Electronics market in Montenegro

The Montenegrin Electronics eCommerce market is predicted to reach US$22.1 million by 2024 and accounts for 20.6% of the total eCommerce market in Montenegro. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 1.7%, resulting in a projected market volume of US$23.6 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.

Market development

eCommerce revenue development in the Cartridges & Toners market in Montenegro

The Montenegrin Cartridges & Toners eCommerce market is predicted to reach US$0.2 million by 2024 and accounts for 35.8% of the Printers & Scanners eCommerce market in Montenegro. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 4.2%, resulting in a projected market volume of US$0.3 million by 2028. The Cartridges & Toners eCommerce market is a sub-market of the Printers & Scanners market. Further categories within the Printers & Scanners market are: Other Printers & Scanners, Printers, and Scanners.

eCommerce revenue development in the Cartridges & Toners market in Montenegro

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 Cartridges & Toners market in Montenegro

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

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)80.512.443.079.44.355.255.081.2

Online share

eCommerce online share of the total Cartridges & Toners market in Montenegro

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 Montenegrin Cartridges & Toners retail market, the online share is 35.1% and will increase by an average of 11.4% to 54.0% by 2028.

eCommerce online share of the total Cartridges & Toners market in Montenegro

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)2.3%47.2%47.4%47.3%32.4%23.8%16.7%23.0%

Market definition

Definition of the Cartridges & Toners market within the Electronics market

Market definition: Electronics > Consumer Electronics > Printers & Scanners > Cartridges & Toners The category Cartridges & Toners includes the online trade of ink cartridges, toner cartridges, compatible and remanufactured cartridges, and more. This category does not cover scanners, cartridges and toners or printer and scanner accessories. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Ink cartridges
  • Toner cartridges
  • Compatible and remanufactured cartridges
  • Ink and toner refill kits
  • Printheads
  • Thermal printer cartridges

Out-of-scope

  • Scanners
  • Cartridges and toners
  • Printer and scanner accessories

Market comparison

The Montenegrin Cartridges & Toners market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis

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