Home Décor - Burundi

Burundi

In Burundi, the revenue generated in the Home Décor market Segment in 2024 amounts to US$2.06m.
It is projected that the market will experience an annual growth rate of 2.23% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with a total of US$35,440m in 2024.
In terms of per capita revenue, each person in Burundi generates US$0.15 in 2024.
"Burundi's home décor market is embracing traditional craftsmanship and incorporating vibrant African prints to create unique and culturally rich interior designs."

Key regions: India, France, United States, Canada, Denmark

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Analyst Opinion

The Home Décor market in Burundi is experiencing a steady growth due to the increasing demand for home improvement products and the rising disposable income of consumers. Customer preferences in the Home Décor market in Burundi are influenced by global trends, with consumers seeking products that are both stylish and functional. There is a growing interest in modern and contemporary designs, as well as a preference for eco-friendly and sustainable materials. Consumers are also looking for products that offer convenience and ease of use, such as smart home devices and automated systems. Trends in the market include the popularity of diy (do-it-yourself) projects, as consumers are increasingly interested in personalizing their living spaces. This trend is driven by the desire for uniqueness and individuality, as well as the cost savings associated with diy projects. Additionally, there is a growing demand for customized and personalized home décor products, as consumers seek to create spaces that reflect their personal style and taste. Local special circumstances in Burundi, such as the country's rich cultural heritage and traditional craftsmanship, play a significant role in shaping the Home Décor market. Consumers in Burundi have a strong appreciation for locally-made products, which often feature intricate designs and patterns that are unique to the region. This has created a niche market for traditional home décor items, such as handwoven textiles, pottery, and woodwork. Underlying macroeconomic factors, such as the steady economic growth and urbanization in Burundi, are driving the development of the Home Décor market. As the country's economy continues to expand, more consumers are able to afford home improvement products and invest in their living spaces. Urbanization also plays a role, as more people move to cities and seek to create comfortable and stylish homes. In conclusion, the Home Décor market in Burundi is growing steadily due to the increasing demand for home improvement products,

Customer preferences: for stylish and functional designs, and the influence of global trends. The market is also shaped by

Local special circumstances: such as the country's rich cultural heritage and traditional craftsmanship.

Underlying macroeconomic factors: such as economic growth and urbanization, are driving the development of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. 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, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, 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 is considered at a country-specific level.