Electronics market in Nicaragua

The Nicaraguan Electronics eCommerce market is predicted to reach US$193.8 million by 2023 and accounts for 26.4% of the total eCommerce market in Nicaragua. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 1.0%, resulting in a projected market volume of US$201.5 million by 2027. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.

Market development

eCommerce revenue development in the Cameras market in Nicaragua

The Nicaraguan Cameras eCommerce market is predicted to reach US$10.4 million by 2023 and accounts for 7.5% of the Consumer Electronics eCommerce market in Nicaragua. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2023-2027) will be -5.8%, resulting in a projected market volume of US$8.2 million by 2027. The Cameras eCommerce market is a sub-market of the Consumer Electronics market. Further categories within the Consumer Electronics market are: Audio, Computing, Fitness Trackers, Game Consoles, Other Consumer Electronics, Printers & Scanners, TV & Video, and Telecommunications.

eCommerce revenue development in the Cameras market in Nicaragua

in million US$

eCommerce revenue growth in the Cameras market in Nicaragua

in %

Net eCommerce revenue split by sub-category

in %
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 %) 27.5 2.2 20.6 99.9 32.7 19.8 52.1 68.5

Online share

eCommerce online share of the total Cameras market 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 Cameras retail market, the online share is 37.1% and will increase by an average of 4.4% to 44.1% by 2027.

eCommerce online share of the total Cameras market in Nicaragua

in %
2020 2021 2022 2023 2024 2025 2026 2027
Online share (in %) 55.2% 79.8% 14.7% 32.5% 72.1% 55.7% 15.2% 77.7%

Market definition

Definition of the Cameras market within the Electronics market

Market definition: Electronics > Consumer Electronics > Cameras The category Cameras includes the online trade of digital cameras (e.g. compact digital cameras, slr cameras, mirrorless cameras), lenses (e.g. interchangeable camera lenses, specialty lenses) and action cameras (e.g. gopro, dji, insta360). This category does not cover webcams, drones or camera software and apps. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Digital Cameras (e.g. compact digital cameras, SLR cameras, mirrorless cameras)
  • Lenses (e.g. interchangeable camera lenses, specialty lenses)
  • Action Cameras (e.g. GoPro, DJI, Insta360)

Out-of-scope

  • Webcams
  • Drones
  • Camera software and apps