Fashion market in Montenegro
The Montenegrin Fashion eCommerce market is predicted to reach US$17.8 million by 2025 and accounts for 16.4% of the total eCommerce market in Montenegro. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2025-2029) will be -0.3%, resulting in a projected market volume of US$17.5 million by 2029. 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 Montenegro
The Montenegrin Footwear eCommerce market is predicted to reach US$5.0 million by 2025 and accounts for 28.2% of the Fashion eCommerce market in Montenegro. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2025-2029) will be -0.0%, resulting in a projected market volume of US$5.0 million by 2029. The Footwear eCommerce market is a sub-market of the Fashion market. Further categories within the Fashion market are: Apparel, and Bags & Accessories.
eCommerce revenue development in the Footwear market in Montenegro
eCommerce revenue growth in the Footwear market in Montenegro
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 1.4 | 50.3 | 67.6 | 35.3 | 17.6 | 88.8 | 93.5 | 37.4 |
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
Select sub-category
- Headwear *
- Scarves & Shawls *
- Wallets & Purses *
- Other Accessories *
- Other Jewelry & Watches *
- Hip & Fanny Packs *
- Other Luggage & Bags *
* Not available for the selected country