Fashion market in Nigeria
The Nigerian Fashion eCommerce market is predicted to reach US$1,700.0 million by 2023 and accounts for 22.3% of the total eCommerce market in Nigeria. 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 10.7%, resulting in a projected market volume of US$2,554.5 million by 2027. Within the Fashion market ecommerceDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
Market development
eCommerce revenue development in the Suits & Ensembles (children) market in Nigeria
The Nigerian Suits & Ensembles (children) eCommerce market is predicted to reach US$7.7 million by 2023 and accounts for 2.8% of the Children's Apparel eCommerce market in Nigeria. 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 12.8%, resulting in a projected market volume of US$12.4 million by 2027. The Suits & Ensembles (children) eCommerce market is a sub-market of the Children's Apparel market. Further categories within the Children's Apparel market are: Blazers (children), Coats & Jackets (children), Dresses & Skirts (children), Jerseys, Sweatshirts & Pullovers (children), Night & Underwear (children), Shirts & Blouses (children), Socks (children), Sports & Swimwear (children), T-Shirts (children), Tights & Leggings (children), and Trousers (children).
eCommerce revenue development in the Suits & Ensembles (children) market in Nigeria
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 18.6 | 36.3 | 80.6 | 56.6 | 50.0 | 86.9 | 41.8 | 54.9 |
AOV (in US$) | 46.8 | 34.0 | 93.4 | 93.6 | 49.7 | 83.8 | 81.2 | 25.7 |
CVR (in %) | 18.6 | 36.3 | 80.6 | 56.6 | 50.0 | 86.9 | 41.8 | 54.9 |
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