Fashion market in Nicaragua

The Nicaraguan Fashion eCommerce market is predicted to reach US$51.6 million by 2024 and accounts for 21.1% 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 2024-2028) will be 8.5%, resulting in a projected market volume of US$71.7 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.

Market development

eCommerce revenue development in the Luggage & Bags market in Nicaragua

The Nicaraguan Luggage & Bags eCommerce market is predicted to reach US$3.0 million by 2024 and accounts for 33.8% of the Bags & Accessories 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 2024-2028) will be 8.7%, resulting in a projected market volume of US$4.2 million by 2028. The Luggage & Bags eCommerce market is a sub-market of the Bags & Accessories market. Further categories within the Bags & Accessories market are: Fashion Accessories, and Jewelry & Watches.

eCommerce revenue development in the Luggage & Bags market in Nicaragua

in million US$

eCommerce revenue growth in the Luggage & Bags market in Nicaragua

in %

Net eCommerce revenue split by sub-category

in %
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 %) 21.8 62.0 89.9 78.0 97.8 67.0 63.6 3.6

Online share

eCommerce online share of the total Luggage & Bags market in Nicaragua

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Nicaraguan Luggage & Bags retail market, the online share is 38.5% and will increase by an average of 6.0% to 48.6% by 2028.

eCommerce online share of the total Luggage & Bags market in Nicaragua

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 75.3% 20.1% 99.2% 7.7% 34.3% 47.2% 29.8% 54.7%

Market definition

Definition of the Luggage & Bags market within the Fashion market

Market definition: Fashion > Bags & Accessories > Luggage & Bags The category Luggage & Bags includes the online trade of suitcases, backpacks and daypacks, hip and fanny packs, and more. This category does not cover wallets and purses and protective cases and covers for electronic devices (e.g. smartphone cases and covers). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Suitcases
  • Backpacks and daypacks
  • Hip and fanny packs
  • Handbags

Out-of-scope

  • Wallets and purses
  • Protective cases and covers for electronic devices (e.g. smartphone cases and covers)