Fashion market in Greater China
The Chinese Fashion eCommerce market is predicted to reach US$710,956.3 million by 2024 and accounts for 35.1% of the total eCommerce market in Greater China. 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 10.3%, resulting in a projected market volume of US$1,052,401.4 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
Monthly revenues
Monthly eCommerce revenues in the Chinese Fashion market
The monthly eCommerce revenue of the Chinese Fashion market was US$77,446 million in October 2024. This refers to a growth of 27.2% compared to September 2024. Within the last 12 months, the monthly revenue share was the highest in October 2024 with 10.9% of the total 2024 revenue of the Chinese Fashion market and the lowest in August 2024 with 6.9% of the total 2024 revenue.
Revenue Last Month
US$77,446.0m
The eCommerce revenue grew by 27.2% from September 2024 to October 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Monthly revenue share (in %) | 62.0 | 56.7 | 90.4 | 13.3 | 73.4 | 35.2 | 83.5 | 77.1 | 48.6 | 57.1 | 35.2 | 8.6 |
Market development
eCommerce revenue development in the Fashion market in Greater China
The Chinese Fashion eCommerce market is predicted to reach US$710,956.3 million by 2024 and accounts for 35.1% of the total eCommerce market in Greater China. 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 10.3%, resulting in a projected market volume of US$1,052,401.4 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
eCommerce revenue development in the Fashion market in Greater China
eCommerce revenue growth in the Fashion market in Greater China
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 91.2 | 70.3 | 33.8 | 13.3 | 79.4 | 49.6 | 42.6 | 92.0 |
Top stores
Top five Fashion online stores in Greater China by net sales 2023
With sales in the Chinese Fashion market, jd.com generated a revenue of US$31,118.8 million in 2023, which means it is the leading online store in this market. The Fashion ranking of Greater China is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.
eCommerce net sales generated in the Fashion market in Greater China in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Chinese Fashion market
With 77.5% Ali Pay the most commonly offered payment method of all online stores in the Chinese Fashion eCommerce market in 2023. Like Ali Pay WeChat with a share of 66.7% and Union Pay with a share of 33.3% the payment type E-wallets is the most common used by online retailers in in the Chinese Fashion eCommerce market in 2023. Other commonly used payment methods in that market are VISA (Cards) with 30.4% and Mastercard (Cards) with 30.4% of stores offering that payment method to the clients.
Top 5 offered payment methods in the Chinese Fashion market
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Shipping Service Provider
Top 5 offered shipping providers in the Chinese Fashion market
Despite SF Express's dominant position with 73.3% of online stores opting for its services, the Chinese Fashion eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including EMS, FedEx, Kerry Logistics, and ZTO Express, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Chinese Fashion market
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Market definition
Definition of the Fashion market
Market definition: Fashion The category Fashion encompasses the commercial (B2C) sale of apparel (e.g. jackets, t-shirts, joggers, underwear), footwear (e.g. sneakers, boots, sandals), bags (e.g. handbags, backpacks, suitcases), and accessories (e.g. hats, sunglasses, jewelry, watches) via digital channels. Sport-specific equipment (e.g. climbing shoes, goalkeeper gloves, wetsuits), eye care (e.g. glasses and sunglasses with prescriptions) or beauty care (e.g. make-up, fragrances) are not included in this segment. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Apparel (e.g. jackets, t-shirts, joggers, underwear)
- Footwear (e.g. sneakers, boots, sandals)
- Bags (e.g. handbags, backpacks, suitcases)
- Accessories (e.g. hats, sunglasses, jewelry, watches)
Out-of-scope
- Sport-specific equipment (e.g. climbing shoes, goalkeeper gloves, wetsuits)
- Eye care (e.g. glasses and sunglasses with prescriptions)
- Beauty care (e.g. make-up, fragrances)
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