The e-commerce market in Eastern Europe is still young and the e-commerce volume generated is low compared to Western Europe. T… Western Europe is still the most developed ecommerce market in Europe and has the highest share of online shoppers. World’s Best Countries For Health Care Systems. In South Korea (20.3 %) and China (15.2 %), the shares are much higher. And what’s the difference in payment preferences among different countries across Europe? However, the potential of the market is huge. Fifth Avenue, New York, NY, 10001, United States. Most of the online turnover is still being … November 3, 2020Dutch ecommerce association Thuiswinkel.org has launched Shopping Secure, a trustmark for cross-border ecommerce companies. You can read more about online consumer behavior in Europe on our dedicated page. FMCG in selected European e-commerce markets According to the Kantar Worldpanel, FMCG online sales account for 7.6 % of all FMCG in the United Kingdom, 6.2 % in France and just 2.4 % in Spain. Three of the six largest ecommerce markets are in Western Europe. It is viewed by many as one of the primary drivers of the digital European economy. The ecommerce industry in Europe consists of three major markets, upcoming countries and thriving startup scenes. World’s Happiest Countries. Digital wallets are second best. Most of the online turnover is still being generated in Western Europe, which accounts for approximately 70 percent of total European online retail turnover. Maria Gourtsilidou is Senior Editor of Research and Data Analytics at the CEOWORLD magazine. Follow. In South Korea (20.3 %) and China (15.2 %), the shares are much higher. 1. In 2019, retail e-commerce sales worldwide amounted to 3.5 trillion US dollars. Experts estimate that by 2022 the European market volume will be worth as much as $481 billion. Vietnam’s business to consumer e-commerce market is worth $6.2 billion, 15 and it has been expanding rapidly, growing by 36.6 percent in 2017 alone. Germany is the fifth-largest ecommerce market in the world. In the UK, credit cards are very popular: about four in ten online transactions are paid this way. The countries with the lowest growth are Belgium (7%), Ireland (7%), Austria (4%), and Iceland (3%). But it’s difficult to see the European ecommerce industry as one, as it consists of several regions that all play their own role. Average online spend for the European ecommerce market ranges between €100 to €499 euros—with the two most popular categories being clothing and sporting goods topping the list, followed by media & computer software. KS-Europe erstellt Ihnen ein flexibles und individuelles Angebot. Cross-Border Magazine (2018), B2C Europe: innovations in delivery, p. 33-34. Click on a page and discover more about the local market, customers, popular online stores and much more! In the Benelux, iDeal (the Netherlands) and Bancontact (Belgium) are very popular. This level of internet adoption and rising levels of trust in electronic payment methods have led the way to a steady, healthy evolution of the ecommerce sector. November 18, 2020Shopify is only 14 years old, but is already extremely popular. Have you read? The market of Southern Europe, including Greece, with a B2C e-commerce turnover of 98 billion euros in 2019, was the second largest in the EU, accounting for 15% of the total turnover of European e-Commerce. Technavio has been monitoring the pharma e-commerce market in Europe and it is poised to grow by USD 10.69 billion during 2020-2024, progressing at a … However, the potential of the market is huge. In Europe, the ecommerce market revenue is worth $363 billion, with an expected annual growth of 7.3%. The survey suggests that the purchasing behavior of 59% of European consumers has changed permanently since the corona crisis. Pharma E-commerce Market in Europe 2020-2024: Key Highlights. South Korea and Japan both have slightly larger markets. Read all our articles about ecommerce in Europe. The US accounts for 73.24 percent of all live Shopify ecommerce websites worldwide. In Romania, the percentage of online shoppers is 31% while in Bulgaria is 29%. She is responsible for driving thought leadership, using data analytics to showcase the company’s products and services, and fostering knowledge sharing between CEOWORLD magazine and client organizations. The findings of the 2019 European E-commerce Report published in late August were very positive, with growth in online sales of more than 13% and estimated total sales of 621 billion euros. The Europe 500, a ranking of the largest online retailers in the region based on 2019 web sales, collectively sold $218.69 billion online last year, up 16.9% from $187.12 billion in 2018. Europe: Revenue in the eCommerce market is projected to reach US$425,182m in 2020. Get your free digital copy of Cross-Border Magazine now and stay informed. Among the developments worth watching are the use of AI to influence digital shoppers, the gradual progress of social commerce and new approaches to delivery and returns. 