Electronics market in Belize
The Belizean Electronics eCommerce market is predicted to reach US$7.6 million by 2024 and accounts for 23.7% of the total eCommerce market in Belize. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.3%, resulting in a projected market volume of US$8.7 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
Market development
eCommerce revenue development in the Electronics market in Belize
The Belizean Electronics eCommerce market is predicted to reach US$7.6 million by 2024 and accounts for 23.7% of the total eCommerce market in Belize. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.3%, resulting in a projected market volume of US$8.7 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.
eCommerce revenue development in the Electronics market in Belize
eCommerce revenue growth in the Electronics market in Belize
Net eCommerce revenue split by sub-category
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
Growth (in %) | 14.0 | 16.8 | 58.6 | 14.5 | 25.2 | 70.3 | 97.6 | 17.1 |
Market definition
Definition of the Electronics market
Market definition: Electronics The category Electronics covers the sale of consumer electronics (e.g. computers, smartphones, TVs, headphones, game consoles) and appliances (e.g. refrigerators, washing machines, vacuum cleaners, coffee machines, hair dryers, electric toothbrushes) via digital channels. Online stores dedicated to the sale of mobile contracts and tariffs, set-up and installation services or software are not considered. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Consumer Electronics (e.g. computers, smartphones, TVs, headphones, game consoles)
- Appliances (e.g. refrigerators, washing machines, vacuum cleaners, coffee machines, hair dryers, electric toothbrushes)
Out-of-scope
- Mobile contracts and tariffs
- Set-up and installation services
- Software
- Car electronics (e.g. navigation systems, car entertainment systems, dashcams)
- Power tools
Market comparison
The Belizean Electronics market in a global comparison
Market comparison by growth, online share, and revenue in 2023
Select sub-category
- Hifi Equipment *
- Other Loudspeakers *
- Other Audio *
- Action Cameras *
- Other Cameras *
- Other Computing *
- Fitness Trackers *
- Game Console Accessories *
- Game Console Devices *
- Cartridges & Toners *
- Scanners *
- Other Printers & Scanners *
- Cases & Accessories *
- Smartwatches *
- Media Boxes & Sticks *
- Other TV & Video *
- Electric Toothbrushes *
- Hair Dryers *
- Shavers *
- Other Personal Care Appliances *
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