Fashion market in Sri Lanka
The Sri Lankan Fashion eCommerce market is predicted to reach US$456.4 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$484.4 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 Sri Lanka
The Sri Lankan Footwear eCommerce market is predicted to reach US$114.9 million by 2024 and accounts for 25.2% of the Fashion 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 0.6%, resulting in a projected market volume of US$117.7 million by 2028. The Footwear eCommerce market is a sub-market of the Fashion market. Further categories within the Fashion market are: Apparel, and Bags & Accessories.
eCommerce revenue development in the Footwear market in Sri Lanka
eCommerce revenue growth in the Footwear market in Sri Lanka
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 14.9 | 79.7 | 94.4 | 84.1 | 57.7 | 80.9 | 68.0 | 25.4 | ||||
as of Fashion (in %) | 2.4 | 2.8 | 2.3 | 2.5 | 3.1 | 3.8 | 4.1 | 4.4 | 5.1 | 5.8 | 6.5 | 7.1 |
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
Market comparison
The Sri Lankan Footwear market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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