Fashion market in Malaysia

The Malaysian Fashion eCommerce market is predicted to reach US$4,816.1 million by 2024 and accounts for 19.7% of the total eCommerce market in Malaysia. 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 6.8%, resulting in a projected market volume of US$6,266.2 million by 2028. Within the Fashion market ECDB considers the following three sub-markets: Apparel, Footwear, and Bags & Accessories.

Monthly revenues

Monthly eCommerce revenues in the Malaysian Bags & Accessories market

The monthly eCommerce revenue of the Malaysian Bags & Accessories market was US$77 million in November 2024. This refers to a growth of -1.2% compared to October 2024. Within the last 12 months, the monthly revenue share was the highest in January 2024 with 10.8% of the total 2024 revenue of the Malaysian Bags & Accessories market and the lowest in September 2024 with 6.7% of the total 2024 revenue.

Revenue Last Month

US$77.2m

The eCommerce revenue fell by 1.2% from October 2024 to November 2024.

11-2024-1.2%

Monthly revenue shares in the last 12 months

in %
0-20241-20242-20243-20244-20245-20246-20247-20248-20249-202410-202411-2024
Revenue (in mUS$)0.00.00.00.00.00.00.00.00.00.00.00.0
Monthly revenue share (in %)30.563.567.530.798.080.882.87.368.627.892.87.7

Market development

eCommerce revenue development in the Bags & Accessories market in Malaysia

The Malaysian Bags & Accessories eCommerce market is predicted to reach US$1,059.6 million by 2024 and accounts for 22.0% of the Fashion eCommerce market in Malaysia. 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 7.3%, resulting in a projected market volume of US$1,404.0 million by 2028. The Bags & Accessories eCommerce market is a sub-market of the Fashion market. Further categories within the Fashion market are: Apparel, and Footwear.

eCommerce revenue development in the Bags & Accessories market in Malaysia

in million US$

eCommerce revenue growth in the Bags & Accessories market in Malaysia

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)35.744.077.622.236.091.28.730.5

Top stores

Top five Bags & Accessories online stores in Malaysia by net sales 2023

With sales in the Malaysian Bags & Accessories market, shopee.com.my generated a revenue of US$8.1 million in 2023, which means it is the leading online store in this market. The Bags & Accessories ranking of Malaysia is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.

eCommerce net sales generated in the Bags & Accessories market in Malaysia in 2023

in million US$
Filtered revenue / share
Global revenue
Growth
US$900.0m
20.7%
US$8,300.0m8.3%
US$550.0m
12.0%
US$4,600.0m12.4%
US$470.0m
3.9%
US$1,190.0m33.6%
US$430.0m
20.6%
US$2,122.0m18.0%
US$370.0m
20.7%
US$1,814.0m12.6%

Market definition

Definition of the Bags & Accessories market within the Fashion market

Market definition: Fashion > Bags & Accessories In the category Bags & Accessories digital channels are used to sell a variety of products, including fashion accessoires (e.g. belts, sunglasses, scarves), luggage & bags (e.g. suitcases, backpacks, handbags) and jewelry & watches (e.g. earrings, necklaces, wristwatches). Not part of the category are apparel (e.g. pants, jackets, t-shirts), footwear (e.g. sneakers, boots, sandals) or protective cases and covers for electronic devices (e.g. smartphone cases and covers). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Fashion accessoires (e.g. belts, sunglasses, scarves)
  • Luggage & bags (e.g. suitcases, backpacks, handbags)
  • Jewelry & watches (e.g. earrings, necklaces, wristwatches)

Out-of-scope

  • Apparel (e.g. pants, jackets, t-shirts)
  • Footwear (e.g. sneakers, boots, sandals)
  • Protective cases and covers for electronic devices (e.g. smartphone cases and covers)