eCommerce market in Honduras

Market development

eCommerce revenue development in Honduras

Honduras is the 84th largest market for eCommerce with a predicted revenue of US$599.7 million by 2024, placing it ahead of Ivory Coast. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 16.5%, resulting in a projected market volume of US$1,105.7 million by 2028. With an expected increase of 20.9% in 2024, the Honduran eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Honduras, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Honduran eCommerce market. Electronics is the largest market and accounts for 23.8% of the Honduran eCommerce revenue. It is followed by Hobby & Leisure with 21.1%, Fashion with 21.0%, Furniture & Homeware with 11.2%, DIY with 8.6%, Care Products with 8.4%, and Grocery with the remaining 5.9%.

eCommerce revenue development in Honduras

in million US$

eCommerce revenue growth in Honduras

in %

Net eCommerce revenue split by sub-category

in %
20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)19.847.672.020.640.78.177.783.2

Online share

eCommerce online share in Honduras

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Honduran retail market, the online share is 5.4% and will increase by an average of 8.1% to 7.4% by 2028.

eCommerce online share in Honduras

in %
20202021202220232024202520262027
Online share (in %)93.7%8.3%60.0%32.9%64.8%0.4%58.2%88.9%