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 Jewelry market in Armenia
The Armenian Jewelry eCommerce market is predicted to reach US$0.2 million by 2024 and accounts for 75.3% of the Jewelry & Watches 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 3.7%, resulting in a projected market volume of US$0.2 million by 2028. The Jewelry eCommerce market is a sub-market of the Jewelry & Watches market. Further categories within the Jewelry & Watches market are: Other Jewelry & Watches, and Watches.
eCommerce revenue development in the Jewelry market in Armenia
eCommerce revenue growth in the Jewelry market in Armenia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 71.9 | 62.8 | 6.4 | 5.2 | 8.5 | 67.8 | 90.5 | 81.9 |
Market definition
Definition of the Jewelry market within the Fashion market
Market definition: Fashion > Bags & Accessories > Jewelry & Watches > Jewelry The category Jewelry includes the online trade of jewelry (e.g earrings, rings, necklaces, bracelets, bangles, anklets, belly chains, piercings). This category does not cover watches. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Jewelry (e.g earrings, rings, necklaces, bracelets, bangles, anklets, belly chains, piercings)
Out-of-scope
- Watches
Market comparison
The Armenian Jewelry market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category
- 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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