eCommerce market in Guyana

Guyana is one of the smaller markets for eCommerce with a predicted revenue of US$87.6 million by 2023. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 13.1%, resulting in a projected market volume of US$143.6 million by 2027. With an expected increase of 25.0% in 2023, the Guyanese eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Guyana, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Guyanese eCommerce market. Food & Personal Care is the largest market and accounts for 34.0% of the Guyanese eCommerce revenue. It is followed by Electronics & Media with 21.6%, Fashion with 21.0%, Furniture & Appliances with 13.2%, and Toys, Hobby & DIY with the remaining 10.3%.

Market development

eCommerce revenue development in Guyana

Guyana is one of the smaller markets for eCommerce with a predicted revenue of US$87.6 million by 2023. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 13.1%, resulting in a projected market volume of US$143.6 million by 2027. With an expected increase of 25.0% in 2023, the Guyanese eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Guyana, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Guyanese eCommerce market. Food & Personal Care is the largest market and accounts for 34.0% of the Guyanese eCommerce revenue. It is followed by Electronics & Media with 21.6%, Fashion with 21.0%, Furniture & Appliances with 13.2%, and Toys, Hobby & DIY with the remaining 10.3%.

eCommerce revenue development in Guyana

in million US$, in %

Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war

Source: Statista Market Insights, ecommerceDB

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 47.8 21.2 99.6 23.6 76.4 34.7 4.4 99.4
AOV (in US$) 17.3 97.7 23.9 46.1 44.5 86.1 52.8 48.4
CVR (in %) 47.8 21.2 99.6 23.6 76.4 34.7 4.4 99.4
AOV: Average Order Value CVR: Conversion Rate