Market Insights Consumer Apparel Children's Apparel

Sports & Swimwear - Bhutan

Bhutan

In 2024, the Sports & Swimwear market in Bhutan is projected to generate a revenue of US$1.02m in the market.
This market is expected to grow at an annual rate of 4.15% from 2024 to 2029, according to the Compound Annual Growth Rate (CAGR).
When compared to other countries worldwide, in the United States is expected to generate the highest revenue of US$13,120m in the Sports & Swimwear market in 2024.
In terms of per capita revenue, each person in Bhutan is expected to generate US$1.29 in the Sports & Swimwear market in 2024.
Looking ahead to 2029, the volume of the Sports & Swimwear market in Bhutan is projected to reach 61.8k pieces.
Additionally, there is an estimated volume growth of 1.4% expected in 2025.
On average, each person in Bhutan is anticipated to contribute 0.1pieces volume in the Sports & Swimwear market in 2024.
Bhutan's growing interest in outdoor activities and commitment to environmental preservation drives the demand for sustainable and eco-friendly sports and swimwear.

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

Market

Region

Region comparison

Currency

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.