eCommerce market in Turkmenistan

Turkmenistan is the 97th largest market for eCommerce with a predicted revenue of US$327.9 million by 2024, placing it ahead of Senegal. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 11.1%, resulting in a projected market volume of US$498.9 million by 2028. With an expected increase of 13.5% in 2024, the Turkmen eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Turkmenistan, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Turkmen eCommerce market. Electronics is the largest market and accounts for 23.1% of the Turkmen eCommerce revenue. It is followed by Hobby & Leisure with 23.1%, Fashion with 18.4%, Furniture & Homeware with 12.0%, Care Products with 8.9%, DIY with 8.3%, and Grocery with the remaining 6.2%.

Market development

eCommerce revenue development in Turkmenistan

Turkmenistan is the 97th largest market for eCommerce with a predicted revenue of US$327.9 million by 2024, placing it ahead of Senegal. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 11.1%, resulting in a projected market volume of US$498.9 million by 2028. With an expected increase of 13.5% in 2024, the Turkmen eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Turkmenistan, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Turkmen eCommerce market. Electronics is the largest market and accounts for 23.1% of the Turkmen eCommerce revenue. It is followed by Hobby & Leisure with 23.1%, Fashion with 18.4%, Furniture & Homeware with 12.0%, Care Products with 8.9%, DIY with 8.3%, and Grocery with the remaining 6.2%.

eCommerce revenue development in Turkmenistan

in million US$

eCommerce revenue growth in Turkmenistan

in %

Net eCommerce revenue split by sub-category

in %
201720182019202020212022202320242025202620272028
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)58.917.432.094.974.827.452.155.7

Online share

eCommerce online share in Turkmenistan

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Turkmen retail market, the online share is 3.4% and will increase by an average of 2.5% to 3.7% by 2028.

eCommerce online share in Turkmenistan

in %
20202021202220232024202520262027
Online share (in %)45.6%71.1%17.5%77.4%26.6%8.8%93.5%53.7%

Market comparison

The Turkmen eCommerce market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %