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 Jewelry market in Azerbaijan

The Azerbaijani Jewelry eCommerce market is predicted to reach US$0.6 million by 2024 and accounts for 75.2% of the Jewelry & Watches 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$0.7 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 Azerbaijan

in million US$

eCommerce revenue growth in the Jewelry market in Azerbaijan

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)0.41.096.593.732.497.05.566.1

Online share

eCommerce online share of the total Jewelry 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 Jewelry retail market, the online share is 43.6% and will increase by an average of 3.4% to 49.9% by 2028.

eCommerce online share of the total Jewelry market in Azerbaijan

in %
20202021202220232024202520262027
Online share (in %)61.3%15.1%49.0%62.3%19.7%39.5%42.2%89.1%

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