Last year, global ecommerce sales amounted to over $4.9 trillion worldwide. Much of the growth for the industry has been triggered by an increase in internet and smartphone penetration. Source: Eurostat (isoc_ec_ib20) and (isoc_ec_ibuy) *Until Brexit. Another report by the consulting firm McKinsey, states that this value could well go up to 75 billion dollars by . In 2020 alone the revenue from the eCommerce Market is expected to exceed 2.7 billion U.S. Dollar. In 2020, ecommerce within Europe has kept on growing. China is the world's biggest e-commerce market, led by e-commerce subsidiaries of the Alibaba group - Taobao, Alibaba.com and Tmall. China. Perhaps even Japan's eCommerce ranking may change, but only time will tell. But in 2020, consumers went all in; in the United Kingdom, for example, e-commerce growth leapt nearly fivefold. In MENA, the estimated e-commerce sales in 2021 are about $49 billion. The total worth of European ecommerce grew to 757 billion euros. Today, e-commerce is a $2.2 trillion market, and it is expanding at an annual growth rate of 24%, four times faster than the global retail sector as a whole. The last few years of explosive ecommerce growth have intensified the need for B2B businesses to shift their focus online. However, in a country as large as Canada, getting purchases to consumers quickly and affordably isn't always easy, especially in more sparsely populated or remote areas. In 2022, sales are expected to rise further, to $5.54 trillion. Korea 80.56% 3. Ecommerce Customers in Spain. China 3. In parts of Southeast Asia and Latin America, for example, e-commerce could grow 17% and 20%, respectively, over the next five years and compound annually. India 4. It is expected that China will exceed $1 trillion in retail e-commerce sales by 2018. Calculated by comparing U.S. E-Commerce Sales values to the year before. Towards the end of 2019, many are predicting that the German economy may dip into recession. 25 2022. Altogether, the top three stores account for 5% of online revenue in Indonesia. Global digital commerce year-over-year grew by 58% -- U. S. grew by 45% YoY, Netherlands by 108%, Canada by 111%, UK by 91% and Germany by 61%. China 1 billion 2. 10 These three categories present e-commerce with a significant growth. Comparison of the percentage of online buyers by age group 2011-2021 India 360.1 million 3. Both brick-and-mortar and online sales will benefit from pent-up consumer demand, with in-store growing 6.3% and ecommerce growing 17.9%." Furthermore, the forecast predicts that retail e-commerce sales in the US will grow to 23.6% of all sales by 2025, a change of 13.7% YOY, amounting to a total of US $1.648 in sales, the highest prediction yet. Retail consumer goods ecommerce is by far the most dynamic and leading of the two consumer focuses. Canada 10. China's eCommerce growth has exploded, coinciding with the massive sales of the world's largest online retailer, Alibaba. 2008-2009 were challenging years for online retailers. Japan 5. This market is majorly driven by factors such as rising penetration of the Internet and smartphones, growing dependency on social media to promote e-commerce platforms, growing omni-channel business models, and . With an annual growth rate of 21%, China is also one of the fastest-growing e-commerce markets. Trends in recent data suggest that Vietnam should experience meaningful growth in the value of its ecommerce industry in the coming months. As the world's largest ecommerce market, forecasts show that China will be responsible for 52.1 percent of all ecommerce sales worldwide. As internet access and adoption are rapidly increasing worldwide, the number of digital buyers keeps climbing every year. It has a population of 82,790,700. . Argentina accounted for a little over 6% of the market. of Brazillian adults will be online consumers by the end of 2020, a 25% growth when compared to 2019. Press Release | September 23, 2019. The U.S. Census Bureau released a report that summarizes 2018 e-commerce statistics on shipments, sales and revenues from key sectors of the economy. The E-Commerce Market is expected to reach USD 16,215.6 billion by 2027, at a CAGR of 22.9% during the forecast period of 2020 to 2027. In 2021, global ecommerce growth rates hit 16.3 percent. Total retail sales declines in Canada and Mexico are partially offset by ecommerce growth. E-commerce is becoming the key growth engine for retail: Its contribution has risen from 7% in 2012 to 39% in 2017, and we expect it to surpass 50% by 