Fashion market in Bangladesh
The Bangladeshi Fashion eCommerce market is predicted to reach US$1,200.1 million by 2024 and accounts for 19.5% of the total eCommerce market in Bangladesh. 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 18.4%, resulting in a projected market volume of US$2,357.0 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 Footwear market in Bangladesh
The Bangladeshi Footwear eCommerce market is predicted to reach US$313.3 million by 2024 and accounts for 26.1% of the Fashion eCommerce market in Bangladesh. 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 18.9%, resulting in a projected market volume of US$625.1 million by 2028. The Footwear eCommerce market is a sub-market of the Fashion market. Further categories within the Fashion market are: Apparel, and Bags & Accessories.
eCommerce revenue development in the Footwear market in Bangladesh
eCommerce revenue growth in the Footwear market in Bangladesh
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 84.3 | 61.7 | 42.8 | 9.1 | 69.9 | 10.2 | 66.8 | 94.9 | ||||
as of Fashion (in %) | 2.7 | 3.1 | 2.6 | 3.2 | 3.5 | 4.2 | 4.6 | 5.0 | 5.4 | 5.9 | 6.4 | 7.0 |
Market definition
Definition of the Footwear market within the Fashion market
Market definition: Fashion > Footwear The category Footwear comprises digital sales of sneakers, sports shoes, sandals, and more. This category does not cover sport-specific footware (e.g. soccer shoes, climbing shoes, bike shoes) and orthopedic footwear. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Sneakers
- Sports shoes
- Sandals
- Boots
- High heels
- Slippers
Out-of-scope
- Sport specific footware (e.g. soccer shoes, climbing shoes, bike shoes)
- Orthopedic footwear
Market comparison
The Bangladeshi Footwear market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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