Global Fashion market

The global Fashion eCommerce market is expected to increase over the next years. It is predicted to reach US$988,053.5 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 10.0%. ecommerceDB considers the following three sub-markets within the Fashion market: Apparel, Bags & Accessories, and Footwear. Apparel is the largest sub-market and accounts for 55.5% of the global Fashion market.

Market development

eCommerce revenue development in the global Apparel market

The global Apparel eCommerce market is expected to increase over the next years. It is predicted to reach US$548,076.7 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 10.2%. The Apparel eCommerce market is a sub-market of the Fashion market and accounts for 55.5% within this market. Further categories within the Fashion market are: Bags & Accessories and Footwear.

eCommerce revenue development in the global Apparel market

in million US$, in %

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
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV (in US$) 58.7 97.4 29.4 33.1 17.1 88.0 68.1 53.1
CVR (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV: Average Order Value CVR: Conversion Rate

Top stores

Top five Apparel online stores worldwide by net sales 2021

With sales in the global Apparel market, jd.com generated a revenue of US$9,526.5 million in 2021, which means it is the leading online store in this market. In second place is shein.com with a revenue of US$7,473.2 million, followed by vip.com with a revenue of US$6,024.4 million. Altogether, the top three online stores account for a market share of about 18.2% within the top 100 stores of the given market. The global Apparel ranking is based on all online stores that generated sales in this market in 2021. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The ranking shows a filtered revenue. It only includes sales within the market Apparel.

eCommerce net sales generated in the Apparel market in 2021

in million US$

Note: First party net sales generated after deduction of returns, allowances for damaged or missing goods and any discounts allowed

Source: Annual report, secondary sources, ecommerceDB analysis

no-access-0 no-access-1 no-access-2 no-access-3 no-access-4
Filtered revenue (in mUS$) 900.0 550.0 470.0 430.0 370.0
Share of global revenue (in %) 20.7 12.0 3.9 20.6 20.7
Global revenue (in mUS$) 8,300.0 4,600.0 1,190.0 2,122.0 1,814.0
Growth global revenue (in %) 8.3 12.4 33.6 18.0 12.6

Market definition

Definition of the Apparel market within the Fashion market

Market definition: Fashion > Apparel The category Apparel comprises the digital sale of almost all types of clothing items that are produced for private end customers. It is broken down into the following sub-sub-segments: Women’s Apparel, Men’s Apparel, and Children’s Apparel. Other Apparel includes, among others, skorts, outerwear, and clothing accessories such as bandanas, handkerchiefs, and tie clips. Work clothes, toddler and baby clothes, outdoor clothing, as well as other personal accessories, such as watches and jewelry, handbags, or similar items that do not count as actual articles of clothing, are not included in this sub-segment. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Women's apparel
  • Men's apparel
  • Children's apparel

Out-of-scope

  • Work clothes
  • Handbags
  • Watches and jewelry
  • Ski suits
  • Umbrellas