| Product Code: ETC5385366 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives continues to rely heavily on imports for apparel and footwear, with key suppliers being India, Sri Lanka, China, Australia, and the UAE in 2024. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), has significantly increased, indicating a high level of concentration among these top exporting countries. Despite a negative compound annual growth rate (CAGR) from 2020 to 2024 and a steep decline in growth rate from 2023 to 2024, the Maldives apparel and footwear import market remains dynamic and responsive to global trends.

The Apparel and Footwear market in Maldives is projected to grow at a growing growth rate of 9.31% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Apparel and Footwear Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Apparel and Footwear Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Apparel and Footwear Market - Industry Life Cycle |
3.4 Maldives Apparel and Footwear Market - Porter's Five Forces |
3.5 Maldives Apparel and Footwear Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Apparel and Footwear Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.7 Maldives Apparel and Footwear Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Maldives Apparel and Footwear Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing tourism industry in Maldives leading to increased demand for apparel and footwear products |
4.2.2 Rising disposable income levels among the local population driving consumer spending on fashion items |
4.2.3 Increasing adoption of western fashion trends and preferences for branded products in the Maldives market |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to the country's dependence on tourism |
4.3.2 Limited domestic manufacturing capabilities leading to reliance on imports and supply chain disruptions |
4.3.3 High competition from international brands and online retailers impacting local apparel and footwear businesses |
5 Maldives Apparel and Footwear Market Trends |
6 Maldives Apparel and Footwear Market Segmentations |
6.1 Maldives Apparel and Footwear Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Apparel and Footwear Market Revenues & Volume, By Apparel, 2021-2031F |
6.1.3 Maldives Apparel and Footwear Market Revenues & Volume, By Casual Wear, 2021-2031F |
6.1.4 Maldives Apparel and Footwear Market Revenues & Volume, By Sports Wear, 2021-2031F |
6.1.5 Maldives Apparel and Footwear Market Revenues & Volume, By Night Wear, 2021-2031F |
6.1.6 Maldives Apparel and Footwear Market Revenues & Volume, By Others, 2021-2031F |
6.1.7 Maldives Apparel and Footwear Market Revenues & Volume, By Footwear? , 2021-2031F |
6.1.9 Maldives Apparel and Footwear Market Revenues & Volume, By Slippers, 2021-2031F |
6.1.10 Maldives Apparel and Footwear Market Revenues & Volume, By Slippers, 2021-2031F |
6.2 Maldives Apparel and Footwear Market, By End-user |
6.2.1 Overview and Analysis |
6.2.2 Maldives Apparel and Footwear Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 Maldives Apparel and Footwear Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 Maldives Apparel and Footwear Market Revenues & Volume, By Kids, 2021-2031F |
6.3 Maldives Apparel and Footwear Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Maldives Apparel and Footwear Market Revenues & Volume, By Speciality Stores, 2021-2031F |
6.3.3 Maldives Apparel and Footwear Market Revenues & Volume, By Supermarkets/Hypermarkets, 2021-2031F |
6.3.4 Maldives Apparel and Footwear Market Revenues & Volume, By Online Channels, 2021-2031F |
6.3.5 Maldives Apparel and Footwear Market Revenues & Volume, By Others, 2021-2031F |
7 Maldives Apparel and Footwear Market Import-Export Trade Statistics |
7.1 Maldives Apparel and Footwear Market Export to Major Countries |
7.2 Maldives Apparel and Footwear Market Imports from Major Countries |
8 Maldives Apparel and Footwear Market Key Performance Indicators |
8.1 Average spend per tourist on apparel and footwear products in the Maldives |
8.2 Growth rate of e-commerce sales for apparel and footwear items in the Maldives market |
8.3 Number of new retail outlets opening in key tourist areas in the Maldives |
8.4 Percentage of local brands' market share in the apparel and footwear sector |
8.5 Consumer sentiment index related to fashion and shopping trends in the Maldives |
9 Maldives Apparel and Footwear Market - Opportunity Assessment |
9.1 Maldives Apparel and Footwear Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Apparel and Footwear Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.3 Maldives Apparel and Footwear Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Maldives Apparel and Footwear Market - Competitive Landscape |
10.1 Maldives Apparel and Footwear Market Revenue Share, By Companies, 2024 |
10.2 Maldives Apparel and Footwear Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |