Socks - Southern Europe

  • Southern Europe
  • The revenue generated in the Socks market in Southern Europe amounts to US$0.39bn in 2024.
  • It is projected to grow annually by 1.49% (CAGR 2024-2029).
  • When compared globally, in China generates the highest revenue in this segment, reaching US$1,026m in 2024.
  • In terms of per capita figures, each person in Southern Europe generates US$1.67 in revenue in 2024.
  • Looking at volume, it is expected to reach 286.9m pieces in the Socks market by 2029.
  • However, there is a slight volume decline of -1.4% predicted for 2025.
  • On average, each person in Southern Europe is expected to consume 1.3pieces pairs of socks in 2024.
  • In Southern Europe, Italy's fashion-forward culture is driving a rising demand for high-quality, stylish socks.

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

 
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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.

Overview

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