Fashion market in Panama
The Panamanian Fashion eCommerce market is predicted to reach US$441.8 million by 2023 and accounts for 26.7% of the total eCommerce market in Panama. 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 13.9%, resulting in a projected market volume of US$744.1 million by 2027. Within the Fashion market ecommerceDB considers the following three sub-markets: Apparel, Bags & Accessories, and Footwear.
Market development
eCommerce revenue development in the Clothing Accessories & Other Clothes (men) market in Panama
The Panamanian Clothing Accessories & Other Clothes (men) eCommerce market is predicted to reach US$5.7 million by 2023 and accounts for 5.5% of the Bags & Accessories eCommerce market in Panama. 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 16.0%, resulting in a projected market volume of US$10.3 million by 2027. The Clothing Accessories & Other Clothes (men) eCommerce market is a sub-market of the Bags & Accessories market. Further categories within the Bags & Accessories market are: Clothing Accessories & Other Clothes (children), Clothing Accessories & Other Clothes (women), Eyewear, Luggage & Bags, Luxury Leather Goods, Other Accessories, and Watches & Jewelry.
eCommerce revenue development in the Clothing Accessories & Other Clothes (men) market in Panama
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
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Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 5.6 | 72.8 | 96.3 | 26.0 | 66.9 | 42.2 | 93.0 | 84.9 |
AOV (in US$) | 13.4 | 69.0 | 55.0 | 94.7 | 47.7 | 11.5 | 69.9 | 6.1 |
CVR (in %) | 5.6 | 72.8 | 96.3 | 26.0 | 66.9 | 42.2 | 93.0 | 84.9 |
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- Socks (children) *
- Suits & Ensembles (children) *
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- Suits & Ensembles (women) *
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- Luxury Eyewear *
- Luxury Leather Goods *
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