Socks - Australia

  • Australia
  • The Socks market in Australia generated a revenue of AU €63.40m in 2024.
  • This market is projected to grow at an annual rate of 3.82% from 2024 to 2029 (CAGR).
  • In comparison to other countries, in China leads in terms of revenue, generating AU €941m in 2024.
  • When considering the population, the per person revenue in the Socks market is AU €2.38 in 2024.
  • Looking ahead, the volume of the Socks market is expected to reach 32.6m pieces units by 2029.
  • There will be a slight volume growth of 1.0% units in 2025.
  • On average, each person in Australia is expected to purchase 1.2pieces units in the Socks market in 2024.
  • "The Australian sock market is booming with a surge in demand for sustainable and eco-friendly sock brands."

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

 
Mercado
 
Región
 
Comparación de regiones
 
Moneda
 

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.

Visión general

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