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 Seats & Sofas market in Panama
The Panamanian Seats & Sofas eCommerce market is predicted to reach US$19.8 million by 2023 and accounts for 41.0% of the Living-Room & Dining-Room Furniture 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 13.4%, resulting in a projected market volume of US$32.7 million by 2027. The Seats & Sofas eCommerce market is a sub-market of the Living-Room & Dining-Room Furniture market. Further categories within the Living-Room & Dining-Room Furniture market are: Living & Dining Room, and Other Living-Room & Dining-Room Furniture.
eCommerce revenue development in the Seats & Sofas market in Panama
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
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Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 59.2 | 78.5 | 32.3 | 24.6 | 55.7 | 12.1 | 12.6 | 75.2 |
AOV (in US$) | 13.4 | 32.7 | 13.6 | 2.7 | 61.4 | 60.7 | 95.5 | 36.8 |
CVR (in %) | 59.2 | 78.5 | 32.3 | 24.6 | 55.7 | 12.1 | 12.6 | 75.2 |
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- Beds *
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- Electric Kettles *
- Grills & Roasters *
- Hair Dryers *
- Irons *
- Microwave Ovens *
- Toasters *
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