Furniture & Homeware market in Lithuania
The Lithuanian Furniture & Homeware eCommerce market is predicted to reach US$118.2 million by 2023 and accounts for 11.7% of the total eCommerce market in Lithuania. 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 7.3%, resulting in a projected market volume of US$156.5 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 Furniture market in Lithuania
The Lithuanian Furniture eCommerce market is predicted to reach US$78.7 million by 2023 and accounts for 66.5% of the Furniture & Homeware eCommerce market in Lithuania. 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$102.3 million by 2027. The Furniture eCommerce market is a sub-market of the Furniture & Homeware market. Further categories within the Furniture & Homeware market are: Homeware.
eCommerce revenue development in the Furniture market in Lithuania
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Furniture market in Lithuania
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 8.9 | 82.0 | 3.0 | 81.9 | 84.6 | 95.6 | 14.0 | 97.2 |
AOV (in US$) | 75.3 | 77.3 | 20.5 | 15.0 | 93.5 | 49.1 | 53.6 | 0.2 |
CVR (in %) | 8.9 | 82.0 | 3.0 | 81.9 | 84.6 | 95.6 | 14.0 | 97.2 |
Top stores
Top five Furniture online stores in Lithuania by net sales 2022
With sales in the Lithuanian Furniture market, ikea.lt generated a revenue of US$13.0 million in 2022, which means it is the leading online store in this market. The Furniture ranking of Lithuania is based on all online stores that generated sales in this market in 2022. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.
eCommerce net sales generated in the Furniture market in Lithuania in 2022
Note: First party net sales generated after deduction of returns, allowances for damaged or missing goods and any discounts allowed
Source: Annual report, secondary sources, ECDB analysis
Filtered revenue / share
eCommerce net sales refer to the year 2022
|
Global revenue
eCommerce net sales refer to the year 2022
|
Growth
eCommerce net sales growth refers to 2022/2021
| |
---|---|---|---|
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% |
See further stores
Market definition
Definition of the Furniture market within the Furniture & Homeware market
Market definition: Furniture & Homeware > Furniture The category Furniture includes the online trade of kitchen furniture, bathroom furniture, livingroom furniture, and more. Online stores dedicated to the sale of unmovable objects (e.g. sinks, bath tubs, faucets) and furniture assembly services are not considered. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Kitchen furniture
- Bathroom furniture
- Livingroom furniture
- Bedroom furniture
- Dining room furniture
- Home office furniture
- Outdoor furniture
Out-of-scope
- Unmovable objects (e.g. sinks, bath tubs, faucets)
- Furniture assembly services
Select sub-category