Key Takeaways
- Global e-commerce sales grew from $3.35 trillion in 2019 to $4.28 trillion in 2020, marking a 27.5% increase due to pandemic acceleration.
- In 2023, worldwide online shopping revenue is projected to hit $6.54 trillion, up 8.9% from 2022.
- U.S. e-commerce sales reached $905 billion in 2022, representing 14.7% of total retail sales.
- Worldwide online shoppers numbered 2.71 billion in 2023, up 7.8% from 2022.
- U.S. online shopping penetration reached 80% of internet users in 2023.
- In China, 904 million people shopped online in 2022, 64% of population.
- Worldwide e-commerce grew 16.4% YoY in 2022 to $5.8 trillion.
- U.S. online sales increased 15% in 2020 due to COVID-19 lockdowns.
- China's e-commerce grew 10.9% in 2023 to RMB 45.1 trillion.
- Mobile commerce accounted for 60% of global e-commerce sales in 2023, up from 55% in 2022.
- U.S. mobile shopping penetration reached 54% of total e-commerce in 2023.
- In China, 80% of online orders placed via mobile apps in 2023.
- Post-COVID, global e-commerce penetration rose from 17% in 2019 to 24% in 2023.
- U.S. online sales projected to reach $1.6 trillion by 2028, CAGR 8%.
- China e-commerce to grow to $3 trillion by 2026, 10% CAGR.
Online shopping is seeing massive and sustained global growth across all continents.
Growth Rates
- Worldwide e-commerce grew 16.4% YoY in 2022 to $5.8 trillion.
- U.S. online sales increased 15% in 2020 due to COVID-19 lockdowns.
- China's e-commerce grew 10.9% in 2023 to RMB 45.1 trillion.
- India online retail CAGR 31% from 2019-2023.
- Brazil e-commerce grew 27% YoY in 2022.
- UK online sales growth slowed to 6.5% in 2023 from 12% in 2022.
- Germany e-commerce growth rate 5.2% in 2023.
- France saw 12.3% e-commerce growth in 2022.
- Australia online retail grew 10.8% in 2023 calendar year.
- South Korea e-commerce CAGR 12% from 2018-2023.
- Southeast Asia e-commerce GMV grew 25% YoY in 2023.
- Mexico online sales surged 28% in 2023.
- Nigeria e-commerce market expanded 18% in 2023.
- Poland online retail grew 14.5% YoY in 2023.
- Spain e-commerce increased 15% in 2023 to €81 billion.
- Italy saw 9% growth in e-commerce sales in 2023.
- Netherlands online sales grew 8.7% in 2023.
- Sweden e-commerce grew 11% in 2023.
- Canada online retail CAGR 14% 2020-2023.
- Turkey e-commerce grew 85% in 2023 despite inflation.
- Japan online sales increased 6.8% in FY2023.
- Global mobile commerce grew 24% YoY in 2023.
- Latin America e-commerce CAGR 21% projected 2023-2027.
- Middle East e-commerce growth 22% in 2023.
- Russia online trade grew 35% in 2023 to 6.4 trillion RUB.
Growth Rates Interpretation
Market Size
- Global e-commerce sales grew from $3.35 trillion in 2019 to $4.28 trillion in 2020, marking a 27.5% increase due to pandemic acceleration.
- In 2023, worldwide online shopping revenue is projected to hit $6.54 trillion, up 8.9% from 2022.
- U.S. e-commerce sales reached $905 billion in 2022, representing 14.7% of total retail sales.
- China's online retail market size was $2.1 trillion in 2022, accounting for over 50% of global e-commerce.
- European e-commerce market grew to €717 billion in 2022, a 10% YoY increase.
- India's e-commerce sector expanded to $84 billion in FY2023, with a CAGR of 25% from 2018-2023.
- Brazil's online shopping market hit $47 billion in 2022, growing 12% annually.
- South Korea's e-commerce sales reached $170 billion in 2022, 28% of total retail.
- Australia's online retail turnover grew to AUD 62.3 billion in 2022, up 9.2%.
- Japan's e-commerce market size was ¥22.8 trillion in FY2022, rising 8.5%.
- Global B2C e-commerce sales are expected to reach $7.4 trillion by 2025, growing at 9.4% CAGR.
- U.S. e-commerce penetration hit 15.3% of total retail sales in Q4 2023.
- Southeast Asia e-commerce market valued at $99 billion in 2022, projected to $185 billion by 2025.
- UK online sales reached £118 billion in 2022, 27.4% of total retail.
- Mexico's e-commerce market grew to $29 billion in 2022, up 23% YoY.
- Turkey online retail sales hit $15 billion in 2022, with 40% growth.
- Nigeria's e-commerce sector reached $7.5 billion in 2022, growing 25%.
- Global cross-border e-commerce trade volume was $785 billion in 2022.
- Latin America e-commerce sales totaled $272 billion in 2022, up 24%.
- Middle East e-commerce market size was $50 billion in 2022, CAGR 20%.
- Canada's online retail sales grew to CAD 75 billion in 2022, 12% increase.
- Germany's e-commerce turnover reached €99 billion in 2022, up 7.9%.
- France online sales hit €147 billion in 2022, 13% growth.
- Italy's e-commerce market was €48 billion in 2022, rising 11%.
- Spain e-commerce sales reached €70 billion in 2022, 15% YoY growth.
- Netherlands online retail turnover was €32 billion in 2022, up 10%.
