Fashion market in Singapore

Market development

eCommerce revenue development in the Belts market in Singapore

The Singapore Belts eCommerce market is predicted to reach US$23.9 million by 2024 and accounts for 18.2% of the Fashion Accessories eCommerce market in Singapore. 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$35.6 million by 2028. The Belts eCommerce market is a sub-market of the Fashion Accessories market. Further categories within the Fashion Accessories market are: Headwear, Other Accessories, Scarves & Shawls, Sunglasses, and Wallets & Purses.

eCommerce revenue development in the Belts market in Singapore

in million US$

eCommerce revenue growth in the Belts market in Singapore

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)32.281.176.899.640.560.792.67.7

Online share

eCommerce online share of the total Belts market in Singapore

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 Singapore Belts retail market, the online share is 20.7% and will increase by an average of 8.7% to 28.9% by 2028.

eCommerce online share of the total Belts market in Singapore

in %
20202021202220232024202520262027
Online share (in %)69.3%4.4%33.2%36.3%87.5%62.9%75.0%35.1%

Market definition

Definition of the Belts market within the Fashion market

Market definition: Fashion > Bags & Accessories > Fashion Accessories > Belts The category Belts includes the online trade of belts (e.g. leather belts, chain belts, western belts). This category does not cover tool belts. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Belts (e.g. leather belts, chain belts, western belts)

Out-of-scope

  • Tool belts