Market Insights Consumer Household Appliances Small Appliances

Irons - Bhutan

Bhutan

In 2024, the revenue generated in the Irons market in Bhutan amounts to a substantial US$0.84m.
It is projected that this market will experience an annual growth rate of 4.96%, as measured by the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared globally, it is noteworthy that in China generates the highest revenue in this segment, reaching a staggering US$2,139m in 2024.
In terms of household income, the per household revenue in Bhutan is estimated to be US$4.90 in 2024.
This figure provides an indication of the economic activity within the Irons market relative to the total number of households in the country.
Looking towards the future, by 2029, the volume of the Irons market is expected to reach 19.2k pieces units.
Furthermore, a growth rate of 2.6% is anticipated in 2025.
These figures demonstrate the increasing market demand for irons in Bhutan.
On average, each household is predicted to possess 0.10pieces units of irons within the segment in 2024.
This metric reflects the level of iron ownership per household and provides insights into consumer behavior within the Irons market in Bhutan.
Bhutan's growing focus on sustainability and eco-friendly practices is driving a demand for energy-efficient irons in the market.

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.