Hobby & Leisure market in Colombia

The Colombian Hobby & Leisure eCommerce market is predicted to reach US$936.0 million by 2023 and accounts for 20.0% 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 2023-2027) will be 6.0%, resulting in a projected market volume of US$1,179.9 million by 2027. 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.

Market development

eCommerce revenue development in the Musical Instruments market in Colombia

The Colombian Musical Instruments eCommerce market is predicted to reach US$34.4 million by 2023 and accounts for 3.7% 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 2023-2027) will be 4.7%, resulting in a projected market volume of US$41.3 million by 2027. 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$

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 Musical Instruments market in Colombia

in %

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

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 6.3 36.0 98.7 89.3 63.0 72.9 0.7 67.8
AOV (in US$) 0.8 0.8 0.8 1.0 0.5 0.5 0.7 0.2
CVR (in %) 47.0 20.2 27.8 6.0 16.1 64.9 36.4 65.7
AOV: Average Order Value CVR: Conversion Rate

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 11.4% and will increase by an average of 10.4% to 16.9% by 2027.

eCommerce online share of the total Musical Instruments market in Colombia

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 69.6% 84.4% 77.5% 15.8% 65.3% 92.1% 12.4% 21.1%

Top stores

Top five Musical Instruments online stores in Colombia by net sales 2022

With sales in the Colombian Musical Instruments market, lacolonial.com.co generated a revenue of US$0.8 million in 2022, 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 2022. 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 2022

in million US$

Note: First party net sales generated after deduction of returns, allowances for damaged or missing goods and any discounts allowed

Source: Annual report, secondary sources, ECDB analysis

Filtered revenue / share
Global revenue
Growth
US$900.0m
20.7%
US$8,300.0m 8.3%
US$550.0m
12.0%
US$4,600.0m 12.4%
US$470.0m
3.9%
US$1,190.0m 33.6%
US$430.0m
20.6%
US$2,122.0m 18.0%
US$370.0m
20.7%
US$1,814.0m 12.6%

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