Fashion market in Panama
The Panamanian Fashion eCommerce market is predicted to reach US$247.8 million by 2024 and accounts for 21.1% 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 2024-2028) will be 5.3%, resulting in a projected market volume of US$305.1 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 Other Footwear market in Panama
The Panamanian Other Footwear eCommerce market is predicted to reach US$3.7 million by 2024 and accounts for 5.4% of the Footwear 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 2024-2028) will be 10.5%, resulting in a projected market volume of US$5.5 million by 2028. The Other Footwear eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Active Footwear, Boots, Flat Shoes, High Heels & Pumps, and Sandals.
eCommerce revenue development in the Other Footwear market in Panama
eCommerce revenue growth in the Other Footwear market in Panama
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 93.5 | 10.6 | 35.1 | 58.3 | 65.2 | 37.3 | 52.7 | 93.8 |
Market definition
Definition of the Other Footwear market within the Fashion market
Market definition: Fashion > Footwear > Other Footwear The category Other Footwear includes the online trade of house slippers, mules, work and safety shoes, and more. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- House slippers
- Mules
- Work and safety shoes
- Shoe care products (e.g. shoe polish, impregnating spray)
Market comparison
The Panamanian Other Footwear market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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