Hobby & Leisure market in Guyana
The Guyanese Hobby & Leisure eCommerce market is predicted to reach US$28.6 million by 2023 and accounts for 20.1% of the total eCommerce market in Guyana. 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 9.9%, resulting in a projected market volume of US$41.7 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 Fishing Equipment market in Guyana
The Guyanese Fishing Equipment eCommerce market is predicted to reach US$0.2 million by 2023 and accounts for 6.7% of the Individual Sports eCommerce market in Guyana. 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 10.1%, resulting in a projected market volume of US$0.3 million by 2027. The Fishing Equipment eCommerce market is a sub-market of the Individual Sports market. Further categories within the Individual Sports market are: Bicycles, Fitness Equipment, Hunting & Weapons, and Other Individual Sports.
eCommerce revenue development in the Fishing Equipment market in Guyana
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Fishing Equipment market in Guyana
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 84.1 | 82.6 | 49.7 | 54.0 | 37.3 | 21.4 | 98.7 | 55.1 |
AOV (in US$) | 0.6 | 0.7 | 0.1 | 0.3 | 0.6 | 0.6 | 0.6 | 0.4 |
CVR (in %) | 22.9 | 13.3 | 40.9 | 63.9 | 92.1 | 20.6 | 4.6 | 47.6 |
Market definition
Definition of the Fishing Equipment market within the Hobby & Leisure market
Market definition: Hobby & Leisure > Sports Equipment > Individual Sports > Fishing Equipment The category Fishing Equipment includes the online trade of fishing rods, fishing reels, fishing line, and more. This category does not cover fishing boats and accessories. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Fishing rods
- Fishing reels
- Fishing line
- Fishing lures and baits
Out-of-scope
- Fishing boats and accessories
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