eCommerce market in Slovakia

Slovakia is the 61st largest market for eCommerce with a predicted revenue of US$2,673.0 million by 2023, placing it ahead of Uruguay. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 10.1%, resulting in a projected market volume of US$3,927.3 million by 2027. With an expected increase of 22.4% in 2023, the Slovakian eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Slovakia, global eCommerce sales are expected to increase over the next years. Five markets are considered by ecommerceDB within the Slovakian eCommerce market. Electronics & Media is the largest market and accounts for 29.3% of the Slovakian eCommerce revenue. It is followed by Fashion with 27.9%, Food & Personal Care with 20.0%, Furniture & Appliances with 12.4%, and Toys, Hobby & DIY with the remaining 10.4%.

The biggest player in the Slovakian eCommerce market is alza.sk. The store had a revenue of US$554.5 million in 2021. alza.sk is followed by mall.sk and ikea.com as the second- and third-largest stores with US$75.8 million and US$53.2 million, respectively. Altogether, the top three stores account for 37.5% of the top 100 online stores' revenue in Slovakia. Store rankings include every store that generates revenue in Slovakia. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in Slovakia was considered.