Fashion market in Nicaragua
The Nicaraguan Fashion eCommerce market is predicted to reach US$53.9 million by 2024 and accounts for 21.1% of the total eCommerce market in Nicaragua. 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 9.3%, resulting in a projected market volume of US$76.9 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 Sandals market in Nicaragua
The Nicaraguan Sandals eCommerce market is predicted to reach US$2.3 million by 2024 and accounts for 15.6% of the Footwear eCommerce market in Nicaragua. 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 9.4%, resulting in a projected market volume of US$3.3 million by 2028. The Sandals eCommerce market is a sub-market of the Footwear market. Further categories within the Footwear market are: Active Footwear, Boots, Flat Shoes, High Heels & Pumps, and Other Footwear.
eCommerce revenue development in the Sandals market in Nicaragua
eCommerce revenue growth in the Sandals market in Nicaragua
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 59.1 | 68.0 | 33.6 | 4.2 | 52.5 | 76.2 | 32.2 | 16.3 |
Market definition
Definition of the Sandals market within the Fashion market
Market definition: Fashion > Footwear > Sandals The category Sandals includes the online trade of sandals (e.g. slide sandals, slingback sandals, t-strap sandals), flipflops and espadrilles. This category does not cover house slippers. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Sandals (e.g. slide sandals, slingback sandals, t-strap sandals)
- Flipflops
- Espadrilles
Out-of-scope
- House slippers
Market comparison
The Nicaraguan Sandals market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category
- Scarves & Shawls *
- Other Accessories *
- Other Jewelry & Watches *
- Hip & Fanny Packs *
- Other Luggage & Bags *
* Not available for the selected country