Market Insights Consumer Apparel Men's Apparel

Night & Underwear - Guyana

Guyana

In the year 2024, the Night & Underwear market in Guyana generated revenue amounting to US$0.90m.
It is projected that this market will experience an annual growth rate of 5.39%, as calculated through the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When comparing this revenue on a global scale, it is evident that in the United States generates the highest revenue with a staggering amount of US$5,785m in 2024.
This showcases the significant presence of the Night & Underwear market in the American market.
To provide a more comprehensive perspective, it is essential to consider the revenue per person in Guyana.
In 2024, the per person revenue in the Night & Underwear market stood at US$1.10.
This figure indicates the average revenue generated by each individual in Guyana within this market segment.
Looking ahead to 2029, the volume of the Night & Underwear market is projected to reach 110.1k pieces.
This growth reflects the increasing demand for Night & Underwear market products in Guyana.
Furthermore, it is expected that the volume of the Night & Underwear market will experience a slight growth of 0.7% in the year 2025.
This indicates a positive trend in the market's expansion.
Considering the average volume per person in the Night & Underwear market, it is projected to amount to 0.1pieces in 2024.
This figure represents the average quantity of Night & Underwear market products purchased per person in Guyana.
The demand for luxury nightwear and underwear in Guyana is on the rise, as consumers increasingly prioritize comfort and quality.

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

Market

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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.