Market Insights Consumer Apparel Children's Apparel

Baby Clothes - Luxembourg

Luxembourg

in Luxembourg, a small but prosperous country, has been experiencing steady growth in the Baby Clothes market.
In 2024, the revenue in this market reached a substantial amount of US$18.20m.
Looking ahead, the market is projected to expand annually by 0.12%, resulting in a Compound Annual Growth Rate (CAGR) of 2024-2029.
When comparing global figures, it becomes evident that in the United States dominates the Baby Clothes market, generating a staggering revenue of US$8,148m in 2024.
However, when considering the per capita revenue, in Luxembourg shines with its per person revenue of US$27.52 in the same year.
The volume of the Baby Clothes market is predicted to reach 1.4m pieces by 2029, reflecting a positive growth trajectory.
However, it is worth noting that there might be a slight decline in volume growth in 2025, with a rate of -2.3%.
Despite this temporary setback, the average volume per person in the Baby Clothes market is expected to be 2.5pieces in 2024, further highlighting the significance of this market in Luxembourg.
Luxembourg's high disposable income and appreciation for quality make it a prime market for luxury baby clothing.

Key regions: Indonesia, Europe, India, Philippines, Singapore

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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.