Fashion market in Armenia
The Armenian Fashion eCommerce market is predicted to reach US$4.1 million by 2024 and accounts for 17.3% of the total eCommerce market in Armenia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 1.6%, resulting in a projected market volume of US$4.3 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
Market development
eCommerce revenue development in the Footwear market in Armenia
The Armenian Footwear eCommerce market is predicted to reach US$1.1 million by 2024 and accounts for 27.3% of the Fashion eCommerce market in Armenia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 0.6%, resulting in a projected market volume of US$1.1 million by 2028. The Footwear eCommerce market is a sub-market of the Fashion market. Further categories within the Fashion market are: Apparel, and Bags & Accessories.
eCommerce revenue development in the Footwear market in Armenia
eCommerce revenue growth in the Footwear market in Armenia
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 68.7 | 19.8 | 9.5 | 39.3 | 26.9 | 97.0 | 83.5 | 50.5 | ||||
as of Fashion (in %) | 14.9 | 14.5 | 12.4 | 13.4 | 12.1 | 14.6 | 14.5 | 14.5 | 14.9 | 15.3 | 15.9 | 16.2 |
Market definition
Definition of the Footwear market within the Fashion market
Market definition: Fashion > Footwear The category Footwear comprises digital sales of sneakers, sports shoes, sandals, and more. This category does not cover sport-specific footware (e.g. soccer shoes, climbing shoes, bike shoes) and orthopedic footwear. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Sneakers
- Sports shoes
- Sandals
- Boots
- High heels
- Slippers
Out-of-scope
- Sport specific footware (e.g. soccer shoes, climbing shoes, bike shoes)
- Orthopedic footwear
Market comparison
The Armenian Footwear market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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- Socks *
- Suits & Trouser Suits *
- Sweaters *
- Workwear *
- Other Apparel *
- Fashion Accessories *
- Belts *
- Headwear *
- Scarves & Shawls *
- Sunglasses *
- Wallets & Purses *
- Other Accessories *
- Watches *
- Other Jewelry & Watches *
- Backpacks & Daypacks *
- Handbags *
- Hip & Fanny Packs *
- Suitcases *
- Other Luggage & Bags *
- Flat Shoes *
- High Heels & Pumps *
- Other Footwear *
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