Fashion market in Indonesia
The Indonesian Fashion eCommerce market is predicted to reach US$14,985.6 million by 2024 and accounts for 23.1% of the total eCommerce market in Indonesia. 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 20.3%, resulting in a projected market volume of US$31,345.5 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Bags & Accessories, and Footwear.
Market development
eCommerce revenue development in the Belts market in Indonesia
The Indonesian Belts eCommerce market is predicted to reach US$377.7 million by 2024 and accounts for 20.4% of the Fashion Accessories eCommerce market in Indonesia. 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 31.4%, resulting in a projected market volume of US$1,126.8 million by 2028. The Belts eCommerce market is a sub-market of the Fashion Accessories market. Further categories within the Fashion Accessories market are: Headwear, Other Accessories, Scarves & Shawls, Sunglasses, and Wallets & Purses.
eCommerce revenue development in the Belts market in Indonesia
eCommerce revenue growth in the Belts market in Indonesia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 24.5 | 16.6 | 63.4 | 88.7 | 97.2 | 53.7 | 55.1 | 87.2 |
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
Market comparison
The Indonesian Belts market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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