Market Insights Consumer Apparel Women's Apparel

Clothing Accessories & Other Clothes - Bosnia and Herzegovina

Bosnia and Herzegovina

The revenue generated in the Clothing Accessories & Other Clothes market in Bosnia and Herzegovina is projected to reach US$48.40m in 2024.
It is anticipated that the market will experience an annual growth rate of 2.49% (CAGR 2024-2029).
In comparison to other countries, in China is the leading revenue generator in this segment, with an estimated revenue of US$18,690m in 2024.
When considering the per capita figures, the per person revenue in Bosnia and Herzegovina's Clothing Accessories & Other Clothes market is expected to amount to US$15.15 in 2024.
Looking ahead, the volume in the Clothing Accessories & Other Clothes market is projected to reach 5,392.0k pieces by 2029.
Additionally, there is an expected volume growth of 1.6% in 2025.
On average, each person in Bosnia and Herzegovina is expected to contribute a volume of 1.6pieces in the Clothing Accessories & Other Clothes market in 2024.
Bosnia and Herzegovina's market for Clothing Accessories & Other Clothes is seeing a rise in demand for traditional handmade accessories, reflecting the country's rich cultural heritage.

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

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.