PROSPECTS AND OPPORTUNITIES
Moderate decline in polishes as changing consumer preferences challenge growth
Polishes is expected to experience a retail sales increase at a current value CAGR of 1% (2024 constant value CAGR of -1%) over the forecast period. This sluggish performance will be driven primarily by the significant reduction in consumer demand for furniture polish.
Shoe polish is set to lead growth despite the rising interest in casual shoes
Shoe polish is set to remain the fastest-growing product range within polishes, continuing to outperform other categories in the sector as it records a retail sales increase at a current value CAGR of 1%, while volume growth remains positive.
Furniture polish is predicted to struggle, recording the most significant retail volume decline
Furniture polish is projected to become the slowest-growing product category within polishes, with a retail volume decline of 3%, marking a stark contrast to its performance during much of the review period. As the category approaches maturity, the market is set to become increasingly saturated, driven by the changing nature of furniture materials that require less maintenance.
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Overview:
Understand the latest market trends and future growth opportunities for the Polishes industry in Bosnia and Herzegovina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Polishes industry in Bosnia and Herzegovina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Polishes in Bosnia and Herzegovina report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Polishes in Bosnia and Herzegovina?
- Which are the leading brands in Polishes in Bosnia and Herzegovina?
- How are products distributed in Polishes in Bosnia and Herzegovina?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 impacted demand? Where have sales increased due to stockpiling amidst national lockdown?
- How have enforced home seclusion and social distancing measures following COVID-19 changed usage patterns for Polishes products?
- Where is future growth expected to be most dynamic?
- How important will sustainability and recycling be in generating future growth?
Polishes in Bosnia and Herzegovina - Category analysis
KEY DATA FINDINGS
Retail value remains positive, while volume growth is challenged by changing consumer preferences
Despite the challenge of changing footwear, shoe polish leads growth in 2024
Limited demand for furniture polish as modern furnishings do not require the product
Moderate decline in polishes as changing consumer preferences challenge growth
Shoe polish is set to lead growth despite the rising interest in casual shoes
Furniture polish is predicted to struggle, recording the most significant retail volume decline
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DISCLAIMER
The following categories and subcategories are included:
Polishes
- Floor Polish
- Furniture Polish
- Metal Polish
- Shoe Polish
Polishes
This is the aggregation of shoe, floor, furniture and metal polish.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Polishes research and analysis database.
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