eCommerce market in Nepal
Market development
eCommerce revenue development in Nepal
Nepal is the 79th largest market for eCommerce with a predicted revenue of US$679.7 million by 2024, placing it ahead of Bosnia and Herzegovina. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 3.2%, resulting in a projected market volume of US$771.2 million by 2028. With an expected increase of 5.3% in 2024, the Nepali eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Nepal, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Nepali eCommerce market. Electronics is the largest market and accounts for 23.5% of the Nepali eCommerce revenue. It is followed by Hobby & Leisure with 20.9%, Fashion with 18.7%, Furniture & Homeware with 11.7%, Grocery with 9.1%, Care Products with 8.3%, and DIY with the remaining 7.7%.
eCommerce revenue development in Nepal
eCommerce revenue growth in Nepal
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 20.6 | 98.1 | 34.0 | 83.4 | 76.0 | 23.5 | 40.3 | 98.4 |
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