Fashion market in Sri Lanka

The Sri Lankan Fashion eCommerce market is predicted to reach US$462.6 million by 2024 and accounts for 18.9% of the total eCommerce market in Sri Lanka. 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$491.1 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 Flat Shoes market in Sri Lanka

The Sri Lankan Flat Shoes eCommerce market is predicted to reach US$8.1 million by 2024 and accounts for 7.0% of the Footwear eCommerce market in Sri Lanka. 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 1.1%, resulting in a projected market volume of US$8.5 million by 2028. The Flat Shoes eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Active Footwear, Boots, High Heels & Pumps, Other Footwear, and Sandals.

eCommerce revenue development in the Flat Shoes market in Sri Lanka

in million US$

eCommerce revenue growth in the Flat Shoes market in Sri Lanka

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)91.554.975.066.77.074.768.748.3

Online share

eCommerce online share of the total Flat Shoes market in Sri Lanka

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 Sri Lankan Flat Shoes retail market, the online share is 10.8% and will increase by an average of 3.4% to 12.3% by 2028.

eCommerce online share of the total Flat Shoes market in Sri Lanka

in %
20202021202220232024202520262027
Online share (in %)84.7%75.1%65.9%78.0%30.2%32.9%59.4%49.1%

Market definition

Definition of the Flat Shoes market within the Fashion market

Market definition: Fashion > Footwear > Flat Shoes The category Flat Shoes includes the online trade of ballerina flats, loafers, oxfords, and more. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Ballerina flats
  • Loafers
  • Oxfords
  • Clarks