Hobby & Leisure market in Colombia

The Colombian Hobby & Leisure eCommerce market is predicted to reach US$1,056.2 million by 2024 and accounts for 21.1% of the total eCommerce market in Colombia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 13.5%, resulting in a projected market volume of US$1,755.8 million by 2028. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Pet Supplies, Stationery, Crafts & Art Supplies, Toys, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Erotic & Adult, and Smoking Supplies.

Monthly revenues

Monthly eCommerce revenues in the Colombian Musical Instruments market

The monthly eCommerce revenue of the Colombian Musical Instruments market was US$3 million in November 2024. This refers to a growth of -3.6% compared to October 2024. Within the last 12 months, the monthly revenue share was the highest in December 2023 with 10.1% of the total 2023 revenue of the Colombian Musical Instruments market and the lowest in September 2024 with 7.6% of the total 2024 revenue.

Revenue Last Month

US$3.2m

The eCommerce revenue fell by 3.6% from October 2024 to November 2024.

11-2024-3.6%

Monthly revenue shares in the last 12 months

in %
0-20241-20242-20243-20244-20245-20246-20247-20248-20249-202410-202411-2024
Revenue (in mUS$)0.00.00.00.00.00.00.00.00.00.00.00.0
Monthly revenue share (in %)84.743.873.075.758.321.933.692.550.349.073.554.1

Market development

eCommerce revenue development in the Musical Instruments market in Colombia

The Colombian Musical Instruments eCommerce market is predicted to reach US$38.0 million by 2024 and accounts for 3.6% of the Hobby & Leisure eCommerce market in Colombia. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 11.5%, resulting in a projected market volume of US$58.7 million by 2028. The Musical Instruments eCommerce market is a sub-market of the Hobby & Leisure market. Further categories within the Hobby & Leisure market are: Bullion & Precious Metal, Camping & Adventure, Erotic & Adult, Flowers & Gifts, Media, Other Hobby & Leisure, Pet Supplies, Smoking Supplies, Sports Equipment, Stationery, Crafts & Art Supplies, and Toys.

eCommerce revenue development in the Musical Instruments market in Colombia

in million US$

eCommerce revenue growth in the Musical Instruments market in Colombia

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)65.340.454.592.524.543.725.266.2

Online share

eCommerce online share of the total Musical Instruments market in Colombia

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Colombian Musical Instruments retail market, the online share is 12.9% and will increase by an average of 10.8% to 19.4% by 2028.

eCommerce online share of the total Musical Instruments market in Colombia

in %
20202021202220232024202520262027
Online share (in %)27.6%13.2%51.5%64.6%10.2%20.0%58.5%56.3%

Top stores

Top five Musical Instruments online stores in Colombia by net sales 2023

With sales in the Colombian Musical Instruments market, waves.com generated a revenue of US$1.5 million in 2023, which means it is the leading online store in this market. The Musical Instruments ranking of Colombia is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.

eCommerce net sales generated in the Musical Instruments market in Colombia in 2023

in million US$
Filtered revenue / share
Global revenue
Growth
US$900.0m
20.7%
US$8,300.0m8.3%
US$550.0m
12.0%
US$4,600.0m12.4%
US$470.0m
3.9%
US$1,190.0m33.6%
US$430.0m
20.6%
US$2,122.0m18.0%
US$370.0m
20.7%
US$1,814.0m12.6%

Market definition

Definition of the Musical Instruments market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Musical Instruments The category Musical Instruments covers the sale of guitars, keyboards and pianos, drums and percussions, and more. This category does not cover music software and technology, instrument maintenance and repair or music lessons and educational resources. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Guitars
  • Keyboards and pianos
  • Drums and percussions
  • Wind instruments
  • String instruments
  • Electronic instruments
  • DJ equipment
  • Amplifiers and effects

Out-of-scope

  • Music software and technology
  • Instrument maintenance and repair
  • Music lessons and educational resources