Fashion market in Mongolia
The Mongolian Fashion eCommerce market is predicted to reach US$52.9 million by 2024 and accounts for 18.9% of the total eCommerce market in Mongolia. 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 23.9%, resulting in a projected market volume of US$124.7 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 Handbags market in Mongolia
The Mongolian Handbags eCommerce market is predicted to reach US$1.5 million by 2024 and accounts for 47.5% of the Luggage & Bags eCommerce market in Mongolia. 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 22.7%, resulting in a projected market volume of US$3.4 million by 2028. The Handbags eCommerce market is a sub-market of the Luggage & Bags market. Further categories within the Luggage & Bags market are: Backpacks & Daypacks, Hip & Fanny Packs, Other Luggage & Bags, and Suitcases.
eCommerce revenue development in the Handbags market in Mongolia
eCommerce revenue growth in the Handbags market in Mongolia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 98.5 | 24.6 | 63.9 | 6.8 | 75.9 | 35.3 | 65.2 | 53.6 |
Market definition
Definition of the Handbags market within the Fashion market
Market definition: Fashion > Bags & Accessories > Luggage & Bags > Handbags The category Handbags includes the online trade of handbags (e.g. tote bags, shoulder bags, crossbody bags, clutches). This category does not cover wallets and purses, backpacks and daypacks or hip and fanny packs. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Handbags (e.g. tote bags, shoulder bags, crossbody bags, clutches)
Out-of-scope
- Wallets and purses
- Backpacks and daypacks
- Hip and fanny packs
Market comparison
The Mongolian Handbags market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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- Socks *
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- Belts *
- Headwear *
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- Other Accessories *
- Other Jewelry & Watches *
- Backpacks & Daypacks *
- Hip & Fanny Packs *
- Suitcases *
- Other Luggage & Bags *
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- Other Footwear *
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