eCommerce market in Iraq
Market development
eCommerce revenue development in Iraq
Iraq is the 69th largest market for eCommerce with a predicted revenue of US$977.1 million by 2024, placing it ahead of Croatia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 4.4%, resulting in a projected market volume of US$1,160.9 million by 2028. With an expected increase of 5.7% in 2024, the Iraqi eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Iraq, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Iraqi eCommerce market. Hobby & Leisure is the largest market and accounts for 24.8% of the Iraqi eCommerce revenue. It is followed by Electronics with 21.7%, Fashion with 17.2%, Furniture & Homeware with 11.8%, Care Products with 9.0%, DIY with 8.3%, and Grocery with the remaining 7.2%.
eCommerce revenue development in Iraq
eCommerce revenue growth in Iraq
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 45.2 | 34.6 | 67.7 | 82.4 | 68.1 | 11.2 | 73.3 | 69.1 |
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