eCommerce market in Nicaragua

Nicaragua is one of the smaller markets for eCommerce with a predicted revenue of US$245.1 million by 2024. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 10.8%, resulting in a projected market volume of US$369.9 million by 2028. With an expected increase of 13.7% in 2024, the Nicaraguan eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Nicaragua, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Nicaraguan eCommerce market. Electronics is the largest market and accounts for 23.8% of the Nicaraguan eCommerce revenue. It is followed by Hobby & Leisure with 21.1%, Fashion with 21.1%, Furniture & Homeware with 11.2%, DIY with 8.6%, Care Products with 8.4%, and Grocery with the remaining 5.9%.

Market development

eCommerce revenue development in Nicaragua

Nicaragua is one of the smaller markets for eCommerce with a predicted revenue of US$245.1 million by 2024. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 10.8%, resulting in a projected market volume of US$369.9 million by 2028. With an expected increase of 13.7% in 2024, the Nicaraguan eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Nicaragua, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Nicaraguan eCommerce market. Electronics is the largest market and accounts for 23.8% of the Nicaraguan eCommerce revenue. It is followed by Hobby & Leisure with 21.1%, Fashion with 21.1%, Furniture & Homeware with 11.2%, DIY with 8.6%, Care Products with 8.4%, and Grocery with the remaining 5.9%.

eCommerce revenue development in Nicaragua

in million US$

eCommerce revenue growth in Nicaragua

in %

Net eCommerce revenue split by sub-category

in %
201720182019202020212022202320242025202620272028
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)15.445.91.976.676.837.523.415.4

Online share

eCommerce online share in Nicaragua

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 Nicaraguan retail market, the online share is 6.2% and will increase by an average of 7.0% to 8.2% by 2028.

eCommerce online share in Nicaragua

in %
20202021202220232024202520262027
Online share (in %)82.7%87.6%25.1%69.5%24.0%16.8%8.0%51.5%

Market comparison

The Nicaraguan eCommerce market in a global comparison

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

in %