A weak economy up to 2019 and high prices caused by a depreciated local currency limited growth in apparel and footwear in Nigeria; however, it is still very much an emerging category that has strong scope to grow amongst the large pool of consumers of second-hand products or items in the informal sector. The rapid rate of urbanisation in...
Apparel and footwear continued to post double-digit current value growth in Vietnam in 2019, mainly due to higher living standards, a gradual increase in average incomes and the strong development of social media networks. In addition, growth is being supported by the strong rise in overall GDP and expansion of the country’s middle income...
In 2019, volume and value growth of apparel and footwear was healthy and similarly positive to, but slightly slower in Thailand than it was in the previous year, with local brands and imported items from China and Korea having gained ground thanks to their competitive price points and favourable designs. Apparel and Footwear in Thailand...
Positive growth is seen across all categories in apparel and footwear in Morocco in 2019. This is being supported by a number of factors and trends, such as increased employment leading to stronger consumer spending power (particularly as seen with women consumers) which, in turn, is seen to be supporting sales of apparel such as women’s suits...
Value growth of apparel and footwear in Austria remained positive, if modestly so, in 2019. All categories saw similar growth over the year, with sportswear posting the highest increase as the trend towards more casual dress codes in the workplace and in general continues to drive demand –especially for sports-inspired apparel and footwear,...
Apparel in Israel is being affected by a number of factors overall. These trends are discussed in further detail in this report. In brief, these revolve around an increase in the popularity of online shopping, the ease of international travel, and the impact made by large global players. Ultimately, this is resulting in more intense price...
Rising consumer disposable incomes in Indonesia are helping to boost demand for apparel and footwear, particularly sportswear, with the athleisure trend continuing to expand. As sportswear is related to basic fashion style, strong growth is having a positive impact on categories such as tops and jeans. Meanwhile, other areas in footwear, except...
Denim Jeans market worldwide is projected to grow by US$21.9 Billion, driven by a compounded growth of 4.3%. Denim Jeans, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing...
The India watch market is projected to grow at a CAGR of 20.32% over the forecast period, 2020-2025. By product type, the quartz segment holds the maximum share, however, the smart watch segment was the fastest growing segment, mostly followed by an increasing demand coming from fitness sports and health-conscious consumers. On the...
Apparel and footwear continued to record a positive performance in current value terms in Portugal in 2019. After several years of recession, the Portuguese economy began to grow again in 2014, buoyed by the European Central Bank’s loose monetary policy and increased exports. As a result, consumer confidence began to bounce back. This recovery...