| Product Code: ETC4801971 | Publication Date: Nov 2023 | Updated Date: Sep 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Bhutan Handicrafts Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 1.37% in 2025, climbs to a high of 2.77% in 2028, and moderates to 2.24% by 2029.

By 2027, the Handicrafts market in Bhutan is anticipated to reach a growth rate of 2.51%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bhutan Handicrafts Market Overview |
3.1 Bhutan Country Macro Economic Indicators |
3.2 Bhutan Handicrafts Market Revenues & Volume, 2021 & 2031F |
3.3 Bhutan Handicrafts Market - Industry Life Cycle |
3.4 Bhutan Handicrafts Market - Porter's Five Forces |
3.5 Bhutan Handicrafts Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Bhutan Handicrafts Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Bhutan Handicrafts Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Bhutan Handicrafts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increase in tourism in Bhutan, leading to higher demand for authentic handicrafts as souvenirs |
4.2.2 Growing awareness and appreciation for handmade and sustainable products |
4.2.3 Government initiatives to promote Bhutanese handicrafts as part of cultural preservation efforts |
4.3 Market Restraints |
4.3.1 Limited access to international markets due to geographical constraints and trade barriers |
4.3.2 Dependence on traditional production techniques, limiting scalability and efficiency |
4.3.3 Competition from mass-produced, cheaper alternatives in the global market |
5 Bhutan Handicrafts Market Trends |
6 Bhutan Handicrafts Market Segmentations |
6.1 Bhutan Handicrafts Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bhutan Handicrafts Market Revenues & Volume, By Woodware, 2021-2031F |
6.1.3 Bhutan Handicrafts Market Revenues & Volume, By Art metal Ware, 2021-2031F |
6.1.4 Bhutan Handicrafts Market Revenues & Volume, By Hand printed Textiles and Scarves, 2021-2031F |
6.1.5 Bhutan Handicrafts Market Revenues & Volume, By Embroidered and Crocheted Goods, 2021-2031F |
6.1.6 Bhutan Handicrafts Market Revenues & Volume, By Zari and Zari Goods, 2021-2031F |
6.1.7 Bhutan Handicrafts Market Revenues & Volume, By Imitation Jewellery, 2021-2031F |
6.1.9 Bhutan Handicrafts Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Bhutan Handicrafts Market Revenues & Volume, By Others, 2021-2031F |
6.2 Bhutan Handicrafts Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Bhutan Handicrafts Market Revenues & Volume, By Mass Retailers, 2021-2031F |
6.2.3 Bhutan Handicrafts Market Revenues & Volume, By Departmental Stores, 2021-2031F |
6.2.4 Bhutan Handicrafts Market Revenues & Volume, By Independent Retailers, 2021-2031F |
6.2.5 Bhutan Handicrafts Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.6 Bhutan Handicrafts Market Revenues & Volume, By Online Stores, 2021-2031F |
6.2.7 Bhutan Handicrafts Market Revenues & Volume, By Others, 2021-2031F |
6.3 Bhutan Handicrafts Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Bhutan Handicrafts Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Bhutan Handicrafts Market Revenues & Volume, By Commercial, 2021-2031F |
7 Bhutan Handicrafts Market Import-Export Trade Statistics |
7.1 Bhutan Handicrafts Market Export to Major Countries |
7.2 Bhutan Handicrafts Market Imports from Major Countries |
8 Bhutan Handicrafts Market Key Performance Indicators |
8.1 Number of tourists purchasing Bhutanese handicrafts |
8.2 Percentage increase in online sales of Bhutanese handicrafts |
8.3 Number of partnerships with international retailers to showcase Bhutanese handicrafts |
9 Bhutan Handicrafts Market - Opportunity Assessment |
9.1 Bhutan Handicrafts Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Bhutan Handicrafts Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Bhutan Handicrafts Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Bhutan Handicrafts Market - Competitive Landscape |
10.1 Bhutan Handicrafts Market Revenue Share, By Companies, 2024 |
10.2 Bhutan Handicrafts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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