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 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 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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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.
Polishes
This is the aggregation of shoe, floor, furniture and metal polish.
See all of our definitionsThis report originates from Passport, our Polishes research and analysis database.
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