Market Insights Consumer Apparel Children's Apparel

Sports & Swimwear - Nordics

Nordics

In 2024, the revenue in the Sports & Swimwear market in the Nordics amounts to US$237.80m.
It is projected that this market will experience an annual growth rate of 4.23% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Sports & Swimwear market, with a total of US$13,120m in 2024.
In terms of per person revenues, the Nordics generate US$8.48 in 2024.
This figure is determined by dividing the total revenue by the total population of the Nordics.
Looking ahead to 2029, it is anticipated that the volume in the Sports & Swimwear market will reach 12.1m pieces.
Additionally, there is an expected volume growth of 3.3% in 2025.
On average, each person in the Nordics is estimated to contribute 0.4pieces to the volume of the Sports & Swimwear market in 2024.
The Nordic countries are leading the way in sustainable and eco-friendly sports and swimwear, with a focus on using recycled materials and reducing carbon footprint.

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

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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.