Hobby & Leisure market in Norway

The Norwegian Hobby & Leisure eCommerce market is predicted to reach US$862.9 million by 2024 and accounts for 11.5% of the total eCommerce market in Norway. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -1.8%, resulting in a projected market volume of US$802.7 million by 2028. Within the Hobby & Leisure market ECDB considers the following twelve sub-markets: Sports Equipment, Media, Pet Supplies, Toys, Stationery, Crafts & Art Supplies, Bullion & Precious Metal, Camping & Adventure, Musical Instruments, Flowers & Gifts, Erotic & Adult, Other Hobby & Leisure, and Smoking Supplies.

Monthly revenues

Monthly eCommerce revenues in the Norwegian Bullion & Precious Metal market

The monthly eCommerce revenue of the Norwegian Bullion & Precious Metal market was US$4 million in November 2024. This refers to a growth of 15.0% compared to October 2024. Within the last 12 months, the monthly revenue share was the highest in April 2024 with 9.3% of the total 2024 revenue of the Norwegian Bullion & Precious Metal market and the lowest in September 2024 with 6.3% of the total 2024 revenue.

Revenue Last Month

US$3.6m

The eCommerce revenue grew by 15.0% from October 2024 to November 2024.

11-2024+15.0%

Monthly revenue shares in the last 12 months

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

0-20241-20242-20243-20244-20245-20246-20247-20248-20249-202410-202411-2024
Revenue (in mUS$)0.00.00.00.00.00.00.00.00.00.00.00.0
Monthly revenue share (in %)0.264.746.021.858.086.256.74.24.178.587.361.9

Market development

eCommerce revenue development in the Bullion & Precious Metal market in Norway

The Norwegian Bullion & Precious Metal eCommerce market is predicted to reach US$41.2 million by 2024 and accounts for 4.8% of the Hobby & Leisure eCommerce market in Norway. 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 3.3%, resulting in a projected market volume of US$47.0 million by 2028. The Bullion & Precious Metal eCommerce market is a sub-market of the Hobby & Leisure market. Further categories within the Hobby & Leisure market are: Camping & Adventure, Erotic & Adult, Flowers & Gifts, Media, Musical Instruments, Other Hobby & Leisure, Pet Supplies, Smoking Supplies, Sports Equipment, Stationery, Crafts & Art Supplies, and Toys.

eCommerce revenue development in the Bullion & Precious Metal market in Norway

in million US$

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 Bullion & Precious Metal market in Norway

in %

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

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)49.747.027.274.451.282.450.72.1

Online share

eCommerce online share of the total Bullion & Precious Metal market in Norway

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 Norwegian Bullion & Precious Metal retail market, the online share is 12.7% and will increase by an average of 8.5% to 17.6% by 2028.

eCommerce online share of the total Bullion & Precious Metal market in Norway

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)62.3%24.1%10.6%7.8%85.6%28.3%55.6%57.8%

Top stores

Top five Bullion & Precious Metal online stores in Norway by net sales 2023

With sales in the Norwegian Bullion & Precious Metal market, skanfil.no generated a revenue of US$1.7 million in 2023, which means it is the leading online store in this market. The Bullion & Precious Metal ranking of Norway is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The graph shows a filtered revenue. It only includes national sales within the respective market.

eCommerce net sales generated in the Bullion & Precious Metal market in Norway in 2023

in million US$

Note: First party net sales generated after deduction of returns, allowances for damaged or missing goods and any discounts allowed

Source: Annual report, secondary sources, ECDB analysis

Filtered revenue / share
Global revenue
Growth
no-access-0
US$900.0m
20.7%
US$8,300.0m8.3%
no-access-1
US$550.0m
12.0%
US$4,600.0m12.4%
no-access-2
US$470.0m
3.9%
US$1,190.0m33.6%
no-access-3
US$430.0m
20.6%
US$2,122.0m18.0%
no-access-4
US$370.0m
20.7%
US$1,814.0m12.6%

See further stores

Worldwide - Bullion & Precious Metal Norway - Bullion & Precious Metal Norway - All Categories

Market definition

Definition of the Bullion & Precious Metal market within the Hobby & Leisure market

Market definition: Hobby & Leisure > Bullion & Precious Metal In the category Bullion & Precious Metal digital channels are used to sell a variety of products, including bars and coins made out of gold, silver, platinum or palladium and storage solutions. Not part of the category are jewelry and watches and precious metal investment services. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Bars and coins made out of gold, silver, platinum or palladium
  • Storage solutions

Out-of-scope

  • Jewelry and watches
  • Precious metal investment services