Fashion market in Spain

The Spanish Fashion eCommerce market is predicted to reach US$8,193.1 million by 2024 and accounts for 18.0% of the total eCommerce market in Spain. 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 6.9%, resulting in a projected market volume of US$10,682.0 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.

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 Spanish Fashion retail market, the online share is 23.6% and will increase by an average of 7.4% to 31.4% by 2028.

With sales in the Spanish Fashion market, shein.com generated a revenue of US$1,343.0 million in 2023, which means it is the leading online store in this market. The Fashion ranking of Spain 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.

With 97.0% VISA the most commonly offered payment method of all online stores in the Spanish Fashion eCommerce market in 2023. Like VISA Mastercard with a share of 97.0% and American Express with a share of 55.4% the payment type Cards is the most common used by online retailers in in the Spanish Fashion eCommerce market in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 90.5% and Bank transfer/cash in advance (Bank transfer) with 26.2% of stores offering that payment method to the clients.

Despite Correos's dominant position with 25.8% of online stores opting for its services, the Spanish Fashion eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including DHL, MRW, SEUR, and UPS (United Parcel Service), hold smaller but significant shares, contributing to a dynamic and fragmented market.

Although Salesforce Commerce Cloud holds a commanding lead with 18.8% of online stores using the shop software solution, the Spanish Fashion eCommerce market in 2023 remains vibrant and competitive. This is due to the presence of several other shop software solutions, including PrestaShop, Shopify, Magento, and WooCommerce, which collectively hold a significant share of the market.