Electronics market in Belarus
The Belarusian Electronics eCommerce market is predicted to reach US$867.2 million by 2023 and accounts for 21.1% of the total eCommerce market in Belarus. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 1.5%, resulting in a projected market volume of US$919.6 million by 2027. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Hifi Loudspeakers market in Belarus
The Belarusian Hifi Loudspeakers eCommerce market is predicted to reach US$11.4 million by 2023 and accounts for 47.6% of the Loudspeakers eCommerce market in Belarus. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be -10.1%, resulting in a projected market volume of US$7.5 million by 2027. The Hifi Loudspeakers eCommerce market is a sub-market of the Loudspeakers market. Further categories within the Loudspeakers market are: Bluetooth Loudspeakers, and Other Loudspeakers.
eCommerce revenue development in the Hifi Loudspeakers market in Belarus
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Hifi Loudspeakers market in Belarus
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 52.5 | 96.7 | 54.1 | 23.0 | 22.4 | 5.2 | 20.1 | 82.4 |
| AOV (in US$) | 0.8 | 0.8 | 0.4 | 1.0 | 0.9 | 0.2 | 0.7 | 0.4 |
| CVR (in %) | 45.5 | 51.0 | 7.4 | 96.0 | 77.8 | 65.9 | 52.0 | 15.5 |
Market definition
Definition of the Hifi Loudspeakers market within the Electronics market
Market definition: Electronics > Consumer Electronics > Audio > Loudspeakers > Hifi Loudspeakers The category Hifi Loudspeakers includes the online trade of floorstanding hifi loudspeakers, bookshelf hifi loudspeakers, hifi tower speakers, and more. This category does not cover bluetooth loudspeakers, record players or cd players. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Floorstanding hifi loudspeakers
- Bookshelf hifi loudspeakers
- Hifi tower speakers
- Wireless hifi speakers
- Hifi surround sound systems
- Retro or vintage hifi speakers
Out-of-scope
- Bluetooth Loudspeakers
- Record players
- CD players
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