Furniture & Homeware market in Honduras
The Honduran Furniture & Homeware eCommerce market is predicted to reach US$54.0 million by 2023 and accounts for 10.8% of the total eCommerce market in Honduras. 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 6.8%, resulting in a projected market volume of US$70.3 million by 2027. Within the Furniture & Homeware market ECDB considers the following two sub-markets: Furniture and Homeware.
Market development
eCommerce revenue development in the Home & Living market in Honduras
The Honduran Home & Living eCommerce market is predicted to reach US$19.9 million by 2023 and accounts for 59.4% of the Furniture eCommerce market in Honduras. 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 6.6%, resulting in a projected market volume of US$25.7 million by 2027. The Home & Living eCommerce market is a sub-market of the Furniture market. Further categories within the Furniture market are: Home Office & Workplace Furniture, Kitchen & Bath, Other Furniture, and Outdoor Furniture.
eCommerce revenue development in the Home & Living market in Honduras
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Home & Living market in Honduras
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 71.0 | 40.0 | 28.6 | 54.9 | 60.6 | 63.7 | 91.9 | 45.5 |
| AOV (in US$) | 1.0 | 0.2 | 0.5 | 0.6 | 0.9 | 1.0 | 0.6 | 0.9 |
| CVR (in %) | 41.9 | 62.3 | 10.2 | 47.7 | 66.0 | 10.5 | 37.6 | 85.2 |
Market definition
Definition of the Home & Living market within the Furniture & Homeware market
Market definition: Furniture & Homeware > Furniture > Home & Living The category Home & Living includes the online trade of livingroom furniture, bedroom furniture, dining room furniture, and more. This category does not cover kitchen furniture, bathroom furniture or home office furniture. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Livingroom furniture
- Bedroom furniture
- Dining room Furniture
- Hallway furniture
Out-of-scope
- Kitchen furniture
- Bathroom furniture
- Home office furniture
- Outdoor furniture
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