StockX reports a strong growth of sneaker resale market
15 October 2020: A strong growth across the sneaker resale sector is being driven by international demand, particularly from Asia and Europe, according to StockX, the global resale platform for sneakers, streetwear and collectables. In its 3rd Quarter Report, StockX states that the resale has a projected growth of 15-20 percent year-on-year. It will thus be expected to reach 23 billion pounds by 2030.
In Q3, StockX averaged 25,000,000 global monthly users, and increased its female customers, with non-US female StockX users jumping up by 130 percent in the last year. On StockX, global sales of women’s exclusive sneakers outpaced the overall market by 70 percent in 2020.
According to the Report, the growth is also being accelerated by non-US markets. The non-US sneaker resale market is expected to reach 15 billion pounds by 2030. It is reported that non-US sales on StockX increased by 260% in the last year and that the platform has customers from more than 200 countries. British sneakerheads purchases were up 200% year-on-year. Nike dominated the top ten sneakers, taking all but two places with its Air Jordan and Nike Air Max styles.