Market Insights Consumer Apparel Men's Apparel

Jerseys, Sweatshirts & Pullovers - Nepal

Nepal

The Jerseys, Sweatshirts & Pullovers market in Nepal is projected to generate a revenue of US$46.67m in 2024.
It is anticipated to grow annually by 3.44% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of US$14,170m in 2024.
In terms of per person revenues, in Nepal is expected to generate US$1.57 in 2024.
The volume in the Jerseys, Sweatshirts & Pullovers market is estimated to reach 2.3m pieces units by 2029.
Furthermore, the segment is projected to experience a volume growth of 1.5% in 2025.
The average volume per person in the Jerseys, Sweatshirts & Pullovers market is estimated to be 0.1pieces units in 2024.
Nepal's market for Jerseys, Sweatshirts & Pullovers is experiencing a surge in demand due to the country's growing adventure tourism industry.

Key regions: India, Germany, Australia, Indonesia, China

Market

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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.