Furniture & Homeware market in Nicaragua
The Nicaraguan Furniture & Homeware eCommerce market is predicted to reach US$79.5 million by 2023 and accounts for 10.8% 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 4.7%, resulting in a projected market volume of US$95.6 million by 2027. Within the Furniture & Homeware market ECDB considers the following two sub-markets: Furniture and Homeware.
Market development
eCommerce revenue development in the Furniture market in Nicaragua
The Nicaraguan Furniture eCommerce market is predicted to reach US$49.4 million by 2023 and accounts for 62.1% of the Furniture & Homeware 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 5.1%, resulting in a projected market volume of US$60.3 million by 2027. The Furniture eCommerce market is a sub-market of the Furniture & Homeware market. Further categories within the Furniture & Homeware market are: Homeware.
eCommerce revenue development in the Furniture market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
eCommerce revenue growth in the Furniture market in Nicaragua
Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.
Source: ECDB analysis
Net eCommerce revenue split by sub-category
Note: Data shown is using current exchange rates.
Source: ECDB analysis
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 55.0 | 89.0 | 1.4 | 79.6 | 75.1 | 96.6 | 1.7 | 93.1 |
| AOV (in US$) | 33.7 | 57.5 | 79.9 | 32.8 | 40.8 | 12.5 | 21.1 | 73.4 |
| CVR (in %) | 55.0 | 89.0 | 1.4 | 79.6 | 75.1 | 96.6 | 1.7 | 93.1 |
Market definition
Definition of the Furniture market within the Furniture & Homeware market
Market definition: Furniture & Homeware > Furniture The category Furniture includes the online trade of kitchen furniture, bathroom furniture, livingroom furniture, and more. Online stores dedicated to the sale of unmovable objects (e.g. sinks, bath tubs, faucets) and furniture assembly services are not considered. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Kitchen furniture
- Bathroom furniture
- Livingroom furniture
- Bedroom furniture
- Dining room furniture
- Home office furniture
- Outdoor furniture
Out-of-scope
- Unmovable objects (e.g. sinks, bath tubs, faucets)
- Furniture assembly services
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