| Product Code: ETC5686060 | 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 saw a significant increase in socks import shipments in 2024, with top exporters being China, Thailand, Malaysia, India, and Turkey. The market continued to exhibit high concentration levels, indicating a competitive landscape. Despite a strong compound annual growth rate (CAGR) of 22.66% from 2020 to 2024, there was a slight decline in the growth rate from 2023 to 2024 at -12.39%. This data suggests a dynamic market environment with potential opportunities for both domestic retailers and international suppliers in the socks industry.

In the Asia region, the Socks market in Maldives is projected to expand at a high growth rate of 14.23% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

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 Socks Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Socks Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Socks Market - Industry Life Cycle |
3.4 Maldives Socks Market - Porter's Five Forces |
3.5 Maldives Socks Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Maldives Socks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Maldives Socks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Maldives Socks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing fashion consciousness among consumers in the Maldives |
4.2.2 Increasing disposable income leading to higher spending on clothing and accessories |
4.2.3 Rising demand for sustainable and ethically produced socks in the market |
4.3 Market Restraints |
4.3.1 Seasonality in demand for socks due to climate variations in the Maldives |
4.3.2 Competition from international sock brands entering the Maldives market |
4.3.3 Lack of local manufacturing capabilities leading to dependency on imports |
5 Maldives Socks Market Trends |
6 Maldives Socks Market Segmentations |
6.1 Maldives Socks Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Maldives Socks Market Revenues & Volume, By Casual, 2021-2031F |
6.1.3 Maldives Socks Market Revenues & Volume, By Formal, 2021-2031F |
6.1.4 Maldives Socks Market Revenues & Volume, By Athletic, 2021-2031F |
6.2 Maldives Socks Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Socks Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 Maldives Socks Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 Maldives Socks Market Revenues & Volume, By Children, 2021-2031F |
6.3 Maldives Socks Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Maldives Socks Market Revenues & Volume, By Hypermarket & Supermarket, 2021-2031F |
6.3.3 Maldives Socks Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.3.4 Maldives Socks Market Revenues & Volume, By Online, 2021-2031F |
7 Maldives Socks Market Import-Export Trade Statistics |
7.1 Maldives Socks Market Export to Major Countries |
7.2 Maldives Socks Market Imports from Major Countries |
8 Maldives Socks Market Key Performance Indicators |
8.1 Average selling price of socks in the Maldives market |
8.2 Number of retail outlets stocking a variety of sock brands |
8.3 Consumer awareness and preference for eco-friendly and sustainable sock options |
8.4 Percentage of online sales in the overall sock market in the Maldives |
8.5 Adoption rate of innovative sock designs and materials in the market |
9 Maldives Socks Market - Opportunity Assessment |
9.1 Maldives Socks Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Maldives Socks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Maldives Socks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Maldives Socks Market - Competitive Landscape |
10.1 Maldives Socks Market Revenue Share, By Companies, 2024 |
10.2 Maldives Socks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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