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 Furniture & Homeware market in Panama
The Panamanian Furniture & Homeware eCommerce market is predicted to reach US$135.8 million by 2023 and accounts for 55.4% of the Furniture & 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 12.8%, resulting in a projected market volume of US$219.7 million by 2027. The Furniture & Homeware eCommerce market is a sub-market of the Furniture & Appliances market. Further categories within the Furniture & Appliances market are: Household Appliances.
eCommerce revenue development in the Furniture & Homeware market in Panama
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 22.7 | 2.7 | 44.4 | 10.8 | 38.5 | 35.7 | 23.3 | 66.8 |
| AOV (in US$) | 22.1 | 66.6 | 14.7 | 31.8 | 33.9 | 28.8 | 58.3 | 88.5 |
| CVR (in %) | 22.7 | 2.7 | 44.4 | 10.8 | 38.5 | 35.7 | 23.3 | 66.8 |
Market definition
Definition of the Furniture & Homeware market within the Furniture & Appliances market
Market definition: Furniture & Appliances > Furniture & Homeware The category Furniture & Homeware centers on the commercial online sale of different movable commodities designed to support various day-to-day actions and functions, such as seating (e.g., chairs and sofas), sleeping (e.g., beds and mattresses), holding and storing objects (e.g., closets and dressers), in both B2C (business to consumer) and B2B (business to business) contexts. Unmovable household objects (e.g., sinks, faucets) and electronic household appliances are excluded. Although furniture sometimes has a decorative, symbolic, or religious purpose, the focus here is on furniture with a primarily functional purpose, and the market is segmented accordingly. Important providers in this market segment are the online stores wayfair.com and ikea.com. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Seats and sofas
- Beds and mattresses
- Tables and shelves
- Rugs, lamps, and lighting
- Other furniture made of various materials
Out-of-scope
- Baths, sinks, faucets, and other unmovable objects
- Consumer electronics
- Household appliances
- Other household textiles
Select sub-market
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- Beds *
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- Electric Kettles *
- Grills & Roasters *
- Hair Dryers *
- Irons *
- Microwave Ovens *
- Toasters *
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* Not available for the selected country