Fashion market in Sri Lanka

The Sri Lankan Fashion eCommerce market is predicted to reach US$615.1 million by 2023 and accounts for 22.5% 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 2023-2027) will be 14.4%, resulting in a projected market volume of US$1,055.2 million by 2027. Within the Fashion market ecommerceDB considers the following three sub-markets: Apparel, Bags & Accessories, and Footwear.

Market development

eCommerce revenue development in the Socks (men) market in Sri Lanka

The Sri Lankan Socks (men) eCommerce market is predicted to reach US$4.8 million by 2023 and accounts for 4.6% of the Men's Apparel 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 2023-2027) will be 15.2%, resulting in a projected market volume of US$8.4 million by 2027. The Socks (men) eCommerce market is a sub-market of the Men's Apparel market. Further categories within the Men's Apparel market are: Blazers (men), Coats & Jackets (men), Jerseys, Sweatshirts & Pullovers (men), Night & Underwear (men), Shirts (men), Suits (men), T-Shirts (men), and Trousers (men).

eCommerce revenue development in the Socks (men) market in Sri Lanka

in million US$, in %

Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war

Source: Statista Market Insights, ecommerceDB

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 6.2 30.4 68.9 89.0 24.0 68.5 85.0 58.6
AOV (in US$) 45.1 49.4 12.3 94.8 79.5 79.2 1.4 22.5
CVR (in %) 6.2 30.4 68.9 89.0 24.0 68.5 85.0 58.6
AOV: Average Order Value CVR: Conversion Rate

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