Electronics market in Guyana
The Guyanese Electronics eCommerce market is predicted to reach US$38.3 million by 2023 and accounts for 27.0% 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 4.6%, resulting in a projected market volume of US$45.8 million by 2027. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Hifi Equipment market in Guyana
The Guyanese Hifi Equipment eCommerce market is predicted to reach US$0.3 million by 2023 and accounts for 10.2% of the Audio 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 4.0%, resulting in a projected market volume of US$0.4 million by 2027. The Hifi Equipment eCommerce market is a sub-market of the Audio market. Further categories within the Audio market are: Headphones, Loudspeakers, and Other Audio.
eCommerce revenue development in the Hifi Equipment market in Guyana
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Hifi Equipment market in Guyana
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 99.8 | 41.1 | 81.4 | 26.1 | 25.6 | 95.8 | 49.4 | 89.7 |
AOV (in US$) | 59.5 | 7.5 | 47.8 | 45.3 | 87.4 | 16.8 | 2.6 | 22.0 |
CVR (in %) | 99.8 | 41.1 | 81.4 | 26.1 | 25.6 | 95.8 | 49.4 | 89.7 |
Market definition
Definition of the Hifi Equipment market within the Electronics market
Market definition: Electronics > Consumer Electronics > Audio > Hifi Equipment The category Hifi Equipment includes the online trade of stereo systems, compact systems, audio home systems, and more. This category does not cover hifi loudspeakers and car hifi. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Stereo systems
- Compact systems
- Audio home systems
- All-in-one-systems
- Wifi radios
- Amplifiers
- Digital-to-analog converters (DACs)
- Hifi receivers
- Turntables
Out-of-scope
- Hifi Loudspeakers
- Car Hifi
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