Fashion market in Serbia

The Serbian Fashion eCommerce market is predicted to reach US$158.6 million by 2024 and accounts for 17.2% of the total eCommerce market in Serbia. 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 1.7%, resulting in a projected market volume of US$169.4 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 Active Footwear market in Serbia

The Serbian Active Footwear eCommerce market is predicted to reach US$20.7 million by 2024 and accounts for 46.1% of the Footwear eCommerce market in Serbia. 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 2.7%, resulting in a projected market volume of US$23.0 million by 2028. The Active Footwear eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Boots, Flat Shoes, High Heels & Pumps, Other Footwear, and Sandals.

eCommerce revenue development in the Active Footwear market in Serbia

in million US$

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 Active Footwear market in Serbia

in %

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

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)15.477.097.869.970.734.396.743.2

Market definition

Definition of the Active Footwear market within the Fashion market

Market definition: Fashion > Footwear > Active Footwear The category Active Footwear includes the online trade of sneakers and non-sport-specific footwear (e.g. running shoes, basketball shoes, tennis shoes). This category does not cover sport-specific footwear (e.g. soccer shoes, climbing shoes, bike shoes). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Sneakers
  • Non-sport-specific footwear (e.g. running shoes, basketball shoes, tennis shoes)

Out-of-scope

  • Sport-specific footwear (e.g. soccer shoes, climbing shoes, bike shoes)

Market comparison

The Serbian Active Footwear market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis