The Event Tickets market in Burundi has been experiencing steady growth in recent years, driven by customer preferences for live entertainment and cultural events.
Customer preferences: Burundian consumers have shown a growing interest in attending live events, such as concerts, sports matches, and theater performances. This can be attributed to a desire for entertainment and leisure activities, as well as a growing appreciation for the arts and cultural events. The younger population, in particular, is actively seeking out opportunities to attend events and engage in social activities.
Trends in the market: One of the key trends in the Event Tickets market in Burundi is the increasing popularity of international artists and performers. This trend reflects the globalization of the entertainment industry and the growing influence of international music and cultural trends. As a result, there has been a rise in demand for tickets to concerts and shows featuring international artists, both from neighboring countries and from further afield. Another trend in the market is the growing popularity of sports events, particularly football matches. Football is a widely followed sport in Burundi, and the local football league has gained significant attention in recent years. This has led to an increased demand for tickets to football matches, as fans are eager to support their favorite teams and experience the excitement of live sports.
Local special circumstances: The Event Tickets market in Burundi is also influenced by local special circumstances. One such circumstance is the limited availability of venues and infrastructure for hosting large-scale events. While there are a few stadiums and concert halls in major cities, the capacity is often limited, leading to high demand for tickets and sometimes difficulty in obtaining them. Additionally, the political and social situation in the country can also impact the availability and accessibility of events, as security concerns may arise.
Underlying macroeconomic factors: The growth of the Event Tickets market in Burundi is also influenced by underlying macroeconomic factors. The country has experienced stable economic growth in recent years, which has contributed to an increase in disposable income and consumer spending. As a result, more people are able to afford tickets to events and are willing to spend on entertainment and leisure activities. Additionally, the growth of the middle class in Burundi has also played a role in driving the demand for event tickets, as this segment of the population has more disposable income and a greater inclination towards attending live events. In conclusion, the Event Tickets market in Burundi is developing due to customer preferences for live entertainment and cultural events, as well as the influence of international artists and the popularity of sports events. Local special circumstances, such as limited venue availability and security concerns, also impact the market. The underlying macroeconomic factors, including stable economic growth and the growth of the middle class, contribute to the increasing demand for event tickets in Burundi.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us 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 relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a 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. GCS data is reweighted for representativeness.
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