Market Insights Consumer Household Appliances Small Appliances

Toasters - Namibia

Namibia

The revenue generated in the Toasters market in the country of Namibia amounts to N US$1.23m in the year 2024.
It is projected that this market will experience an annual growth rate of 5.53% from 2024 to 2029, also known as a compound annual growth rate (CAGR).
In comparison to other countries, in China generates the highest revenue in the Toasters market, with a total of N US$876m in 2024.
When looking at the per household revenue, it is estimated that N US$2.14 will be generated in 2024.
This figure indicates the revenue generated per household in relation to the total number of households in the country.
By the year 2029, the volume of toasters in the market segment is expected to reach 44.4k pieces units.
Furthermore, a volume growth rate of 3.8% is projected for the Toasters market in 2025.
On average, each household is expected to have a volume of 0.06pieces units in the Toasters market by 2024.
"Namibians are increasingly opting for toasters with multi-function settings to accommodate their diverse breakfast preferences."

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

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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.