Fashion market in Madagascar
The Madagascan Fashion eCommerce market is predicted to reach US$25.8 million by 2023 and accounts for 15.2% of the total eCommerce market in Madagascar. 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 11.2%, resulting in a projected market volume of US$39.5 million by 2027. Within the Fashion market ecommerceDB considers the following three sub-markets: Footwear, Bags & Accessories, and Apparel.
Market development
eCommerce revenue development in the Leather Footwear market in Madagascar
The Madagascan Leather Footwear eCommerce market is predicted to reach US$4.3 million by 2023 and accounts for 34.6% of the Footwear eCommerce market in Madagascar. 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 10.8%, resulting in a projected market volume of US$6.5 million by 2027. The Leather Footwear eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Luxury Footwear, Other Footwear, Sneakers, and Textile & Other Footwear.
eCommerce revenue development in the Leather Footwear market in Madagascar
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 80.9 | 87.3 | 32.0 | 32.4 | 73.6 | 37.7 | 0.1 | 75.1 |
| AOV (in US$) | 71.5 | 30.2 | 45.2 | 66.8 | 82.9 | 13.8 | 23.1 | 31.7 |
| CVR (in %) | 80.9 | 87.3 | 32.0 | 32.4 | 73.6 | 37.7 | 0.1 | 75.1 |
Select sub-market
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- Children's Apparel *
- Blazers (children) *
- Coats & Jackets (children) *
- Dresses & Skirts (children) *
- Jerseys, Sweatshirts & Pullovers (children) *
- Night & Underwear (children) *
- Shirts & Blouses (children) *
- Socks (children) *
- Sports & Swimwear (children) *
- Suits & Ensembles (children) *
- T-Shirts (children) *
- Tights & Leggings (children) *
- Trousers (children) *
- Luxury Apparel *
- Men's Apparel *
- Blazers (men) *
- Coats & Jackets (men) *
- Jerseys, Sweatshirts & Pullovers (men) *
- Night & Underwear (men) *
- Shirts (men) *
- Socks (men) *
- Suits (men) *
- T-Shirts (men) *
- Trousers (men) *
- Other Apparel *
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- Blazers (women) *
- Coats & Jackets (women) *
- Dresses & Skirts (women) *
- Jerseys, Sweatshirts & Pullovers (women) *
- Night & Underwear (women) *
- Shirts & Blouses (women) *
- Socks (women) *
- Suits & Ensembles (women) *
- T-Shirts (women) *
- Tights & Leggings (women) *
- Trousers (women) *
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- Clothing Accessories & Other Clothes (children) *
- Clothing Accessories & Other Clothes (men) *
- Clothing Accessories & Other Clothes (women) *
- Eyewear *
- Eyewear Frames *
- Luxury Eyewear *
- Sunglasses *
- Luxury Leather Goods *
- Other Accessories *
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- Jewelry *
- Luxury Jewelry *
- Luxury Watches *
- Watches *
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- Luxury Footwear *
- Other Footwear *
- Sneakers *
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