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

in million US$, in %

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
AOV: Average Order Value CVR: Conversion Rate