2020. Those purchases are going to come from over two billion online shoppers. The US remains the country with . Euromonitor International projects that half of the absolute value growth for the. The digital retail economy experienced most growth in the Republic of Korea, where internet sales increased from around one in five transactions in 2019, to more than one in four last year. Global traffic growth by device shows a 28% YoY . The revenue shows an annual growth rate of more than 9 percent. A 35% increase from 2013 is double the growth of every country on this list with the exception of Brazil and Germany. Germany 6. UNCTAD's work on measuring e-commerce and the digital economy aims to build the capacity of countries to produce official statistics on e-commerce and the digital economy, and that can be used to guide policy making. The Africa e-commerce market is expected to exhibit a CAGR of 27% during 2022-2027. Seemingly every aspect of business was moved or accelerated towards a digital structure amid the pandemic, including B2B communications. Total sales estimates for the past three years are illustrated in the charts below. The U.S. ranks as the second-largest e-commerce market in the world, second only to China in terms of sales. 297 billion by 2025. Lower B2C ecommerce growth is most likely a symptom of a broader economic slowdown. Over the last years, there has been a steady increase in the number and share of online shoppers within Europe every year. The global e-commerce market size reached US$ 13 Trillion in 2021, and is expected to reach a value of US$ 55.6 Trillion by 2027, exhibiting at a growth rate (CAGR) of 27.4% during 2022-2027. Latin America saw $85 billion in ecommerce sales in 2021, up 25% from $68 billion in 2020. The average annual online spend per capita in Poland is . Even if the African countries are not the first in the global ranking, the online buying itch is spreading steadily on the continent. USA 78.9% Top 5 markets by total number of online shoppers 1. Belgium (7%), Ireland (7%), Austria (4%) and Iceland (3%) showed the least growth in e-commerce turnover in the last year. Business to consumer e-commerce sales are worth $744.1 billion, 12 and online sales growth in the U.S. is expected to reach a compound annual growth rate of . Ecommerce in Singapore is still the fastest growing segment in the digital sector, and it is expected to reach 100 billion U.S. Dollar by 2025. [The country] is already a very . That makes Spain a country with the perfect conditions to take advantage of mcommerce. The coronavirus outbreak contributed to the growth of the e-commerce sector in the middle east, as over 40% of respondents started shopping online more than they did before the outbreak. by Reilly Roberts. Growth rates are forecasted to continue their upward trend in 2021, with an expected growth rate of 12%. 2. The e-commerce industry in India is booming with a growth of $120 billion in 2020, which was significantly higher as compared to the $39 billion that the e-commerce space earned in revenue for 2017. Lastly, let's . E-commerce has been the fastest-growing channel over the last decade, with the crisis accelerating such shifts. UK 79.8% 4. This is a 10 percent growth from 690 billion euros in 2019. Peru: 21% growth in its e-commerce market by 2025 Online retail in LatAm has achieved 15% of total retail, up from 6% pre-pandemic, according to Americas Market Intelligence Defining E-Commerce in LatAm Markets February 15, 2020. The German URL country code is .de, the official language is German, and the currency is the euro (EUR). A year before that, by 2019, it's estimated that B2B firms will spend more on ecommerce technology than online retailers. In 2020, over two billion people purchased goods or services online, and. The biggest player in the Indonesian eCommerce market is jd.id.The store had a revenue of US$2.3 billion in 2021. jd.id is followed by shopee.co.id and orami.co.id as the second- and third largest stores with US$390 million and US$295 million, respectively. eMarketer estimates that global retail sales growth is slowing, but year-over-year increases will continue, mainly fueled by sales in China, India, the US and developing countries in the Middle East and Africa. E-Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 Indonesia 107 million 5. Jun. The latest data from the APJII suggests that the number of internet users in the country has grown by 20 percent over the past 2 years, equating to an increase of roughly 29 million new users. Business-to-business (B2B) ecommerce statistics also show continued growth in 2022. