Market Insights Consumer Apparel Women's Apparel

Night & Underwear - Cuba

Cuba

In 2024, the Night & Underwear market in Cuba is projected to generate a revenue of US$72.56m.
According to market forecasts, this segment is expected to experience an annual growth rate of -1.55% (CAGR 2024-2029).
In comparison to other countries worldwide, in the United States leads in terms of revenue generation, with a projected revenue of US$24,320m in 2024.
When considering the population, the per person revenue in Cuba's Night & Underwear market is estimated to be US$6.49 in 2024.
Looking ahead to 2029, the volume of the Night & Underwear market in Cuba is projected to reach 13.2m pieces units.
However, a slight decline in volume growth of -0.4% is expected in 2025.
On average, each person in Cuba is anticipated to have a volume of 1.2pieces units in the Night & Underwear market in 2024.
Cuban consumers are increasingly seeking luxurious and comfortable nightwear and underwear options, reflecting a growing demand for high-quality and stylish intimate apparel.

Key regions: Germany, Australia, Indonesia, China, Europe

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.