Summary
Apparel Retail in Nigeria industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing. All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g. VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
- The Nigerian apparel retail market had total revenues of $4.8bn in 2020, representing a compound annual growth rate (CAGR) of 0.9% between 2016 and 2020.
- The childrenswear segment was the market’s most lucrative in 2020, with total revenues of $2.4bn, equivalent to 50.5% of the market’s overall value.
- Fast fashion has proven to be a lucrative sector in the market, with the young adult population in Nigeria showing a desire for fashionable yet inexpensive products.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the apparel retail market in Nigeria
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in Nigeria
- Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Nigeria apparel retail market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Nigeria apparel retail market by value in 2020?
- What will be the size of the Nigeria apparel retail market in 2025?
- What factors are affecting the strength of competition in the Nigeria apparel retail market?
- How has the market performed over the last five years?
- Who are the top competitiors in Nigeria's apparel retail market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of leading players?
7.3. Have any players exited the market this year?
7.4. Are there any opportunities for leading players?
7.5. 25
8 Company Profiles
8.1. Pick n Pay Stores Ltd
8.2. Pepkor Retail Ltd
8.3. Konga Online Shopping Limited
8.4. Jumia.
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Nigeria apparel retail industry value: $ million, 2016-20
Table 2: Nigeria apparel retail industry category segmentation: $ million, 2020
Table 3: Nigeria apparel retail industry geography segmentation: $ million, 2020
Table 4: Nigeria apparel retail industry distribution: % share, by value, 2020
Table 5: Nigeria apparel retail industry value forecast: $ million, 2020-25
Table 6: Pick n Pay Stores Ltd: key facts
Table 7: Pick n Pay Stores Ltd: Annual Financial Ratios
Table 8: Pick n Pay Stores Ltd: Key Employees
Table 9: Pepkor Retail Ltd: key facts
Table 10: Pepkor Retail Ltd: Key Employees
Table 11: Konga Online Shopping Limited: key facts
Table 12: Konga Online Shopping Limited: Key Employees
Table 13: Jumia.: key facts
Table 14: Jumia.: Key Employees
Table 15: Nigeria size of population (million), 2016-20
Table 16: Nigeria gdp (constant 2005 prices, $ billion), 2016-20
Table 17: Nigeria gdp (current prices, $ billion), 2016-20
Table 18: Nigeria inflation, 2016-20
Table 19: Nigeria consumer price index (absolute), 2016-20
Table 20: Nigeria exchange rate, 2016-20
List of Figures
Figure 1: Nigeria apparel retail industry value: $ million, 2016-20
Figure 2: Nigeria apparel retail industry category segmentation: % share, by value, 2020
Figure 3: Nigeria apparel retail industry geography segmentation: % share, by value, 2020
Figure 4: Nigeria apparel retail industry distribution: % share, by value, 2020
Figure 5: Nigeria apparel retail industry value forecast: $ million, 2020-25
Figure 6: Forces driving competition in the apparel retail industry in Nigeria, 2020
Figure 7: Drivers of buyer power in the apparel retail industry in Nigeria, 2020
Figure 8: Drivers of supplier power in the apparel retail industry in Nigeria, 2020
Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in Nigeria, 2020
Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in Nigeria, 2020
Figure 11: Drivers of degree of rivalry in the apparel retail industry in Nigeria, 2020
