eCommerce market in Benin
Market development
eCommerce revenue development in Benin
Benin is one of the smaller markets for eCommerce with a predicted revenue of US$127.9 million by 2024. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 13.0%, resulting in a projected market volume of US$208.2 million by 2028. With an expected increase of 16.4% in 2024, the Beninese eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Benin, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Beninese eCommerce market. Hobby & Leisure is the largest market and accounts for 23.5% of the Beninese eCommerce revenue. It is followed by Electronics with 23.2%, Fashion with 19.4%, Furniture & Homeware with 11.5%, Care Products with 8.7%, DIY with 8.2%, and Grocery with the remaining 5.6%.
eCommerce revenue development in Benin
eCommerce revenue growth in Benin
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 56.8 | 4.1 | 10.8 | 17.3 | 39.7 | 73.7 | 62.5 | 23.7 |
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