Shein is an online clothing retailer that has quickly become one of the most popular fashion companies in the world.
Founded in 2008, Shein has grown rapidly to become a global powerhouse and generated over $64 billion USD in revenue in 2023 alone.
Whether you’re a fashion lover or just into cool facts, these Shein stats are going to wow you. Let’s dive in and see what makes Shein such a hit!
| Year | Valuation ($bn) | Annual Downloads (mm) | Annual Users in the U.S. (mm) | Annual Users Worldwide (mm) | Annual Revenue ($bn) |
|---|---|---|---|---|---|
| 2018 | Not Available | 48.4 | 7.5 | 4.8 | 1.99 |
| 2019 | 5 | 57.2 | 1.12 | 5.6 | 3.15 |
| 2020 | 15 | 103.1 | 2.8 | 15.5 | 9.81 |
| 2021 | 47 | 157.1 | 7.5 | 43.7 | 15.7 |
| 2022 | 100 | 200 | 13.7 | 74.7 | 22.7 |
| 2023 | 64 | Not Available | 17.3 | 88.8 | Not Available |
What is Shein?
Shein is an online fashion retailer that offers a wide variety of fashionable clothing for women. The company caters to customers who are looking for trend-savvy apparel and accessories at affordable prices.
Shein was founded in 2008 and quickly gained popularity due to its commitment to delivering the latest styles with excellent customer service.
Customers can shop from a curated selection of dresses, tops, bottoms, jumpsuits, activewear, shoes, and accessories.
Whether you’re looking for must-have basics or something more stylish, Shein has something for everyone. With fast delivery options and an easy returns policy, it’s no wonder why Shein is so popular with shoppers around the world!
Shop now and enjoy amazing savings on your favorite items!
20+ Best Shein Statistics 2024
- The valuation of Shein in 2021 was 47 $ billion.
- The valuation of Shein in 2020 was 15 $ billion.
- The valuation of Shein in 2019 was 5 $ billion.
- The annual downloads of Shein in 2021 were 157.1 million.
- The annual downloads of Shein in 2020 were 103.1 million.
- Shein’s annual downloads in 2019 were 57.2 million.
- Shein’s annual downloads in 2018 were 48.4 million.
- The annual users of Shein in the United States in 2021 were 7.5 million.
- The annual users of Shein in the United States in 2020 were 2.8 million.
- The annual users of Shein in the United States in 2019 were 1.12 million.
- The annual usage of Shein in the United States in 2018 was 0.67 million.
- The annual usage of Shein in the United States in 2017 was 0.49 million.
- The annual users of Shien across the world in 2021 were 43.7 million.
- The annual users of Shien across the world in 2020 were 15.5 million.
- The annual users of Shien across the world in 2019 were 5.6 million.
- The annual users of Shien across the world in 2018 were 4.8 million.
- The annual users of Shien across the world in 2017 were 2.8 million.
- The annual revenue of Shein in 2021 was 15.7 $ billion.
- The annual revenue of Shein in 2020 was 9.81 $ billion.
- The annual revenue of Shein in 2019 was 3.15 $ billion.
- Its annual revenue of Shein in 2018 was 1.99 $ billion.
- The annual revenue of Shein in 2017 was 1.55 $ billion.
- The annual revenue of Shein in 2016 was 0.61 $ billion.
- The valuation of Shein in 2022 was $100 billion.
- Shein’s annual downloads in 2022 amounted to 200 million.
- The annual users of Shein in the U.S. in 2022 were 13.7 million.
- The annual users of Shein worldwide in 2022 were 74.7 million.
- Shein’s annual revenue in 2022 was $22.7 billion.
- The valuation of Shein in 2023 was $64 billion.
- The annual users of Shein in the U.S. in 2023 were 17.3 million.
- The annual users of Shein worldwide in 2023 were 88.8 million.
FAQs
💰 What was Shein's valuation in recent years?
Shein's valuation saw significant growth, reaching $100 billion in 2022 and then adjusting to $64 billion in 2023.
🌐 How many people use Shein worldwide?
In 2022, Shein had 74.7 million users globally, which increased to 88.8 million in 2023.
👗 What makes Shein so popular among users?
Shein's wide range of affordable fashion, user-friendly app, and global reach contribute to its popularity.
🌍 Which countries contribute most to Shein's user base?
Shein is widely popular in the U.S., Europe, and Asia.
🔝 How does Shein rank among global fashion retailers?
Shein is one of the top online fashion retailers globally, known for its fast-fashion model.
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Conclusion: Shein Statistics 2024
It is clear from looking at Shein’s revenue and usage statistics that they are performing exceptionally well and continue to grow in popularity each year.
With their unique, stylish designs, a wide selection of sizes, and affordable prices, it comes as no surprise that Shein remains one of the most successful fashion companies in the world.
As long as they continue to stay ahead of trends and offer a great customer experience, Shein is likely to have another successful year in 2024.
I hope this article helped you get some good statistics.
