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Menswear in Nigeria

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    Report

  • 25 Pages
  • December 2024
  • Region: Nigeria
  • Euromonitor International
  • ID: 4463247
In 2024, menswear in Nigeria witnessed declining volume sales due to the challenging economic environment characterised by high inflation. With weak consumer spending power, demand declined as many consumers sought cheaper alternatives through second hand stores or simply reduced consumption. However, strong hikes in unit prices caused by the depreciation of the local currency led to double-digit current value growth.

The Menswear 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: Men's Nightwear, Men's Outerwear, Men's Swimwear, Men's Underwear.

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

Why buy this report?

  • Get a detailed picture of the Menswear 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

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Poor economic conditions leads to deeper volume decline in menswear
  • Formal wear impacted by rising unemployment and lower disposable incomes
  • Premium categories outperform mass categories in value terms
PROSPECTS AND OPPORTUNITIES
  • Economic recovery to boost demand for menswear
  • Rising employment creates higher need for formal wear and supports desire for casual wear
  • Social and online media will boost interest from the growing young population
CATEGORY DATA
  • Table 1 Sales of Menswear by Category: Volume 2019-2024
  • Table 2 Sales of Menswear by Category: Value 2019-2024
  • Table 3 Sales of Menswear by Category: % Volume Growth 2019-2024
  • Table 4 Sales of Menswear by Category: % Value Growth 2019-2024
  • Table 5 NBO Company Shares of Menswear: % Value 2020-2024
  • Table 6 LBN Brand Shares of Menswear: % Value 2021-2024
  • Table 7 NBO Company Shares of Men’s Nightwear: % Value 2020-2024
  • Table 8 LBN Brand Shares of Men’s Nightwear: % Value 2021-2024
  • Table 9 NBO Company Shares of Men’s Outerwear: % Value 2020-2024
  • Table 10 LBN Brand Shares of Men’s Outerwear: % Value 2021-2024
  • Table 11 NBO Company Shares of Men’s Swimwear: % Value 2020-2024
  • Table 12 LBN Brand Shares of Men’s Swimwear: % Value 2021-2024
  • Table 13 NBO Company Shares of Men’s Underwear: % Value 2020-2024
  • Table 14 LBN Brand Shares of Men’s Underwear: % Value 2021-2024
  • Table 15 Forecast Sales of Menswear by Category: Volume 2024-2029
  • Table 16 Forecast Sales of Menswear by Category: Value 2024-2029
  • Table 17 Forecast Sales of Menswear by Category: % Volume Growth 2024-2029
  • Table 18 Forecast Sales of Menswear by Category: % Value Growth 2024-2029
APPAREL AND FOOTWEAR IN NIGERIA
EXECUTIVE SUMMARY
  • Apparel and footwear in 2024: The big picture
  • 2024 key trends
  • Competitive landscape
  • Retailing developments
  • What next for apparel and footwear?
MARKET DATA
  • Table 19 Sales of Apparel and Footwear by Category: Volume 2019-2024
  • Table 20 Sales of Apparel and Footwear by Category: Value 2019-2024
  • Table 21 Sales of Apparel and Footwear by Category: % Volume Growth 2019-2024
  • Table 22 Sales of Apparel and Footwear by Category: % Value Growth 2019-2024
  • Table 23 NBO Company Shares of Apparel and Footwear: % Value 2020-2024
  • Table 24 LBN Brand Shares of Apparel and Footwear: % Value 2021-2024
  • Table 25 Distribution of Apparel and Footwear by Format: % Value 2019-2024
  • Table 26 Distribution of Apparel and Footwear by Format and Category: % Value 2024
  • Table 27 Forecast Sales of Apparel and Footwear by Category: Volume 2024-2029
  • Table 28 Forecast Sales of Apparel and Footwear by Category: Value 2024-2029
  • Table 29 Forecast Sales of Apparel and Footwear by Category: % Volume Growth 2024-2029
  • Table 30 Forecast Sales of Apparel and Footwear by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources