Facebook advertising CTR 2023, by industry

In March 2023, apparel and footwear was the industry with the highest click-through rate (CTR) for Facebook ads worldwide, at 2.06 percent. The lowest CTR was recorded for technology products and services, at 0.93 percent.

How is ad success measured?

Click-through rate - the number of times an ad clicked divided by the number of total views - is a commonly used measure to gauge the effectiveness of an online advertisement. In the second quarter of 2023, CTR for social networks stood at 1.36 percent. This marked an increase of 13 percent compared to the previous quarter. Cost-per-mille (CPM) - the price of each 1,000 views of ads on one web page - is another noteworthy metric to examine the success of an advertisement. In the second quarter of 2023, global social media ads' CPM was 5.33 U.S. dollars.

The most click-worthy industry: apparel

The most valuable brand from the industry with the highest CTR in 2023 was Oregon-based giant Nike, which had a brand value of roughly 75 billion dollars. Apparel companies have spent heavily on advertising not only to build immense brand awareness and value, but also to cater brand loyalty. For instance, U.S. apparel and accessory stores ad spend amounted to 531 million dollars in 2022. In the same year, the average consumer spend just for female apparel in the United States was around 730 dollars. As long as consumers keep clicking on ads for clothing and footwear items, the apparel industry’s ad spend can be expected to grow proportionately.