Sports & Swimwear - Belarus

  • Belarus
  • in Belarus, a country Eastern_Europe, has seen significant revenue growth in the Sports & Swimwear market.
  • In 2024, the revenue in this sector reached an impressive US$49.15m.
  • This growth is projected to continue with an annual increase of 4.35% (CAGR 2024-2029).
  • When compared globally, in the United States leads the pack with a staggering revenue of US$23,010m in 2024.
  • This demonstrates the dominance of the American market in the Sports & Swimwear market.
  • To put this into perspective, in 2024, in Belarus generated a revenue of US$5.20 per person in the Sports & Swimwear market.
  • This showcases the country's strong consumer demand and the potential for further growth.
  • Looking ahead to 2029, the volume of the Sports & Swimwear market in Belarus is expected to reach 1.8m pieces.
  • This indicates a steady growth trajectory for the sector.
  • Additionally, there is a projected volume growth of 3.1% in 2025, highlighting the continuous expansion of the market.
  • On an individual basis, the average volume per person in the Sports & Swimwear market is predicted to be 0.2pieces in 2024.
  • This suggests that Belarusians have a notable interest in sports and swimwear products.
  • Overall, the Sports & Swimwear market in Belarus is experiencing robust revenue and volume growth.
  • With a promising outlook for the future, this market segment presents exciting opportunities for both local and international businesses.
  • Belarus has seen a surge in demand for sports and swimwear, driven by the country's growing interest in health and fitness activities.

Key regions: Indonesia, Malaysia, United States, Philippines, China

 
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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.

Overview

  • Revenue
  • Sales Channels
  • Volume
  • Price
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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