eCommerce market in Honduras

Honduras is the 99th largest market for eCommerce with a predicted revenue of US$497.8 million by 2023, placing it ahead of El Salvador. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 5.8%, resulting in a projected market volume of US$623.9 million by 2027. With an expected increase of 2.1% in 2023, the Honduran eCommerce market contributed to the worldwide growth rate of 8.7% in 2023. 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 26.3% of the Honduran eCommerce revenue. It is followed by Fashion with 20.8%, Hobby & Leisure with 20.2%, Furniture & Homeware with 10.8%, DIY with 8.4%, Care Products with 8.2%, and Grocery with the remaining 5.3%.

Market development

eCommerce revenue development in Honduras

Honduras is the 99th largest market for eCommerce with a predicted revenue of US$497.8 million by 2023, placing it ahead of El Salvador. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 5.8%, resulting in a projected market volume of US$623.9 million by 2027. With an expected increase of 2.1% in 2023, the Honduran eCommerce market contributed to the worldwide growth rate of 8.7% in 2023. 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 26.3% of the Honduran eCommerce revenue. It is followed by Fashion with 20.8%, Hobby & Leisure with 20.2%, Furniture & Homeware with 10.8%, DIY with 8.4%, Care Products with 8.2%, and Grocery with the remaining 5.3%.

eCommerce revenue development in Honduras

in million US$

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 Honduras

in %

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

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 98.0 20.1 0.2 80.1 12.9 63.8 61.8 61.6
AOV (in US$) 0.2 0.9 0.8 0.9 0.6 0.2 0.7 0.6
CVR (in %) 90.2 87.1 91.3 14.5 64.9 43.3 32.3 29.2
AOV: Average Order Value CVR: Conversion Rate

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 4.9% and will increase by an average of 8.1% to 6.7% by 2027.

eCommerce online share in Honduras

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 62.2% 74.8% 82.7% 4.0% 13.0% 47.7% 10.0% 19.2%