Market Insights Consumer Apparel Women's Apparel

Suits & Ensembles - Burkina Faso

Burkina Faso

The Suits & Ensembles market in Burkina Faso is projected to generate a revenue of US$9.20m by 2024.
This market is expected to experience an annual growth rate of 3.86% (CAGR 2024-2029).
In comparison to other countries, in India leads the global market with a revenue of US$1,776m in 2024.
In terms of per capita figures, the revenue per person in Burkina Faso's Suits & Ensembles market is estimated to be US$0.39 in 2024.
Looking ahead, the volume in the Suits & Ensembles market is forecasted to reach 0.4m pieces by 2029, with a growth rate of 4.4% expected in 2025.
Furthermore, the average volume per person in the segment is projected to be 0.0pieces in 2024.
Despite being a landlocked country with limited access to international fashion trends, Burkina Faso's growing middle class is embracing traditional African designs in their suits and ensembles.

Key regions: Australia, Malaysia, Singapore, United States, China

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.