Hobby & Leisure market in Sri Lanka

The Sri Lankan Hobby & Leisure eCommerce market is predicted to reach US$442.8 million by 2023 and accounts for 23.6% of the total eCommerce market in Sri Lanka. 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 13.9%, resulting in a projected market volume of US$746.0 million by 2027. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Media, Sports Equipment, Stationery, Crafts & Art Supplies, Toys, Pet Supplies, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Other Hobby & Leisure, Erotic & Adult, and Smoking Supplies.

Market development

eCommerce revenue development in the Bullion & Precious Metal market in Sri Lanka

The Sri Lankan Bullion & Precious Metal eCommerce market is predicted to reach US$24.3 million by 2023 and accounts for 5.5% of the Hobby & Leisure eCommerce market in Sri Lanka. 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 21.2%, resulting in a projected market volume of US$52.3 million by 2027. The Bullion & Precious Metal eCommerce market is a sub-market of the Hobby & Leisure market. Further categories within the Hobby & Leisure market are: Camping & Adventure, Erotic & Adult, Flowers & Gifts, Media, Musical Instruments, Other Hobby & Leisure, Pet Supplies, Smoking Supplies, Sports Equipment, Stationery, Crafts & Art Supplies, and Toys.

eCommerce revenue development in the Bullion & Precious Metal market in Sri Lanka

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 Bullion & Precious Metal market in Sri Lanka

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$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 16.1 43.2 76.2 53.3 7.1 61.4 46.3 88.4
AOV (in US$) 71.6 8.7 31.2 63.1 16.9 4.2 88.4 94.0
CVR (in %) 16.1 43.2 76.2 53.3 7.1 61.4 46.3 88.4
AOV: Average Order Value CVR: Conversion Rate

Online share

eCommerce online share of the total Bullion & Precious Metal market in Sri Lanka

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 Sri Lankan Bullion & Precious Metal retail market, the online share is 3.0% and will increase by an average of 9.1% to 4.3% by 2027.

eCommerce online share of the total Bullion & Precious Metal market in Sri Lanka

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 %) 13.4% 82.9% 96.3% 88.6% 3.5% 38.8% 90.2% 29.8%

Market definition

Definition of the Bullion & Precious Metal market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Bullion & Precious Metal In the category Bullion & Precious Metal digital channels are used to sell a variety of products, including bars and coins made out of gold, silver, platinum or palladium and storage solutions. Not part of the category are jewelry and watches and precious metal investment services. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Bars and coins made out of gold, silver, platinum or palladium
  • Storage solutions

Out-of-scope

  • Jewelry and watches
  • Precious metal investment services