Fashion market in Georgia
The Georgian Fashion eCommerce market is predicted to reach US$22.5 million by 2024 and accounts for 17.7% of the total eCommerce market in Georgia. 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 10.7%, resulting in a projected market volume of US$33.7 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 Fashion Accessories market in Georgia
The Georgian Fashion Accessories eCommerce market is predicted to reach US$0.9 million by 2024 and accounts for 27.3% of the Bags & Accessories eCommerce market in Georgia. 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 13.7%, resulting in a projected market volume of US$1.5 million by 2028. The Fashion Accessories eCommerce market is a sub-market of the Bags & Accessories market. Further categories within the Bags & Accessories market are: Jewelry & Watches, and Luggage & Bags.
eCommerce revenue development in the Fashion Accessories market in Georgia
eCommerce revenue growth in the Fashion Accessories market in Georgia
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 20.8 | 49.8 | 54.7 | 94.7 | 41.9 | 26.7 | 34.3 | 59.0 | ||||
as of Bags & Accessories (in %) | 31.2 | 31.4 | 31.4 | 30.2 | 30.4 | 32.4 | 32.6 | 32.8 | 33.0 | 33.2 | 33.4 | 33.5 |
Market definition
Definition of the Fashion Accessories market within the Fashion market
Market definition: Fashion > Bags & Accessories > Fashion Accessories The category Fashion Accessories includes the online trade of belts, scarves and shawls, sunglasses, and more. This category does not cover luggage and bags and jewlery and watches. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Belts
- Scarves and shawls
- Sunglasses
- Headgear
- Wallets
- Wallets and purses
Out-of-scope
- Luggage and bags
- Jewlery and watches
Market comparison
The Georgian Fashion Accessories market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category
- Belts *
- Headwear *
- Scarves & Shawls *
- Wallets & Purses *
- Other Accessories *
- Other Jewelry & Watches *
- Hip & Fanny Packs *
- Suitcases *
- Other Luggage & Bags *
- Other Footwear *
* Not available for the selected country