eCommerce market in Guatemala
Guatemala is the 96th largest market for eCommerce with a predicted revenue of US$387.0 million by 2024, placing it ahead of Turkmenistan. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 9.7%, resulting in a projected market volume of US$560.2 million by 2028. With an expected increase of 12.4% in 2024, the Guatemalan eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Guatemala, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Guatemalan eCommerce market. Electronics is the largest market and accounts for 23.9% of the Guatemalan eCommerce revenue. It is followed by Hobby & Leisure with 21.3%, Fashion with 21.2%, Furniture & Homeware with 11.3%, DIY with 8.6%, Care Products with 7.8%, and Grocery with the remaining 5.9%.
Market development
eCommerce revenue development in Guatemala
Guatemala is the 96th largest market for eCommerce with a predicted revenue of US$387.0 million by 2024, placing it ahead of Turkmenistan. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 9.7%, resulting in a projected market volume of US$560.2 million by 2028. With an expected increase of 12.4% in 2024, the Guatemalan eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Guatemala, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Guatemalan eCommerce market. Electronics is the largest market and accounts for 23.9% of the Guatemalan eCommerce revenue. It is followed by Hobby & Leisure with 21.3%, Fashion with 21.2%, Furniture & Homeware with 11.3%, DIY with 8.6%, Care Products with 7.8%, and Grocery with the remaining 5.9%.
eCommerce revenue development in Guatemala
eCommerce revenue growth in Guatemala
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 36.8 | 46.1 | 71.6 | 35.3 | 36.9 | 83.2 | 31.3 | 76.6 |
Market comparison
The Guatemalan eCommerce market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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