominance in the industry.
In terms of per capita figures, each individual in Italy generates revenues of US$6.23 in 2024.
This indicates the significance of the Socks market and its contribution to the overall economy.
Moving forward, the volume in the Socks market is expected to reach 93.2m pieces units by 2029, showcasing a steady growth trajectory.
In 2025 alone, a volume growth of -0.1% is projected, signifying the market's resilience and potential for expansion.
On average, each person in Italy is expected to purchase 1.6pieces units in the Socks market in 2024.
This reflects the demand for socks and the market's ability to cater to consumers' needs.
Italian sock manufacturers are renowned for their high-quality craftsmanship and intricate designs, making Italy a global hub for luxury sock brands.

Key regions: Singapore, Europe, Malaysia, United States, Australia

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.