Market Insights Consumer Apparel Women's Apparel

Socks - North Macedonia

North Macedonia

In 2024, the revenue in the Socks market in North Macedonia amounts to US$18.31m.
It is projected to grow annually by 1.96% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this segment, reaching US$4,337m in 2024.
In terms of per person revenues, in North Macedonia generates US$8.79 in 2024.
Looking ahead, the volume in the Socks market is expected to reach 5.4m pieces by 2029.
However, there will be a slight volume decline of -0.2% in 2025.
On average, each person in North Macedonia is expected to purchase 2.6pieces units of socks in 2024.
North Macedonia's sock market is thriving, with a surge in demand for high-quality, locally-made socks among fashion-conscious consumers.

Key regions: Indonesia, Malaysia, Germany, United States, Philippines

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.