eCommerce market in North Macedonia
North Macedonia is the 78th largest market for eCommerce with a predicted revenue of US$686.9 million by 2024, placing it ahead of Nepal. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 5.9%, resulting in a projected market volume of US$864.7 million by 2028. With an expected increase of 7.6% in 2024, the Macedonian eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in North Macedonia, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Macedonian eCommerce market. Hobby & Leisure is the largest market and accounts for 26.9% of the Macedonian eCommerce revenue. It is followed by Electronics with 20.5%, Fashion with 16.8%, Furniture & Homeware with 11.7%, Care Products with 9.5%, DIY with 8.9%, and Grocery with the remaining 5.7%.
Market development
eCommerce revenue development in North Macedonia
North Macedonia is the 78th largest market for eCommerce with a predicted revenue of US$686.9 million by 2024, placing it ahead of Nepal. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 5.9%, resulting in a projected market volume of US$864.7 million by 2028. With an expected increase of 7.6% in 2024, the Macedonian eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in North Macedonia, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Macedonian eCommerce market. Hobby & Leisure is the largest market and accounts for 26.9% of the Macedonian eCommerce revenue. It is followed by Electronics with 20.5%, Fashion with 16.8%, Furniture & Homeware with 11.7%, Care Products with 9.5%, DIY with 8.9%, and Grocery with the remaining 5.7%.
eCommerce revenue development in North Macedonia
eCommerce revenue growth in North Macedonia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 46.2 | 70.3 | 48.6 | 28.8 | 59.5 | 3.1 | 89.5 | 39.2 |
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