Fashion market in Suriname

The Surinamese Fashion eCommerce market is predicted to reach US$16.2 million by 2024 and accounts for 21.0% of the total eCommerce market in Suriname. 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$24.2 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 Suits & Trouser Suits market in Suriname

The Surinamese Suits & Trouser Suits eCommerce market is predicted to reach US$0.4 million by 2024 and accounts for 4.5% of the Apparel eCommerce market in Suriname. 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 13.3%, resulting in a projected market volume of US$0.7 million by 2028. The Suits & Trouser Suits eCommerce market is a sub-market of the Apparel market. Further categories within the Apparel market are: Dresses & Skirts, Jackets, Coats & Anoraks, Other Apparel, Pants, Socks, Sweaters, T-Shirts, Shirts & Blouses, Underwear & Nightwear, and Workwear.

eCommerce revenue development in the Suits & Trouser Suits market in Suriname

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 Suits & Trouser Suits market in Suriname

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 %)14.632.871.44.254.141.193.747.4

Market definition

Definition of the Suits & Trouser Suits market within the Fashion market

Market definition: Fashion > Apparel > Suits & Trouser Suits The category Suits & Trouser Suits includes the online trade of suits, tuxedos and trouser suits. This category does not cover ties, pocket squares or cufflinks. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Suits
  • Tuxedos
  • Trouser suits

Out-of-scope

  • Ties
  • Pocket squares
  • Cufflinks
  • Belts

Market comparison

The Surinamese Suits & Trouser Suits market in a global comparison

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

in %

Source: ECDB analysis

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