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Apparel Accessories in Nigeria

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    Report

  • 17 Pages
  • January 2024
  • Region: Nigeria
  • Euromonitor International
  • ID: 4463226
Apparel accessories reported a steep decline in sales in retail volume terms in 2023 due to a weak economy, high inflation, and reduced consumer spending power. Since many customers see apparel accessories as non-essential products, the category struggled as the economy came under significant pressure. High inflation, rising unemployment and a drop in disposable income meant that consumer priorities switched to meeting their basic needs.

The Apparel Accessories in Nigeria report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023 and analysis by distribution format allowing you to identify the sectors driving growth. It identifies the leading companies, leading brands, and offers strategic analysis of key factors influencing the market. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Belts, Gloves, Hats/Caps, Other Apparel Accessories, Scarves, Ties.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Apparel Accessories market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

APPAREL ACCESSORIES IN NIGERIAKEY DATA FINDINGS
2023 DEVELOPMENTS
  • Apparel accessories struggles due to the weakened economy
  • Belts perform best but suffer from rising unemployment and lower demand for formal apparel
  • Contraband trade limits sales through formal channels
PROSPECTS AND OPPORTUNITIES
  • Economic recovery set to boost demand for apparel accessories
  • Growing young, urban population set to be the key target audience
  • Belts and scarves set to drive growth
CATEGORY DATA
  • Table 1 Sales of Apparel Accessories by Category: Volume 2018-2023
  • Table 2 Sales of Apparel Accessories by Category: Value 2018-2023
  • Table 3 Sales of Apparel Accessories by Category: % Volume Growth 2018-2023
  • Table 4 Sales of Apparel Accessories by Category: % Value Growth 2018-2023
  • Table 5 NBO Company Shares of Apparel Accessories: % Value 2019-2023
  • Table 6 LBN Brand Shares of Apparel Accessories: % Value 2020-2023
  • Table 7 Forecast Sales of Apparel Accessories by Category: Volume 2023-2028
  • Table 8 Forecast Sales of Apparel Accessories by Category: Value 2023-2028
  • Table 9 Forecast Sales of Apparel Accessories by Category: % Volume Growth 2023-2028
  • Table 10 Forecast Sales of Apparel Accessories by Category: % Value Growth 2023-2028
APPAREL AND FOOTWEAR IN NIGERIA
EXECUTIVE SUMMARY
  • Apparel and footwear in 2023: The big picture
  • 2023 key trends
  • Competitive landscape
  • Retailing developments
  • What next for apparel and footwear?
MARKET DATA
  • Table 11 Sales of Apparel and Footwear by Category: Volume 2018-2023
  • Table 12 Sales of Apparel and Footwear by Category: Value 2018-2023
  • Table 13 Sales of Apparel and Footwear by Category: % Volume Growth 2018-2023
  • Table 14 Sales of Apparel and Footwear by Category: % Value Growth 2018-2023
  • Table 15 NBO Company Shares of Apparel and Footwear: % Value 2019-2023
  • Table 16 LBN Brand Shares of Apparel and Footwear: % Value 2020-2023
  • Table 17 Distribution of Apparel and Footwear by Format: % Value 2018-2023
  • Table 18 Distribution of Apparel and Footwear by Format and Category: % Value 2023
  • Table 19 Forecast Sales of Apparel and Footwear by Category: Volume 2023-2028
  • Table 20 Forecast Sales of Apparel and Footwear by Category: Value 2023-2028
  • Table 21 Forecast Sales of Apparel and Footwear by Category: % Volume Growth 2023-2028
  • Table 22 Forecast Sales of Apparel and Footwear by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
  • Summary 1 Research Sources