Hobby & Leisure market in Iceland

The Icelandic Hobby & Leisure eCommerce market is predicted to reach US$216.0 million by 2023 and accounts for 23.6% of the total eCommerce market in Iceland. 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 9.6%, resulting in a projected market volume of US$311.9 million by 2027. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Pet Supplies, Stationery, Crafts & Art Supplies, Toys, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Erotic & Adult, and Smoking Supplies.

Market development

eCommerce revenue development in the Bird Supplies market in Iceland

The Icelandic Bird Supplies eCommerce market is predicted to reach US$0.9 million by 2023 and accounts for 3.6% of the Pet Supplies eCommerce market in Iceland. 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 12.8%, resulting in a projected market volume of US$1.4 million by 2027. The Bird Supplies eCommerce market is a sub-market of the Pet Supplies market. Further categories within the Pet Supplies market are: Cat Supplies, Dog Supplies, Fish Supplies, Horse Supplies, and Other Pet Supplies.

eCommerce revenue development in the Bird Supplies market in Iceland

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 the Bird Supplies market in Iceland

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$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 83.7 91.2 62.6 57.1 83.2 72.6 94.9 11.8
AOV (in US$) 0.5 0.7 0.6 0.7 0.3 0.7 0.3 0.2
CVR (in %) 42.7 42.3 38.7 50.4 56.9 75.2 56.5 60.8
AOV: Average Order Value CVR: Conversion Rate

Online share

eCommerce online share of the total Bird Supplies market in Iceland

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 Icelandic Bird Supplies retail market, the online share is 5.1% and will increase by an average of 2.5% to 5.7% by 2027.

eCommerce online share of the total Bird Supplies market in Iceland

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 %) 46.4% 81.0% 58.5% 0.5% 25.5% 60.5% 47.2% 65.0%

Market definition

Definition of the Bird Supplies market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Pet Supplies > Bird Supplies The category Bird Supplies includes the online trade of bird food, bird toys, bird cages and aviaries, and more. This category does not cover wild bird supplies (e.g. bird feeders or birdhouses). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Bird food
  • Bird toys
  • Bird cages and aviaries
  • Cage accessories
  • Bird nesting and breeding supplies

Out-of-scope

  • Wild bird supplies (e.g. bird feeders or birdhouses)