Fashion market in Honduras

The Honduran Fashion eCommerce market is predicted to reach US$126.1 million by 2024 and accounts for 21.0% of the total eCommerce market in Honduras. 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 14.1%, resulting in a projected market volume of US$213.5 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 Footwear market in Honduras

The Honduran Footwear eCommerce market is predicted to reach US$34.9 million by 2024 and accounts for 27.7% of the Fashion eCommerce market in Honduras. 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 11.3%, resulting in a projected market volume of US$53.6 million by 2028. The Footwear eCommerce market is a sub-market of the Fashion market. Further categories within the Fashion market are: Apparel, and Bags & Accessories.

eCommerce revenue development in the Footwear market in Honduras

in million US$

eCommerce revenue growth in the Footwear market in Honduras

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 %) 65.6 26.4 19.7 53.0 96.7 19.4 26.9 88.2

Online share

eCommerce online share of the total Footwear market in Honduras

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 Honduran Footwear retail market, the online share is 23.2% and will increase by an average of 2.7% to 25.8% by 2028.

eCommerce online share of the total Footwear market in Honduras

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 37.3% 60.2% 87.3% 80.3% 38.6% 38.8% 84.8% 24.8%

Market definition

Definition of the Footwear market within the Fashion market

Market definition: Fashion > Footwear The category Footwear comprises digital sales of sneakers, sports shoes, sandals, and more. This category does not cover sport-specific footware (e.g. soccer shoes, climbing shoes, bike shoes) and orthopedic footwear. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Sneakers
  • Sports shoes
  • Sandals
  • Boots
  • High heels
  • Slippers

Out-of-scope

  • Sport specific footware (e.g. soccer shoes, climbing shoes, bike shoes)
  • Orthopedic footwear