Electronics market in Mongolia
The Mongolian Electronics eCommerce market is predicted to reach US$56.4 million by 2024 and accounts for 23.1% of the total eCommerce market in Mongolia. 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 24.4%, resulting in a projected market volume of US$135.3 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 Refrigerators market in Mongolia
The Mongolian Refrigerators eCommerce market is predicted to reach US$4.0 million by 2024 and accounts for 25.3% of the Household Appliances eCommerce market in Mongolia. 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 23.5%, resulting in a projected market volume of US$9.3 million by 2028. The Refrigerators eCommerce market is a sub-market of the Household Appliances market. Further categories within the Household Appliances market are: Cookers & Ovens, Dishwashers, Other Household Appliances, Small Kitchen Appliances, Vacuum Cleaners, and Washing Machines.
eCommerce revenue development in the Refrigerators market in Mongolia
eCommerce revenue growth in the Refrigerators market in Mongolia
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 39.1 | 14.9 | 52.6 | 23.0 | 32.0 | 77.1 | 72.9 | 77.2 |
Market definition
Definition of the Refrigerators market within the Electronics market
Market definition: Electronics > Electrical Appliances > Household Appliances > Refrigerators The category Refrigerators includes the online trade of french door refrigerators, top-freezer refrigerators, bottom-freezer refrigerators, and more. This category does not cover freezers and commercial and industrial refrigerators. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- French door refrigerators
- Top-freezer refrigerators
- Bottom-freezer refrigerators
- Side-by-side refrigerators
- Counter-depth refrigerators
- Compact refrigerators
- Wine refrigerators and beverage centers
Out-of-scope
- Freezers
- Commercial and industrial refrigerators
Market comparison
The Mongolian Refrigerators market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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