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. 2022 Beauty Industry Trends & Cosmetics Marketing: Statistics and Strategies for Your Ecommerce Growth. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. However, with the country starting from a relatively small base, there's still some way to go before online retail accounts for a meaningful share of total consumer spending in Vietnam. United States Retail ecommerce sales are accelerating faster than previously anticipated and will jump 25.1% year on year in 2015. McKinsey_Website_Accessibility@mckinsey.com To read the report, see The future of work after COVID-19, February 18, 2021. The explosive growth in e-commerce activity in Canada we discussed earlier will undoubtedly be accompanied by a similar increase in ecommerce fraud. Shopify's annual growth rate is directly proportional to the growth of the ecommerce industry. The fashion eCommerce sector is projected to total just 3.3% between 2017 and 2024. Selling on a marketplace can help build your brand, provide convenient shopping experiences for consumers, and multiply your profits. South Korea All the company. Annual online sales: $2.78 trillion. Other countries also saw large gains. Jewelry and watches was at the top of the growth chart (as of 2016) with 39% growth, followed by furniture, appliances, and equipment (26%), and video games/accessories (24%). United Kingdom 7. The study provides . Increasing penetration of the internet is bolstering the smartphone-using population across the world. 8 Poland is one of the few European countries where Amazon does not have a presence. Norway 79.25% 5. Spain has a large population of Internet users (82.20%) and 66.80% of the population are smartphone users. "Brazilians tend to be first movers, fast technology adopters. When comparing data from 2021 against that of a decade ago, we notice an important growth in eCommerce adoption as a regular shopping option in all countries within the EU. Six of the top 10 fastest-growing ecommerce countries in 2019 hail from the Asia-Pacific region, led by India and the Philippines at more than 30% growth and rounded out by China, Malaysia, Indonesia and South Korea. Just like most things eCommerce, Shopify experienced unprecedented growth in 2020: the number of new stores created grew 71% in Q2 compared to Q1, and a record number of merchants were also added to the platform in Q3 (Shopify's own account).Here are the countries and regions that saw the biggest growth in users for the two popular apps: Shopify page builder Gempages and Shopify theme EcomSolid. As the business-to-business (B2B) industry continues to evolve, ecommerce has emerged as more than a nice to have it's a must-have. It is driven by the perceived potential of the internet and communication technologies in reducing transaction costs by bypassing some, if not all, of the intermediary and facilitating linkages to It had an 18% share of the total global retail sales for 2020, and is forecast to have over a 1% annual growth rate, achieving a nearly 22% share of total global retail sales by 2024. Once "challenger" brands like IPSY, Glossier, and Fenty are now household names spanning geographies and demographics alike. However, growth, as is evident, has happened. With the collaboration of Statista. The financial market meltdown that began in the fall 2008 dramatically reduced consumers' discretionary spending power, resulting in the first quarter of negative growth. Growth rates in clothing and apparel between 2017 and 2022 are expected to be 8.8% in the US, 8.7% in Europe, and 14.1% in China. The growth can be attributed to the rising disposable income, global per capita income, and expanding internet penetration. Sweden 84.65% 2. eCommerce sales growth is expected to continue to expand at an annual growth rate of 6.2% to reach $112.465 billion in 2021 and $143. According to a recent industry report, e-commerce will account for 20.4% of global retail sales by the end of 2022, up from only 10% five years ago.In other words, the e-commerce space is becoming . Italy 9. Fast growth in e-commerce sales to consumers and cross-border purchasesMore than 1.4 billion people shopped online in 2018US, China and UK dominate e-commerce sales to consumers Geneva, 27 April 2020 - E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released today by the UN's trade and development body, UNCTAD, at the start .

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