eCommerce market in Ethiopia
Market development
eCommerce revenue development in Ethiopia
Ethiopia is one of the smaller markets for eCommerce with a predicted revenue of US$63.2 million by 2024. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 19.3%, resulting in a projected market volume of US$128.0 million by 2028. With an expected increase of 23.2% in 2024, the Ethiopian eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Ethiopia, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Ethiopian eCommerce market. Electronics is the largest market and accounts for 23.6% of the Ethiopian eCommerce revenue. It is followed by Hobby & Leisure with 22.4%, Fashion with 18.7%, Furniture & Homeware with 11.7%, Care Products with 8.4%, DIY with 7.6%, and Grocery with the remaining 7.6%.
eCommerce revenue development in Ethiopia
eCommerce revenue growth in Ethiopia
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 1.8 | 88.3 | 22.3 | 9.8 | 65.5 | 61.6 | 96.8 | 86.3 |
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