Fashion market in Luxembourg

The Luxembourg Fashion eCommerce market is predicted to reach US$502.9 million by 2023 and accounts for 38.0% of the total eCommerce market in Luxembourg. 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 9.6%, resulting in a projected market volume of US$725.9 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 Luggage & Bags market in Luxembourg

The Luxembourg Luggage & Bags eCommerce market is predicted to reach US$18.0 million by 2023 and accounts for 20.1% of the Bags & Accessories eCommerce market in Luxembourg. 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 8.6%, resulting in a projected market volume of US$25.1 million by 2027. The Luggage & Bags eCommerce market is a sub-market of the Bags & Accessories market. Further categories within the Bags & Accessories market are: Clothing Accessories & Other Clothes (children), Clothing Accessories & Other Clothes (men), Clothing Accessories & Other Clothes (women), Eyewear, Luxury Leather Goods, Other Accessories, and Watches & Jewelry.

eCommerce revenue development in the Luggage & Bags market in Luxembourg

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$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 25.7 43.4 9.3 16.5 0.3 6.8 41.5 95.6
AOV (in US$) 17.8 30.3 17.8 90.3 59.3 11.0 89.8 23.7
CVR (in %) 25.7 43.4 9.3 16.5 0.3 6.8 41.5 95.6
AOV: Average Order Value CVR: Conversion Rate

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