eCommerce market in Nepal
Nepal is the 87th largest market for eCommerce with a predicted revenue of US$1,134.3 million by 2023, placing it ahead of Cambodia. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 12.9%, resulting in a projected market volume of US$1,842.4 million by 2027. With an expected increase of 15.1% in 2023, the Nepali eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Nepal, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Nepali eCommerce market. Food & Personal Care is the largest market and accounts for 33.7% of the Nepali eCommerce revenue. It is followed by Electronics & Media with 25.6%, Fashion with 20.1%, Furniture & Appliances with 14.4%, and Toys, Hobby & DIY with the remaining 6.2%.
Market development
eCommerce revenue development in Nepal
Nepal is the 87th largest market for eCommerce with a predicted revenue of US$1,134.3 million by 2023, placing it ahead of Cambodia. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 12.9%, resulting in a projected market volume of US$1,842.4 million by 2027. With an expected increase of 15.1% in 2023, the Nepali eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Nepal, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Nepali eCommerce market. Food & Personal Care is the largest market and accounts for 33.7% of the Nepali eCommerce revenue. It is followed by Electronics & Media with 25.6%, Fashion with 20.1%, Furniture & Appliances with 14.4%, and Toys, Hobby & DIY with the remaining 6.2%.
eCommerce revenue development in Nepal
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 25.7 | 43.4 | 9.3 | 16.5 | 0.3 | 6.8 | 41.5 | 95.6 |
| AOV (in US$) | 17.8 | 30.3 | 17.8 | 90.3 | 59.3 | 11.0 | 89.8 | 23.7 |
| CVR (in %) | 25.7 | 43.4 | 9.3 | 16.5 | 0.3 | 6.8 | 41.5 | 95.6 |
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