eCommerce market in Bolivia
Bolivia is the 76th largest market for eCommerce with a predicted revenue of US$696.6 million by 2024, placing it ahead of Latvia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 8.3%, resulting in a projected market volume of US$958.1 million by 2028. With an expected increase of 10.5% in 2024, the Bolivian eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Bolivia, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Bolivian eCommerce market. Electronics is the largest market and accounts for 25.6% of the Bolivian eCommerce revenue. It is followed by Fashion with 22.1%, Hobby & Leisure with 20.9%, Furniture & Homeware with 11.4%, DIY with 8.1%, Care Products with 7.7%, and Grocery with the remaining 4.3%.
Market development
eCommerce revenue development in Bolivia
Bolivia is the 76th largest market for eCommerce with a predicted revenue of US$696.6 million by 2024, placing it ahead of Latvia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 8.3%, resulting in a projected market volume of US$958.1 million by 2028. With an expected increase of 10.5% in 2024, the Bolivian eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Bolivia, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Bolivian eCommerce market. Electronics is the largest market and accounts for 25.6% of the Bolivian eCommerce revenue. It is followed by Fashion with 22.1%, Hobby & Leisure with 20.9%, Furniture & Homeware with 11.4%, DIY with 8.1%, Care Products with 7.7%, and Grocery with the remaining 4.3%.
eCommerce revenue development in Bolivia
eCommerce revenue growth in Bolivia
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 88.8 | 74.2 | 15.1 | 34.7 | 89.7 | 86.3 | 6.9 | 78.8 |
Market comparison
The Bolivian eCommerce market in a global comparison
Market comparison by growth, online share, and revenue in 2023
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