eCommerce market in Lithuania
Lithuania is the 68th largest market for eCommerce with a predicted revenue of US$1,016.9 million by 2024, placing it ahead of Serbia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 3.8%, resulting in a projected market volume of US$1,182.5 million by 2028. With an expected increase of 5.1% in 2024, the Lithuanian eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Lithuania, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Lithuanian eCommerce market. Hobby & Leisure is the largest market and accounts for 26.7% of the Lithuanian eCommerce revenue. It is followed by Electronics with 20.3%, Fashion with 16.8%, Furniture & Homeware with 11.7%, Care Products with 9.5%, DIY with 9.1%, and Grocery with the remaining 5.9%.
Monthly revenues
Monthly revenues in the Lithuanian eCommerce market
The monthly eCommerce revenue of the Lithuanian eCommerce market was US$95 million in November 2024. This refers to a growth of 5.9% compared to October 2024. Within the last 12 months, the monthly revenue share was the highest in December 2023 with 9.7% of the total 2023 revenue of the Lithuanian eCommerce market and the lowest in July 2024 with 7.0% of the total 2024 revenue.
Revenue Last Month
US$95.0m
The eCommerce revenue grew by 5.9% from October 2024 to November 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Monthly revenue share (in %) | 70.8 | 59.4 | 49.9 | 3.6 | 16.0 | 29.6 | 37.8 | 27.1 | 35.3 | 7.1 | 50.5 | 15.2 |
Market development
eCommerce revenue development in Lithuania
Lithuania is the 68th largest market for eCommerce with a predicted revenue of US$1,016.9 million by 2024, placing it ahead of Serbia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 3.8%, resulting in a projected market volume of US$1,182.5 million by 2028. With an expected increase of 5.1% in 2024, the Lithuanian eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Lithuania, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Lithuanian eCommerce market. Hobby & Leisure is the largest market and accounts for 26.7% of the Lithuanian eCommerce revenue. It is followed by Electronics with 20.3%, Fashion with 16.8%, Furniture & Homeware with 11.7%, Care Products with 9.5%, DIY with 9.1%, and Grocery with the remaining 5.9%.
eCommerce revenue development in Lithuania
eCommerce revenue growth in Lithuania
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 12.4 | 81.6 | 57.0 | 11.3 | 2.9 | 66.4 | 20.3 | 69.6 |
Top stores
Top five online stores in Lithuania by net sales 2023
The biggest player in the Lithuanian eCommerce market is pigu.lt. The store had a revenue of US$128.9 million in 2023. Store rankings include every store that generates revenue in Lithuania. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in Lithuania was considered.
eCommerce net sales generated in Lithuania in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Lithuanian eCommerce market
The Lithuanian eCommerce market in 2023 in terms of offered payment methods is fragmented and highly competitive with Bank transfer/cash in advance (Bank transfer) covering the largest share with 73.1% of all online stores checked. Other offered payment methods in the Lithuanian eCommerce market in 2023 are Cash on delivery (Cash on delivery) with 65.5%, VISA (Cards) with 62.0%, and Mastercard (Cards) with 61.4%. With 49.1% Invoice (unknown) still has a considerable market share amongst the offered payment methods compared to Bank transfer/cash in advance (Bank transfer).
Top 5 offered payment methods in the Lithuanian eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Lithuanian eCommerce market
Despite DPD's dominant position with 54.1% of online stores opting for its services, the Lithuanian eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including Lietuvos Paštas, Omniva, Venipak, and Itella, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Lithuanian eCommerce market
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