eCommerce market in Estonia
Market development
eCommerce revenue development in Estonia
Estonia is the 91st largest market for eCommerce with a predicted revenue of US$443.2 million by 2024, placing it ahead of Malta. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 6.3%, resulting in a projected market volume of US$566.9 million by 2028. With an expected increase of 7.2% in 2024, the Estonian eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Estonia, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Estonian eCommerce market. Hobby & Leisure is the largest market and accounts for 26.4% of the Estonian eCommerce revenue. It is followed by Electronics with 20.4%, Fashion with 17.0%, Furniture & Homeware with 11.7%, Care Products with 9.4%, DIY with 9.1%, and Grocery with the remaining 6.0%.
eCommerce revenue development in Estonia
eCommerce revenue growth in Estonia
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 57.9 | 93.9 | 19.5 | 49.8 | 38.9 | 17.8 | 2.5 | 38.7 |
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