Market Insights Consumer Apparel Women's Apparel

Blazers - Laos

Laos

in Laos, a country Southeast_Asia, plays a significant role in the Blazers market.
In 2024, the segment's revenue in Laos amounts to US$3.98m.
Looking ahead, the market is projected to experience an annual growth rate of 2.80%, as measured by the compound annual growth rate (CAGR) from 2024 to 2029.
When comparing in Laos to other countries globally, it is important to note that in China generates the highest revenue in the Blazers market, reaching US$24,210m in 2024.
To gain a better understanding of the market's performance in Laos, it is useful to consider the revenue per person.
In 2024, the per person revenue in the Blazers market amounts to US$0.51.
Moving on to volume, it is expected to reach 200.7k pieces in the Blazers market by 2029.
In 2025, the segment is projected to show a volume growth of 0.6%.
Lastly, the average volume per person in the Blazers market is expected to be 0.0pieces in 2024.
These figures provide insight into the market's potential and its impact on the country's economy.
Laos' blazer market is experiencing a surge in demand due to the country's growing middle class and increasing preference for Western fashion trends.

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

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.