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.

Market development

eCommerce revenue development in the Sweaters market in Malaysia

The Malaysian Sweaters eCommerce market is predicted to reach US$192.4 million by 2024 and accounts for 7.6% of the Apparel 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 13.3%, resulting in a projected market volume of US$317.5 million by 2028. The Sweaters eCommerce market is a sub-market of the Apparel market. Further categories within the Apparel market are: Dresses & Skirts, Jackets, Coats & Anoraks, Other Apparel, Pants, Socks, Suits & Trouser Suits, T-Shirts, Shirts & Blouses, Underwear & Nightwear, and Workwear.

eCommerce revenue development in the Sweaters market in Malaysia

in million US$

eCommerce revenue growth in the Sweaters 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 %)53.720.230.354.220.527.938.958.3

Market definition

Definition of the Sweaters market within the Fashion market

Market definition: Fashion > Apparel > Sweaters The category Sweaters includes the online trade of hoodies (e.g. pullover hoodies, zip-up hoodies), sweaters (e.g. crewneck sweaters, turtleneck sweaters, cardigans) and longsleeves (e.g. long-sleeve t-shirts, henley shirts). This category does not cover t-shirts, shirts or blouses. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Hoodies (e.g. pullover hoodies, zip-up hoodies)
  • Sweaters (e.g. crewneck sweaters, turtleneck sweaters, cardigans)
  • Longsleeves (e.g. long-sleeve t-shirts, henley shirts)

Out-of-scope

  • T-shirts
  • Shirts
  • Blouses

Market comparison

The Malaysian Sweaters market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %