Statista projects the eCommerce revenue in France to reach $58.922 billion in 2021, with a projected annual eCommerce sales growth rate of 5.2% to hit $72.275 billion by 2025. We have answers! (4). It likely comes as no surprise that China is one of the worlds fastest-growing e-commerce markets, enjoying an annual growth rate of 35%. Our case studies show you proven tactics for shipping worldwide from Easyship users who did it right. 1), Germany enjoyed 57.8 billion in B2C e-commerce revenue in 2019. Rakuten is Japans leading e-commerce platform, which over the years has acquired many e-commerce sites across the world, including the U.K.s Play.com. Increase your approval rate with our Merchant Chargeback Insurance Solution, Global Markets Watch: The 10 Hottest E-Commerce Countries in 2020, Cross-border e-commerce continues to grow at exponential rates and shows no signs of cooling off anytime soon. Popular online shopping categories in the country include travel arrangement and reservation services. According to 2020 data from Statista, these are the biggest retail websites in the world: Perhaps as you seek to expand your own e-commerce operations, youll find some inspiration in these companies. Two-thirds of consumers worldwide told one global survey recently that theyre likely to switch.. Social commerce is gaining ground among consumers, growing three times as fast as overall ecommerce. That means the holiday season has already begun. Learn about our wonderful clients and our unique company culture that makes us so different in the fraud protection industry. Furthermore, ReadyCloud states that a majority of consumers prefer a mobile website over a mobile app, as displayed below: The world of eCommerce is huge, with hundreds of opportunities to explore in a variety of countries, but a lot of it has to do with Amazons success. If youre a veteran Amazon merchant you have a story or two We offer the attentiveness of a boutique agency, the agility of a production studio, and the innovation of a technology platform. Request a ClearSale sales representative contact you today. Walmart is World's biggest retail market company and it has eCommerce business as well along with brick and mortar Retail stores. We are Amazon, Shopify and Adobe Magento Experts, with expertise in a range of retail and marketplace channels. Rafael has a distinguished academic background. E-commerce share of total retail sales: 2.5%. E-commerce share of total retail sales: 19%. Electronics and media are among the popular product categories with a projected market volume of $7.334 billion in 2021, and the average user is expected to spend $393.46 on online purchases. Whether your company is opening the door to ecommerce or has been crushing the ecommerce game for years, one question remains: Are you using the right platform? If you have been thinking of going global in your eCommerce business, there has never been a better time - 2022 is the Year! If you need any help with getting a website for your company, getting started on Amazon, or utilizing any of these tips for your 2020 marketing plan, feel free to reach out to our experts at Spaceshop Commerce. Both standard and custom integrations are fast and easy with ClearSale. Do you remember the first DM you received from a potential customer asking if you ship to Germany? Now that you know some of the largest and fastest-growing eCommerce markets in the world that you can expand into, we give 6 important tips that will help you make your transition smoother. Boasting 106 billion in e-commerce sales (equaling 22% of total retail sales), the United Kingdom is a solid e-commerce player whose 93% of internet users spend more than $1,650 each. In 3 easy steps, you can have the ClearSale extension up and running in your NopCommerce store. Weve cited each of our sources below, so if a certain statistic catches your eye, follow the link for more information!). The French-eCommerce market ranks sixth in the world, with local players like Cdiscount and Odigeo leading the pack in the eCommerce retail space there. (20), Users are much more likely to purchase a product if they understand how it is used and have more detail about it than not. E-commerce share of total retail sales: 1.6%. Nearly 80% of the population (roughly 258 million people) have made an online purchase in the past year. But this is quickly changing. (17). Shoppers often abandon their carts after realizing the checkout process is long and complicated. 2022 Spaceshop Commerce LLC, All Rights Reserved. But it also accelerated the adoption of eCommerce, creating a new industry boom. In fact, over a six month period conducted by Nielsen found that a majority of shoppers purchase from overseas businesses besides North American shoppers. From July to September 2020, US consumers spent $199.44 billion in online purchases. (P.S. Amazon.de remains the countrys most successful online retailer, while shoes and fashion retailer Zalando enjoys growing revenue. 90% of shoppers will visit Amazon to price check. Preferred payment options include credit cards, invoicing, and online payment methods such as PayPal. Go live with ClearSales WooCommerce plugin in 3 quick steps. Learn how ClearSale prevents false declines so you can approve every good order. Despite its small size, the United Kingdom is a big e-commerce player and comfortably secures third place on this list. Over the last decade, China's retail sales have expanded rapidly and retained an above-average year-over-year growth rate of 27.3% worldwide hence why eCommerce ranking is as high as it is. Industry benchmarks for the most important KPIs in digital marketing, advertising, retail and ecommerce. More than likely,.. Consumer spending roared through 2021 and into 2022, but that may be about to change. In this article, we give you a rundown of the top eCommerce markets to target, tips for cross-border shipping, and how Easyship can help you go global. Review your order decisions by connecting our extension to your store in 6 simple steps. Being one of the largest eCommerce markets, Canada ranks eighth in the list. (17), Business Insider reported that in 2017, Cyber Mondays first $2 billion came from mobile shoppers, a third of the total revenue that day. Does your business need simple chargeback protection or a chargeback guarantee? Statista also reported the increase of mobile sales from 2015 to a projected 2021, with 2020 hitting about 42.9% of all U.S. retail sales specifically. Despite its obviously strong growth rate, 2019 will experience a decline from the previous two years when ecommerce grew 28.0% in 2017 and 22.9% in 2018. Two other Asian countries wrap up the . Top product categories include electronic & media, and fashion. Getting your Celerant site up and running with ClearSale has never been easier! China's retail e-commerce sales will reach almost 3 trillion dollars this year with a 21% increase compared with 2020. Statista predicts Amazon's market share of the U.S. eCommerce retail market to hit 47% in 2020. Our extensive fraud protection resource library provides you with the top trends and best practices for your business needs. We also believe that staying ahead of the trends is essential, which is why weve taken the time to provide you with the top 20 eCommerce statistics for 2020. Source information is only available to PRO subscribers. The Best Time and Attendance Services and Software 2022, Step-by-Step Guide to Social Media Marketing for Small Businesses, Mobile Wallet Guide: Google Pay vs. Apple Pay vs. Samsung Pay, The Small Business Owner's Guide to Data Analytics, 5 Effective Ways to Beat Your Competition, 5 Simple Steps to Valuing Your Small Business, Asia-Pacific region accounts for 62.6% of global e-commerce. It ranks as the second-largest eCommerce market in Europe, and fifth in the world. Check out how easy it is to connect your Magento 2 store to the ClearSale dashboard. Sign up for a free Easyship account and let us help you go global in your business. How can we help? In addition to covering these business fundamentals, Max also writes about improving company culture, optimizing business social media pages, and choosing appropriate organizational structures for small businesses. Top-selling items include books, music, video, computer & consumer electronics, toys & hobby office equipment & supplies, apparel & accessories furniture & home furnishings, and health & beauty products. Given the opportunities Canada presents as an e-commerce market, foreign brands are also trying to take a slice of it. Electronic & media dominate the Canadian eCommerce market with a projected market volume of 9.044 billion in 2021. South Korea is among the largest eCommerce markets in the world reputed for having the fastest wireless internet speeds. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Have questions about how your company is handling ecommerce fraud protection? E-commerce share of total retail sales: 3%. Ravi Bhatia contributed to the writing and research in this article. The most popular segment in Italy's e-commerce . In 2017, ecommerce was responsible for $2.3 trillion in sales, which is expected to more than double to $5.5 trillion by 2022. 1 in global logistics, facilitating e-commerce and cross-border delivery. With local players like Cdiscount and Veepee, the French e-commerce market comes in at sixth place in the world. Amazon accounts for nearly half of the countrys online retail spending ($258 billion in 2018) and has seen increased sales with the current COVID-19 pandemic. ClearSale offers fraud protection solutions that are fast, easy, safe, and effective. (11), According to TechRadar, which tracked Amazons latest Prime Day sales, members bought more than 100,000 lunchboxes, 100,000 laptops, 200,000 TVs, 300,000 headphones, 350,000 luxury beauty products, 400,000 pet products, 650,000 household cleaning supplies, and more than 1 million toys. Prime Day 2020 is expected to exceed these numbers, so getting established on Amazon in preparation is encouraged now more than ever. 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. Getting your Thomalex site up and running with ClearSale has never been easier! As ClearSales Executive Vice President and Partner, Rafael combines the companys innovation-driven culture and emphasis on communication with a deep understanding of the statistical tools that underpin excellent fraud protection. Find out how to become a ClearSale Platform Partner and help your ecommerce merchants safely sell more. PEO vs. ASO: What's Best for Your Business? Check out how easy it is to get your VTEX store set up with your full ClearSale dashboard. China is the world's biggest e-commerce market, led by e-commerce subsidiaries of the Alibaba group - Taobao, Alibaba.com and Tmall. With e-commerce growth of 22%, Brazil is a country to watch in the e-commerce market and is considered to be the most important in Latin America. In-depth analysis, benchmarks and shorter spotlights on digital trends. (7), Even after finding a product on a competitors website, 90% of shoppers will visit Amazon to price check. Amazons ad business is profitable, but its freezing hiring anyway, Optimize Your 2023 Marketing Budget with Industry KPIs: On-Demand Webinar, Amazon gets fresh ecommerce challengers right before the holiday season, Amazon is becoming an advertising juggernaut, The economic headwinds are too strong for an Instacart IPO to overcome, Sheins new resale marketplace wont mollify critics of its fast-fashion model. Thanks in part to e-commerce giant Alibaba and its subsidiaries, China is also one of the biggest markets, with more than 800 million internet users and online sales exceeding $670 billion. Next comes USA where the retail e-commerce sales are expected to exceed 800 billion dollars in 2021 with a 6,1% . Its annual online sales are estimated at $73 billion, which is roughly 8.4% of the total eCommerce retail sales worldwide. But what are the top eCommerce markets to target in 2022? Japan is among the largest, and also fastest-growing eCommerce markets in the world. Fashion, health & beauty products, and cultural products top the list of best selling categories in the French eCommerce market. Brazil. And, those ecommerce sales opportunities are rapidly growing. Part of the reason for the countrys success is its reputation for being No. According to Statista, US online retail sales hit $343.15 in 2019, and are projected to hit $476.5 billion by 2024 talk about eCommerce sales growth! Related post: Here's the Cheapest Way to Ship to Canada in 2022. (9). The best ecommerce fraud protection solution for online stores. As an example, an e-commerce platform can send a customer an alert when a product is running low and automatically buy it for them. So, where are the biggest opportunities for merchants? Instead of selling exclusively through a dedicated brand website, companies are expanding their sales channels to include sites such as Amazon, eBay, Facebook and Pinterest. If youre considering entering one of the markets below, you should review the local laws for doing business in that area, and if youre looking to expand your operation, review this list of the best tools to grow an e-commerce business. Brazil is the top eCommerce market in Latin America, accounting for one-third of the region's eCommerce market. E-commerce share of total retail sales: 1.3%. Food and beverage sales are growing 23.1%, while health, personal care and beauty are growing 18.6%. This chart shows the leading 25 countries ranked by retail ecommerce sales for 2015-2020. According to eMarketer, thanks to an increase in retailers joining the online shopping ranks, India was projected to see digital sales increase by 27% in 2021. The tax threshold for imports is also pretty generous at $800, making it less likely for consumers to pay additional tax or duty for overseas shipments. China is the worlds biggest e-commerce market, led by e-commerce subsidiaries of the Alibaba group Taobao, Alibaba.com and Tmall. Or South Korea? Supporting this information is a statistic by Animoto that states that 73% of shoppers are more likely to purchase a product if a video displaying and discussing the product is readily available. The Daily: The rise of telemental health, price shopping for healthcare, and health tech investments. Popular product categories in the UK include fashion, travel, household items, and sporting goods. Canadians are also reputed as the most diversified cross-border eCommerce purchasers. E-commerce share of total retail sales: 52%. In the U.S. alone, online shopping already accounts for 10% of retail sales and is expected to grow at a year-on-year rate of 15%. business.com receives compensation from some of the companies listed on this page. Or Brazil. A guide for major ecommerce platform developers to integrate with ClearSale's fraud protection Solution. With each passing day, new e-commerce markets are emerging, and established markets are reaching new milestones. Shoppers here spend nearly 80% of their money online, fueling future growth. The Daily: CX in tough economic times, the best retailer mobile app, and convenience for the Insider Intelligence Inc. All Rights Reserved. (16) To put it in perspective, that is more than Apple (3.8%), eBay (6.1%), Wal-Mart (4.6%), and Wayfair (1.3%) combined. The apparel and accessories verticals are the most popular, expected to generate nearly $200 billion in revenue by 2024. 79% of shoppers were reported to not re-engage with a business whose mobile experience is less than satisfactory. With an annual growth rate of 21%, China is also one of the fastest-growing e-commerce markets. In the U.S., where about 90% of the population lives within 10 miles of a Walmart store or Sam's Club. ReadyCloud reported that 44% of internet retail minutes were spent on mobile, with 11% on tablet and 45% on desktop. Its easy to contact us. With a significant digital population and with approximately 46% of internet users making weekly or monthly online purchases Canada is becoming an increasingly popular e-commerce market. Why Every Department in Your Organization Needs to Be Customer-Centric, Growing Social Commerce Starts With Customer Trust. (2), Amazons Fulfilled By Amazon program (or Vendor program for larger brands) has historically given sellers a 30-50% increase in sales. Nielsen also provided a list of selected categories and countries, feel free to reach out to our experts at Spaceshop Commerce, https://animoto.com/blog/business/small-business-video-infographic/, https://www.bigcommerce.com/blog/amazon-statistics/#10-fascinating-amazon-statistics-sellers-need-to-know-in-2019, https://www.bigcommerce.com/blog/ecommerce-trends/#7-ecommerce-trends-for-the-entire-retail-industry, https://www.business2community.com/marketing/10-surprising-stats-personalization-01791432, https://www.businessinsider.com/80-of-businesses-want-chatbots-by-2020-2016-12, https://www.businessinsider.com/cyber-monday-was-a-mobile-reckoning-for-retailers-2017-11, https://www.cnbc.com/2019/04/25/amazon-earnings-q1-2019.html, https://europeanbusinessmagazine.com/business/revealedwho-spending-online/, https://kinsta.com/blog/ecommerce-statistics/, https://www.nielsen.com/us/en/insights/report/2016/global-connected-commerce/, https://www.quora.com/Does-Amazon-FBA-organically-increase-your-sales, https://www.readycloud.com/info/rethinking-e-retailing-game-changing-mobile-ecommerce-statistics-paint-the-real-picture, https://www.salesforce.com/form/pdf/state-of-the-connected-customer/, https://www.searchlaboratory.com/us/2019/04/global-ecommerce-opportunities-for-online-retailers/, https://www.smartinsights.com/ecommerce/ecommerce-strategy/37-indispensable-ecommerce-stats-to-inform-your-2017-strategy/, https://www.statista.com/statistics/788109/amazon-retail-market-share-usa/, https://www.statista.com/statistics/249863/us-mobile-retail-commerce-sales-as-percentage-of-e-commerce-sales/, https://www.shopify.com/enterprise/global-ecommerce-statistics#6, https://www.shopify.com/enterprise/the-future-of-ecommerce, https://www.techradar.com/news/best-amazon-prime-day-2019-usa, The Top Trending COVID-19 Consumer Buying Habits, Avoid Amazon Nightmares with These Top Pro Tips.
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