Electronics market in Costa Rica

The Costa Rican Electronics eCommerce market is predicted to reach US$350.1 million by 2024 and accounts for 24.0% of the total eCommerce market in Costa Rica. 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 3.7%, resulting in a projected market volume of US$405.3 million by 2028. 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 Costa Rica

The Costa Rican Hifi Loudspeakers eCommerce market is predicted to reach US$7.2 million by 2024 and accounts for 53.1% of the Loudspeakers eCommerce market in Costa Rica. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -0.6%, resulting in a projected market volume of US$7.0 million by 2028. 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 Costa Rica

in million US$

eCommerce revenue growth in the Hifi Loudspeakers market in Costa Rica

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)9.611.867.060.07.736.997.699.2

Online share

eCommerce online share of the total Hifi Loudspeakers market in Costa Rica

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 Costa Rican Hifi Loudspeakers retail market, the online share is 38.6% and will increase by an average of 8.1% to 52.8% by 2028.

eCommerce online share of the total Hifi Loudspeakers market in Costa Rica

in %
20202021202220232024202520262027
Online share (in %)79.6%93.0%20.6%6.7%70.3%82.1%61.6%53.9%

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