- Sweden's e-commerce market size hit SEK 120 billion in 2022.
- Poland online shopping market grew to PLN 90 billion in 2022, 15% increase.
- Russia e-commerce sales reached 5.7 trillion RUB in 2022 despite challenges.
- Global e-commerce GMV projected to grow at 10.4% CAGR to $8.1 trillion by 2026.
Market Size Interpretation
Mobile & Tech
- Mobile commerce accounted for 60% of global e-commerce sales in 2023, up from 55% in 2022.
- U.S. mobile shopping penetration reached 54% of total e-commerce in 2023.
- In China, 80% of online orders placed via mobile apps in 2023.
- India mobile commerce GMV hit $70 billion in FY2023, 55% of total e-com.
- Brazil m-commerce share grew to 45% of e-commerce in 2023.
- UK mobile sales represented 62% of online retail in 2023.
- Germany smartphone commerce reached 48% penetration in 2023.
- France m-commerce grew 20% YoY, 55% of total online sales in 2023.
- Australia mobile shopping apps used by 70% of online buyers in 2023.
- South Korea 75% of e-commerce via mobile devices in 2023.
- Southeast Asia m-commerce CAGR 30% 2023-2025.
- Mexico mobile commerce share 50% in 2023, up 15% YoY.
- Nigeria 65% of e-commerce transactions mobile-based in 2023.
- Poland m-commerce reached 52% of online sales in 2023.
- Spain smartphone purchases 58% of e-commerce in 2023.
- Italy mobile commerce growth 18% in 2023.
- Netherlands 68% of Dutch online shoppers use mobile exclusively.
- Sweden m-commerce 60% share in 2023 Nordic region.
- Canada mobile e-commerce sales grew 25% to CAD 40 billion in 2023.
- Turkey mobile shopping penetration 55% in 2023.
- Japan smartphone e-commerce hit 45% share in FY2023.
- AI-driven personalization boosted conversion rates by 15% in online shopping in 2023.
- Voice commerce sales grew 30% globally in 2023 via smart speakers.
- AR/VR shopping trials increased conversion by 40% in fashion e-com in 2023.
Mobile & Tech Interpretation
Projections
- Post-COVID, global e-commerce penetration rose from 17% in 2019 to 24% in 2023.
- U.S. online sales projected to reach $1.6 trillion by 2028, CAGR 8%.
- China e-commerce to grow to $3 trillion by 2026, 10% CAGR.
- India online retail expected $350 billion by 2030, 25% CAGR.
- Brazil e-commerce forecast $100 billion by 2027, 15% CAGR.
- UK online sales to hit £200 billion by 2028, 7% CAGR.
- Germany e-commerce projected €150 billion by 2028.
- France online market to €200 billion by 2027, 10% CAGR.
- Australia e-retail forecast AUD 100 billion by 2028.
- South Korea e-commerce to $250 billion by 2027.
- Southeast Asia GMV $300 billion by 2027, 20% CAGR.
- Mexico online sales $70 billion by 2028.
- Nigeria e-commerce $10 billion by 2027, 25% CAGR.
- Poland market to PLN 150 billion by 2028.
- Spain e-commerce €120 billion by 2028, 12% CAGR.
- Italy forecast €80 billion by 2027.
- Netherlands online retail €50 billion by 2028.
- Sweden to SEK 200 billion e-commerce by 2028.
- Canada projected CAD 120 billion by 2028.
- Turkey e-commerce $50 billion by 2028, 30% CAGR.
- Japan ¥35 trillion by FY2028.
- Global shoppers to 3.2 billion by 2027.
- Live commerce global sales $600 billion by 2027.
- Metaverse shopping market $800 billion by 2030.
Projections Interpretation
User Penetration
- Worldwide online shoppers numbered 2.71 billion in 2023, up 7.8% from 2022.
- U.S. online shopping penetration reached 80% of internet users in 2023.
- In China, 904 million people shopped online in 2022, 64% of population.
- India had 326 million online shoppers in 2023, expected to reach 500 million by 2027.
- Brazil's online shopping users hit 183 million in 2023, 86% of internet users.
- UK 57.5 million adults shopped online in 2023, 87% penetration rate.
- Germany's online shoppers numbered 54 million in 2023, 65% of population.
- France saw 44 million e-commerce users in 2022, 65% adoption.
- Australia's online shopping households reached 13.7 million in 2023, 80% penetration.
- South Korea had 92% of population as online shoppers in 2022.
- Southeast Asia online shopper base grew to 300 million in 2023.
- Mexico e-commerce users reached 70 million in 2023, 53% of population.
- Nigeria's online shoppers numbered 50 million in 2023, growing 20% YoY.
- Poland had 25 million online buyers in 2023, 66% penetration.
- Spain online shopping users hit 32 million in 2023, 68% of adults.
- Italy's e-commerce penetration reached 60% of population in 2023.
- Netherlands 90% of population shops online monthly in 2023.
- Sweden online shopper penetration at 85% in 2023.
- Canada had 24 million online shoppers in 2023, 62% of population.
- Turkey e-commerce users grew to 45 million in 2023.
- Japan's online shoppers numbered 83 million in 2023, 67% penetration.
- Global online shopping frequency: 49% shop weekly in 2023.
- Latin America online shoppers reached 300 million in 2023.
- Middle East online shopping penetration hit 55% in 2023.
- Russia had 85 million e-commerce users in 2023.
User Penetration Interpretation
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