Market Insights Consumer Apparel Women's Apparel

Clothing Accessories & Other Clothes - Baltics

Baltics

In 2024, the revenue in the Clothing Accessories & Other Clothes market in Baltics amounted to US$210.80m.
It is projected that this market will experience an annual growth rate of 2.78% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this segment, reaching US$18,680m in 2024.
In terms of per capita income, the revenue generated per person in Baltics is US$36.21 in 2024.
Looking ahead to 2029, the volume in the Clothing Accessories & Other Clothes market is expected to reach 27.0m pieces units.
Additionally, a volume growth of 0.7% is anticipated in 2025.
The average volume per person in the Clothing Accessories & Other Clothes market is projected to be 4.5pieces units in 2024.
The Baltics have seen a rising trend in local artisans creating unique and sustainable clothing accessories, showcasing the region's rich cultural heritage.

Key regions: United States, Indonesia, Germany, Malaysia, Singapore

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.