Market Insights Consumer Apparel Women's Apparel

Blazers - Nigeria

Nigeria

In 2024, the Blazers market in Nigeria generated a revenue of ₦US$100.40m.
It is projected to have an annual growth rate of 7.06% from 2024 to 2029 (CAGR 2024-2029).
Comparatively, in China leads the global market with a revenue of ₦US$24,210m in 2024.
When considering the population, the per person revenue in the Blazers market in Nigeria amounts to ₦US$0.43 in 2024.
By 2029, the volume in the Blazers market is expected to reach 5.1m pieces units.
Furthermore, a volume growth of 1.2% is anticipated in 2025.
The average volume per person in the Blazers market is projected to be 0.0pieces units in 2024.
The demand for traditional Nigerian blazers is on the rise, as consumers seek to showcase their cultural heritage in stylish and sophisticated ways.

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

Market

Region

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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.