Furniture & Appliances market in Panama

The Panamanian Furniture & Appliances eCommerce market is predicted to reach US$245.2 million by 2023 and accounts for 14.8% of the total eCommerce market in Panama. 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 13.9%, resulting in a projected market volume of US$412.4 million by 2027. Within the Furniture & Appliances market ecommerceDB considers the following two sub-markets: Furniture & Homeware and Household Appliances.

Market development

eCommerce revenue development in the Dishwashing Machines market in Panama

The Panamanian Dishwashing Machines eCommerce market is predicted to reach US$7.2 million by 2023 and accounts for 13.5% of the Major Appliances eCommerce market in Panama. 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 15.4%, resulting in a projected market volume of US$12.7 million by 2027. The Dishwashing Machines eCommerce market is a sub-market of the Major Appliances market. Further categories within the Major Appliances market are: Cookers & Ovens, Freezers, Refrigerators, and Washing Machines.

eCommerce revenue development in the Dishwashing Machines market in Panama

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$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV (in US$) 58.7 97.4 29.4 33.1 17.1 88.0 68.1 53.1
CVR (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV: Average Order Value CVR: Conversion Rate

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