Fashion market in Guinea

The Guinean Fashion eCommerce market is predicted to reach US$23.5 million by 2024 and accounts for 20.0% of the total eCommerce market in Guinea. 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 12.2%, resulting in a projected market volume of US$37.2 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 Fashion market in Guinea

The Guinean Fashion eCommerce market is predicted to reach US$23.5 million by 2024 and accounts for 20.0% of the total eCommerce market in Guinea. 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 12.2%, resulting in a projected market volume of US$37.2 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 Guinea

in million US$

eCommerce revenue growth in the Fashion market in Guinea

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 %) 28.1 77.6 65.7 72.4 32.5 52.6 84.8 48.1

Online share

eCommerce online share of the total Fashion market in Guinea

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 Guinean Fashion retail market, the online share is 9.7% and will increase by an average of 9.3% to 13.8% by 2028.

eCommerce online share of the total Fashion market in Guinea

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 63.4% 5.5% 77.1% 43.3% 29.9% 92.8% 46.7% 15.3%

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)

Select sub-category

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