16 However, it is still dwarfed by bricks-and-mortar retail in Vietnam, with e-commerce accounting for just five percent of total retail. Spain had an e-commerce turnover of 53 billion euros in 2019, making it the largest market in Southern Europe, accounting for more than half (54%) of the region’s total expenditure. Altogether, the top three stores account for 20% of online revenue in in Brazil. The 500 largest online retailers in Europe grew 16.9% online in 2019. The French ecommerce market is the third-largest in Europe. B2C ecommerce turnover was €534 billion for 2017, this figure is expected to grow to €602 billion in 2018. Western Europe owns three of the top six ecommerce markets, led by the UK ($141.93 billion), Germany ($81.85 billion) and France ($69.43 billion), but as more mature markets, each is growing at year-over-year rates well below the global ecommerce growth rate. Ecommerce Europe is an association representing 100,000+ companies selling goods and/or services online to consumers in Europe. It is the second-largest market in Europe after the ecommerce in the UK. Western Europe owns three of the top six ecommerce markets, led by the UK ($141.93 billion), Germany ($81.85 billion) and France ($69.43 billion), but as more mature markets, each is growing at year-over-year rates well below the global ecommerce growth rate. Of course, major American retailers have their influence on local ecommerce industries in Europe. Through its 20 national e-commerce associations, Ecommerce Europe represents more than 75,000 companies selling goods and services online to consumers in Europe. Germans like to pay with invoice, while French consumers use debit card Carte-Blue, MasterCard, American Express and PayPal. The total worth of e-commerce in Europe is expected to reach 717 billion euros at the end of 2020. The e-commerce market in Eastern Europe is still young and the e-commerce volume generated is low compared to Western Europe. Ecommerce Europe is the sole voice of the European Digital Commerce sector. Among the developments worth watching are the use of AI to influence digital shoppers, the gradual progress of social commerce and new approaches to delivery and returns. Data from 2014 shows that in the UK, Germany, France, the Benelux, the Nordics, Spain, Italy and Poland clothing and footwear are amongst the most popular product categories, just like home electronics and books. The ecommerce market in Europe. At the same time in Spain, the development of the e-commerce market reached an increase of 29%. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The eCommerce market encompasses the sale of physical goods via … Within mature ecommerce markets, the proportion of consumers shopping online is genuinely high: 87% in the UK, 84% in Denmark, and 82% in Germany for 2016. As a result of joining forces with EMOTA, Ecommerce Europe now represents, via its 25 national associations, more than 100,000 companies selling goods and services online to consumers in Europe. Apart from the matured markets, such as the United Kingdom, Germany, France, and Denmark, there exists high growth potential in many other markets spread over the region. France is a key member of the European Union. In 2016, the average online share of the European countries surveyed was 8 percent, while it’s expected to reach 8.8 percent in 2017. B2C e-commerce turnover in Southern Europe reached 98 billion euros in 2019, up 22.49% However, its size is still less than a quarter of the 444 billion euros turnover of Western Europe, which underscores how far the European South is from making full use of its potential in e-commerce. World’s Most Expensive Countries To Live In. The road freight platform was launched by DHL Group in 2017 and was already available in some markets in Europe. For more common payment methods in Europe, check out our overview of the most popular online payment methods in Europe. Besides, Europe is aware of the difficulties that come with cross-border ecommerce, so plans to make the process easier and more accessible are already in place, at least in the European Union. Erkennen Sie die Marktpotenziale der Digitalisierung Mobility Market Outlook ... Prognose zum Umsatz im B2C-E-Commerce in Europa bis 2017; Umsatzanteile am B2C-E-Commerce; Nutzung von Mobile Payment in Europa nach Ländern im dritten Quartal 2014; Umfrage zum Nutzungsanstieg von digitalen Marketingmaßnahmen 2014 ; Prognose zum Umsatz mit Online … On the other hand, in Romania and Bulgaria, the e-commerce market increased in both countries by 30% last year. The ecommerce sector contributed to 3.78% of total GDP in 2017and is expected to contribute to 4.22% of GP in 2018. However, with a share of 7.69% of GDP, attributed to e-commerce, Southern Europe ranks first in Europe (in terms of e-commerce share in GDP). The publisher provides a detailed analysis of around 25 vendors operating in the global pharma e-commerce market , including some of the vendors such as apo-rot BV, Euro Apotheke K. Talu eK, Mail.Ru Group, McKesson Corp., myCARE e.K., ROSSMANN, SHOP APOTHEKE EUROPE N.V., UK Meds Direct Ltd., Walgreens Boots Alliance Inc. and Zur Rose Group AG . In the small countries of Malta and Cyprus, online shoppers mostly (96% and 95% respectively) shop at foreign e-commerce websites. These companies together account for nearly 50% … The biggest growth. Major retail & eCommerce companies (by internet sales) are Amazon.de, Otto, Zalando, Notebooksbilliger, Mediamarkt, Lidl, Bonprix, Cyberport and Conrad. CEOWORLD magazine > The Latest > Stats Gate > E-commerce market 2020: Which European countries are leading the way. Ecommerce News, Leaders in Logistics: Post and Parcel Summit 2021, Primark CEO: there’s no permanent shift to ecommerce, Samsung Germany launches subscription service, ‘Ecommerce fraud is a mass crime in Germany’, Latest ecommerce news from or about Europe, Amazon charged with antitrust violations in Europe, Cross-border trustmark Shopping Secure launched, Otto, Tesco, CDiscount, Bol.com, Zalando, H&M. In the Netherlands, also consumers prefer shopping at domestic websites (95%). This would mean an increase of 13.6 