Socks - China

  • China
  • In 2024, the revenue in the Socks market in China reached a staggering €2.87bn.
  • This market is projected to experience a steady annual growth rate of 3.32% (CAGR 2024-2028).
  • in China dominates the global market, generating the highest revenue of €2.87bn in 2024.
  • When considering the population size, the per person revenue in 2024 amounts to €2.00.
  • Looking ahead to 2028, the volume in the Socks market is expected to reach 1.3bn pieces units.
  • However, there will be a slight decline of -0.7% in volume growth in 2025.
  • On an individual level, the average volume per person in the Socks market is predicted to be 0.9pieces units in 2024.
  • Chinese consumers have embraced the trend of funky and colorful socks, making it a booming market in China.

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

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

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.

Vue d’ensemble

  • Revenue
  • Sales Channels
  • Key Players
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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