Fashion market in Azerbaijan

The Azerbaijani Fashion eCommerce market is predicted to reach US$13.7 million by 2024 and accounts for 17.4% of the total eCommerce market in Azerbaijan. 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 1.5%, resulting in a projected market volume of US$14.5 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 Flat Shoes market in Azerbaijan

The Azerbaijani Flat Shoes eCommerce market is predicted to reach US$0.3 million by 2024 and accounts for 9.0% of the Footwear eCommerce market in Azerbaijan. 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 3.5%, resulting in a projected market volume of US$0.4 million by 2028. The Flat Shoes eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Active Footwear, Boots, High Heels & Pumps, Other Footwear, and Sandals.

eCommerce revenue development in the Flat Shoes market in Azerbaijan

in million US$

eCommerce revenue growth in the Flat Shoes market in Azerbaijan

in %

Net eCommerce revenue split by sub-category

in %
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 %) 98.4 32.3 54.5 39.6 99.3 45.3 83.0 73.8

Online share

eCommerce online share of the total Flat Shoes market in Azerbaijan

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Azerbaijani Flat Shoes retail market, the online share is 38.4% and will increase by an average of 5.0% to 46.7% by 2028.

eCommerce online share of the total Flat Shoes market in Azerbaijan

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 29.1% 88.7% 26.3% 11.3% 89.0% 91.1% 18.9% 89.6%

Market definition

Definition of the Flat Shoes market within the Fashion market

Market definition: Fashion > Footwear > Flat Shoes The category Flat Shoes includes the online trade of ballerina flats, loafers, oxfords, and more. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Ballerina flats
  • Loafers
  • Oxfords
  • Clarks