percent compared to the situation last year, when ecommerce was worth 547 billion euros. It is followed by americanas.com.br with US$790 million revenue and casasbahia.com.br with US$606 million revenue. About Ecommerce Europe Ecommerce Europe is the voice of the European digital commerce sector. LONDON-- (BUSINESS WIRE)--Technavio has been monitoring the pharma e-commerce market in Europe and it is poised to grow by USD 10.69 bn during 2020-2024, progressing at … With a net worth of approximately $77 billion, Mukesh Ambani, who owns Indian Premier League cricket club Mumbai Indians, is... Waterways play a crucial role in transportation throughout history. Furthermore, the United Kingdom has the highest share of online shoppers (94%). At the level of countries, Cyprus has the highest growth rate of e-buyers, by 20% in 2019. And then there’s this list of top 10 online stores in Europe, which features Amazon (on 7th place) as the only non-European player in that list. November 30, 2020Logistics startup Saloodo has announced it’s now ready to be used globally. The list also contains Otto (Germany), Tesco (UK), Groupe Casino (France), Shop Direct Group, Home Retail Group (both UK), Zalando (Germany) and John Lewis (UK). Also, 87 percent bought from national ecommerce websites in the last year, while 35 percent ordered from sellers from other EU countries. The E-commerce industry in Europe is one of the well established and largest markets in the world with a total turnover of EUR 540 billion in 2017. By comparison, Greek buyers spent 7.5 billion euros online over the same period, while in Portugal the corresponding amount was 5.6 billion euros. … Mobile ecommerce. With this rise of online shoppers, it is no surprise that e-commerce turnover is also increasing. The Europe 2020: E-commerce Region Report shows that Western Europe still remains the most developed e-commerce market in Europe. France has the world’s seventh-largest ecommerce market. GLOBAL ECOMMERCE MARKET RANKING 2019 - 8 SPOTLIGHT ON: GERMANY Germany, the biggest online shopping market in mainland Europe, has placed fifth on our eCommerce market ranking. The Commission also opened a second investigation regarding the possible preferential treatment of marketplace sellers that use Amazon’s fulfillment services. This puts European countries far behind their Asian counterparts. We analyzed the factors driving the growth of eCommerce in Germany, estimated the TAM and then visualized the TAM by important retail parameters such as Web Sales, Product Categories, and Traffic.Germany is the second major eCommerce market in Europe, next to the UK and followed by … This blog by PipeCandy is focused on estimating the B2C eCommerce market size in Germany. The Europe 500, a ranking of the largest online retailers in the region based on 2019 web sales, collectively sold $218.69 billion online last year, up 16.9% from $187.12 billion in 2018. Despite the economic problems Western Europe has to fear, all is still going well on the ecommerce front. Ecommerce News (2019), Ecommerce UK accounts for 53% of retail sales by 2028. Except for the United Kingdom, other countries in this list are Denmark (86%), Germany (84%), the Netherlands (84%), and Sweden (84%). In a bid to help players strengthen their market foothold, this pharma e-commerce market in Europe forecast report provides a detailed analysis of the leading market vendors. Total European ecommerce turnover increased by 15% to €530 billion in 2016, although prognoses initially had placed that figure below €510 billion. The total projected revenue for 2019 is 57.8 billion euros. She studied Public Administration (Economics Of The Public Sector) in Greece and holds a Bachelor’s in Public Administration from the Panteion University of Political & Social Studies. According to the Kantar Worldpanel, FMCG online sales account for 7.6 % of all FMCG in the United Kingdom, 6.2 % in France and just 2.4 % in Spain. November 11, 2020The European Commission has accused Amazon of abusing non-public data from third-party merchants to boost sales of its own brands in France and Germany. E-SHOPPERS – Data from Eurostat shows that 32 percent of European consumers shopped online 1 or 2 times in the last three months. It is the second-largest market in Europe after the UK. However, e-commerce orders in food via delivery and pick-up points is rapidly growing. Technavio has been monitoring the pharma e-commerce market in Europe and it is poised to grow by USD 10.69 bn during 2020-2024, progressing at a CAGR of … 1. But that’s not to say Europe doesn’t have its own ‘Amazons’. Ecommerce Europe acts at European level to help legislators create a better framework for online merchants, so that their … The second-largest ecommerce market in the world is the U.S with $586.9 billion. Around a 1/4 of all consumer purchases are … Pharma E-commerce Market in Europe 2020-2024: Scope. Technavio has been monitoring the pharma e-commerce market in Europe and it is poised to grow by USD 10.69 bn during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. Ecommerce Europe is the sole voice of the European Digital Commerce sector. Here you can find more information per country. The international trustmark can be used by both B2C and B2B companies. The study shows that especially the number of online shoppers ordering between 6 and 10 products per month has changed from 10 to 17%. It brings … Debit cards account for 35 percent of all online transactions, while PayPal is the country’s third most used online payment method. 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