According to Statista, the global market value of socks was calculated at $12.51 billion in 2022. This value is expected to increase even more at a CAGR of 5.02% by the end of 2027. This shows that you can make huge revenue through a wholesale socks business.
There is a wide range of materials used to manufacture socks. You should try to get a variety of premium quality socks made with different materials to achieve success in your business. Here is a list of the most common materials used to make socks:
- Merino Wool
How to Choose Perfect Socks Wholesale?
You should consider the following factors to choose the perfect socks wholesaler for your business:
- Go for a Variety of Quality Socks: Choosing wholesalers who provide the best quality socks should be your priority. However, you should also check the variety of socks that wholesalers offer. For this purpose, ask the potential wholesalers to send some samples. By examining the quality and variety of socks, you will be able to choose the perfect wholesalers for your business.
- Ask About the Return Policy: It is possible that despite checking the samples, you received some damaged pairs of socks in your order. To avoid such disappointment, you should ask the prospective wholesalers about their return or exchange policy. It is suggested to select a wholesaler who offers a money-back guarantee upon receiving a damaged or wrong supply.
- Check the Packaging: Lastly, you should know that socks packaging plays a huge role in sales. Customers love to buy socks that come in cute and attractive packaging. So before choosing socks wholesalers, you should ask about what kind of socks packaging they provide.
How many pairs of socks are sold each year?
According to a report, around 21,239.05 million pairs of socks are sold every year.