Fashion market in Nicaragua
The Nicaraguan Fashion eCommerce market is predicted to reach US$152.9 million by 2023 and accounts for 20.8% of the total eCommerce market in Nicaragua. 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 2.2%, resulting in a projected market volume of US$167.1 million by 2027. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.
Market development
eCommerce revenue development in the High Heels & Pumps market in Nicaragua
The Nicaraguan High Heels & Pumps eCommerce market is predicted to reach US$3.0 million by 2023 and accounts for 8.3% of the Footwear eCommerce market in Nicaragua. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be -4.3%, resulting in a projected market volume of US$2.5 million by 2027. The High Heels & Pumps eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Active Footwear, Boots, Flat Shoes, Other Footwear, and Sandals.
eCommerce revenue development in the High Heels & Pumps market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the High Heels & Pumps market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 55.0 | 89.0 | 1.4 | 79.6 | 75.1 | 96.6 | 1.7 | 93.1 |
| AOV (in US$) | 33.7 | 57.5 | 79.9 | 32.8 | 40.8 | 12.5 | 21.1 | 73.4 |
| CVR (in %) | 55.0 | 89.0 | 1.4 | 79.6 | 75.1 | 96.6 | 1.7 | 93.1 |
Market definition
Definition of the High Heels & Pumps market within the Fashion market
Market definition: Fashion > Footwear > High Heels & Pumps The category High Heels & Pumps includes the online trade of high heels (e.g. stilettos, platform heels, peep-toe heels), pumps and wedges. This category does not cover sandals with heels and boots with heels. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- High heels (e.g. stilettos, platform heels, peep-toe heels)
- Pumps
- Wedges
Out-of-scope
- Sandals with heels
- Boots with heels
Select sub-category