eCommerce market in Belize

Belize is one of the smaller markets for eCommerce with a predicted revenue of US$63.8 million by 2023. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 11.9%, resulting in a projected market volume of US$100.0 million by 2027. With an expected increase of 15.6% in 2023, the Belizean eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Belize, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Belizean eCommerce market. Electronics & Media is the largest market and accounts for 33.9% of the Belizean eCommerce revenue. It is followed by Food & Personal Care with 30.7%, Fashion with 15.0%, Furniture & Appliances with 12.9%, and Toys, Hobby & DIY with the remaining 7.5%.