Socks - Egypt

  • Egypt
  • The Socks market in Egypt is projected to generate a revenue of €136.40m in 2024.
  • It is anticipated that the market will experience an annual growth rate of 5.87% from 2024 to 2029 (CAGR 2024-2029).
  • In terms of global comparison, in China leads the market with a revenue of €2,878m in 2024.
  • When considering the population, the per person revenue in Egypt's Socks market is estimated to be €1.19 in 2024.
  • The volume of the Socks market in Egypt is expected to reach 133.5m pieces units by 2029.
  • Additionally, a volume growth of 2.0% units is projected for 2025.
  • On average, each person in Egypt is expected to purchase 1.1pieces units of socks in 2024.
  • Egypt is experiencing a surge in demand for locally-made, handcrafted socks, showcasing the country's rich textile heritage.

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

 
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Región
 
Comparación de regiones
 
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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.

Visión general

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