Market Insights Consumer Apparel Children's Apparel

Suits & Ensembles - Brazil

Brazil

In 2024, the Suits & Ensembles market in Brazil is projected to generate a revenue of BRL US$77.70m.
It is anticipated that this market will experience an annual growth rate of 1.90% (CAGR 2024-2029).
When compared to other countries, in China is the top revenue generator in this segment, with an estimated revenue of BRL US$624m in 2024.
In terms of per capita figures, the revenue per person in Brazil's Suits & Ensembles market is expected to be BRL US$0.36 in 2024.
Looking ahead to 2029, the volume in this segment is projected to reach 2.4m pieces units.
However, there may be a slight decline in volume growth in 2025, with an expected decrease of -2.8%.
On an individual level, the average volume per person in the Suits & Ensembles market is forecasted to be 0.0pieces units in 2024.
Brazil's growing economy and vibrant fashion scene have led to a surge in demand for stylish and tailored suits and ensembles.

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

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.