Market Insights Consumer Household Appliances Small Appliances

Irons - Benin

Benin

In 2024, the Irons market in Benin recorded a revenue of US$8.75m.
Looking ahead, the market is projected to grow at an annual rate of 6.04%, according to the Compound Annual Growth Rate (CAGR) for the period 2024-2029.
On a global scale, in China leads the way in terms of revenue generated in the Irons market, with a staggering US$2,139m in 2024.
When considering the total number of households, the per household revenue in the Irons market for 2024 reaches US$3.36.
Moving towards the future, the volume of the Irons market is expected to reach 200.6k pieces units by 2029.
Furthermore, a volume growth of 3.7% is anticipated in 2025.
In terms of average volume per household in the Irons market, it is projected to be 0.06pieces units in 2024.
Despite being a small market, Benin has seen a rise in demand for high-quality irons due to increased urbanization and modernization.

Key regions: Worldwide, China, Indonesia, India, United States

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.