eCommerce market in North Macedonia
North Macedonia is one of the smaller markets for eCommerce with a predicted revenue of US$447.7 million by 2023. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 12.1%, resulting in a projected market volume of US$706.8 million by 2027. With an expected increase of 19.8% in 2023, the Macedonian eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in North Macedonia, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Macedonian eCommerce market. Food & Personal Care is the largest market and accounts for 25.4% of the Macedonian eCommerce revenue. It is followed by Electronics & Media with 25.0%, Fashion with 23.1%, Furniture & Appliances with 17.5%, and Toys, Hobby & DIY with the remaining 9.0%.
Market development
eCommerce revenue development in North Macedonia
North Macedonia is one of the smaller markets for eCommerce with a predicted revenue of US$447.7 million by 2023. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 12.1%, resulting in a projected market volume of US$706.8 million by 2027. With an expected increase of 19.8% in 2023, the Macedonian eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in North Macedonia, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Macedonian eCommerce market. Food & Personal Care is the largest market and accounts for 25.4% of the Macedonian eCommerce revenue. It is followed by Electronics & Media with 25.0%, Fashion with 23.1%, Furniture & Appliances with 17.5%, and Toys, Hobby & DIY with the remaining 9.0%.
eCommerce revenue development in North Macedonia
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 73.9 | 85.6 | 45.8 | 97.0 | 80.8 | 9.7 | 81.5 | 95.2 |
| AOV (in US$) | 80.1 | 94.8 | 23.7 | 62.9 | 17.2 | 61.6 | 21.6 | 62.7 |
| CVR (in %) | 73.9 | 85.6 | 45.8 | 97.0 | 80.8 | 9.7 | 81.5 | 95.2 |
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