In 2022, Depop generated approximately 552 million U.S. dollars in gross merchandise volume (GMV). Additionally, the revenue of the online fashion marketplace stood at 85 million U.S. dollars.
Depop doesn’t stop
Depop is a peer-to-peer secondhand online shop headquartered in London, United Kingdom. The popular e-commerce store specializes in fashion, shoes, bags, and other accessories. In May 2022, users worldwide visited depop.com approximately 9.9 million times. The platform has over 30 million registered users, 3.3 million active buyers, and 1.8 million active sellers. According to a survey, among online second-hand shoppers in the UK, Depop was popular with around a fifth of respondents. In April that same year, users around the world downloaded the Depop app over 470,000 times.
A second-hand demand
Worldwide, the second-hand apparel market was valued at 119 billion U.S. dollars in 2022. By 2026, this figure is forecast to reach 218 billion dollars. In the United States, nearly seven in ten second-hand sellers use online platforms for reselling purposes. Consumers buy pre-loved items online primarily to spend less. Saving money was the driving force behind 73 percent of shoppers in Germany purchasing pre-loved items. In addition, consumers worldwide second-hand shop to create less waste and have a wider selection of products.
Annual revenue and gross merchandise volume (GMV) of Depop from 2019 to 2022
(in million U.S. dollars)
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Business of Apps. (November 15, 2023). Annual revenue and gross merchandise volume (GMV) of Depop from 2019 to 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1337127/depop-revenue-and-gross-merchandise-volume/
Business of Apps. "Annual revenue and gross merchandise volume (GMV) of Depop from 2019 to 2022 (in million U.S. dollars)." Chart. November 15, 2023. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1337127/depop-revenue-and-gross-merchandise-volume/
Business of Apps. (2023). Annual revenue and gross merchandise volume (GMV) of Depop from 2019 to 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1337127/depop-revenue-and-gross-merchandise-volume/
Business of Apps. "Annual Revenue and Gross Merchandise Volume (Gmv) of Depop from 2019 to 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 15 Nov 2023, https://www.statista.com/statistics/1337127/depop-revenue-and-gross-merchandise-volume/
Business of Apps, Annual revenue and gross merchandise volume (GMV) of Depop from 2019 to 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1337127/depop-revenue-and-gross-merchandise-volume/ (last visited October 06, 2024)
Annual revenue and gross merchandise volume (GMV) of Depop from 2019 to 2022 (in million U.S. dollars) [Graph], Business of Apps, November 15, 2023. [Online]. Available: https://www.statista.com/statistics/1337127/depop-revenue-and-gross-merchandise-volume/