Market Insights Consumer Apparel Men's Apparel

Socks - Mauritius

Mauritius

In 2024, the revenue generated in the Socks market in Mauritius amounts to MUR US$3.74m.
Based on current projections, the market is expected to grow annually by 0.84%, representing a compound annual growth rate (CAGR) for the period between 2024 and 2029.
When compared globally, it is worth noting that in China generates the highest revenue in the Socks market, with a staggering amount of MUR US$3,136m in 2024.
In terms of per capita figures, the revenue generated per person in Mauritius in 2024 amounts to MUR US$2.95.
This provides valuable insight into the individual spending power within the country's Socks market.
Looking ahead to 2029, it is projected that the volume in the Socks market will reach 1.4m pieces units.
However, there is a slight expected decline in volume growth of -0.6% in 2025.
Furthermore, the average volume per person in the Socks market is forecasted to be 1.1pieces units in 2024, providing an indication of the consumption patterns within the market.
Mauritius is experiencing a surge in demand for locally made, handcrafted socks, reflecting the country's commitment to supporting local artisans and promoting sustainable fashion.

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

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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.