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 Small Kitchen Appliances market in Panama
The Panamanian Small Kitchen Appliances eCommerce market is predicted to reach US$15.3 million by 2023 and accounts for 47.8% of the Small 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 14.6%, resulting in a projected market volume of US$26.3 million by 2027. The Small Kitchen Appliances eCommerce market is a sub-market of the Small Appliances market. Further categories within the Small Appliances market are: Coffee Machines, Electric Kettles, Grills & Roasters, Hair Clippers, Hair Dryers, Irons, Microwave Ovens, Toasters, and Vacuum Cleaners.
eCommerce revenue development in the Small Kitchen Appliances market in Panama
Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war
Source: Statista Market Insights, ecommerceDB
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
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Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 66.9 | 33.1 | 1.3 | 41.1 | 66.4 | 39.2 | 82.4 | 84.1 |
AOV (in US$) | 96.9 | 7.4 | 29.4 | 3.7 | 80.8 | 40.2 | 7.0 | 38.9 |
CVR (in %) | 66.9 | 33.1 | 1.3 | 41.1 | 66.4 | 39.2 | 82.4 | 84.1 |
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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