UK consumers spent 200 billion euros on online purchases, roughly twice as … However, this growth is somewhat lower than the 14.2% increase of the European e-commerce … Western Europe is the leader in e-commerce. Asia-Pacific will account for 42.3% of retail sales worldwide, North America will capture 22.9%, and Western Europe will make up 16.2%. E-Commerce In Europe 2016 1. The Polish ecommerce market is dominated by Allegro, which has been around for over two decades, has 21m registered customers, and nearly 200m visits per month. As a Magento Agency since 2008, we have partnered with brands across Europe and the rest of the world to bring world-class online shopping experiences to the end customers. Nearly nine in 10 (87%) of Europe’s 578 million inhabitants access the internet. Total European ecommerce turnover increased by 15% to €530 billion in 2016, although prognoses initially had placed that figure below €510 billion. E-commerce in Europe, across 34 countries and five geographical regions within the EuroCommerce analysis, has thrived as the continent’s population has looked to shop more and more online. Eastern Europe. the Polish Allegro is the fourth largest online marketplace in Europe. Ecommerce in Europe is expected to be worth 717 billion euros at the end of 2020. E-commerce usage rate in the European Union 2009-2019, by country. Europe: Revenue in the eCommerce market is projected to reach US$425,182m in 2020. 2 | E-commerce in Europe 2016 E-commerce in Europe 2016 Following the success of our E-commerce in Europe 2015 study last year, Twenga Solutions has analysed the latest online retail trends to anticipate what e-retailers can expect from the industry in 2016. the European e-commerce market since 2014, presenting its findings in the report “E-commerce in Europe”. The 2019 European eCommerce growth rate would make even the Chinese President, Xi Jinping, jealous. Ecommerce Europe's latest research, "European Ecommerce Report 2017", has some fascinating insight into which countries are driving growth in the European ecommerce market and how trends differ between markets. For ecommerce, China’s dominance means that 62.6% of all digital sales will take place in Asia-Pacific. While the growth rates in Central and Northern Europe are moderate, the boom in Eastern Europe is only just beginning – with a promising outlook for cross-border e-commerce. In Europe, the ecommerce market revenue is worth $363 billion, with an expected annual growth of 7.3%. Gathering data from almost 1,800 e-commerce companies in Europe and analysing 8,000 distribution contracts, the report found that over 40% of retailers face some form of price recommendation or price restriction from manufacturers, and that almost 205 of retailers are contractually restricted from selling in online marketplaces. As a whole, ecommerce growth in Europe continues to trend upwards at a steady pace. That would mean an increase of 12.7 percent compared to the situation last year. The UK is Europe’s largest ecommerce market (and it’s not close) The United Kingdom’s ecommerce market presented a neat 200 billion euros in turnover last year. 2 with $586.92 billion. The coronavirus pandemic has been disastrous for the vast majority of Europe’s retailers. An increasing number of online retailers are using the ecommerce software that was founded in 2004, when three entrepreneurs wanted to open an online store for snowboarding equipment but weren’t happy with the existing software on the market. In Europe, Shopify is gaining ground quickly. Digital retail has benefitted, though. Their logo resembles an orange guitar pick. Zalando – Largest European eCommerce Company. The European eCommerce Monitor 2020 is a joint expert survey conducted by UPS Europe and Statista giving exclusive insights into the current situation of the industry in the United Kingdom, France, Germany, and Poland. E-commerce enables enterprises to establish their presence in the market at national level and also to extend their economic activities beyond borders in order to pursue opportunities elsewhere. In 2019, 83% of Internet users shopped online. Executive Summary. This ultimately means an increase of 12.7% compared to last year. 29/06/2015 - Discover our news on E-commerce in Europe - The bank for a changing world - BNP Paribas However, a big ecommerce sales growth can be observed in different parts of the continent, e.g. This is a visible difference. In Europe, Shopify is gaining ground quickly. “Talpa eCommerce, is the leading online auction platform for leisure activities in the BeNeLux, operating brands such as VakantieVeilingen and VavaBid. This figure is only 10% less compared to the whole of Europe. We take a look at the key insights, and best practice for marketers looking to sell internationally. At the end of 2020, the e-commerce in Europe is expected to be worth €717 billion, according to RetailX. Western Europe accounts for 70% of the total e-commerce value in Europe. Ecommerce continues to evolve rapidly in Western Europe, as shoppers and retailers become more sophisticated. However, the potential of the market is huge. It focuses on e-commerce growth in Europe, interesting cross-border facts and the biggest challenges that consumers face online. This growth is somewhat lower than the 14.2 percent increase of the European ecommerce in 2019. eCommerce sales as % of total retail sales: 2.2% Russia is the number one country in Europe in terms of Internet users with 59% of the adult population having Internet access as of the beginning of 2014, according to ecommercenews.eu. The 2020 Digital Commerce 360 Europe 500 is a ranking of the largest online retailers based in Europe. the Middle East and Africa (21 percent). Western Europe is still the most developed ecommerce market in Europe and has the highest share of online shoppers. For comparison, in Eastern Europe, only 36% of Internet users shop online. Cross-Border Commerce Europe is a great platform and community for us to share and exchange best practices and discover new opportunities within e-commerce.” 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. B2C e-commerce turnover continues to grow at a rate of 13%. The graph presents the e-commerce market revenue in Europe in 2017, and provides a forecast until 2024. A recent webinar, Europe 2020: Ecommerce Region Report revealed a 14.2% increase in eCommerce across Europe. This means that Europe’s share of global e-commerce sales is declining. These are great achievements of the UK. In Eastern Europe, B2C e-commerce turnover was 70%. Zalando’s headquarters are in Berlin and they predominantly have online stores that sell fashion items, such as apparel and shoes. 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. Top Global Ecommerce Markets In 2019, the top global ecommerce market will be China, with $1.935 trillion in ecommerce sales—more than three times greater than the US at No. Some of them are open source with free tools and powerful customization options. The e-commerce market in Eastern Europe is still young and the e-commerce volume generated is low compared to Western Europe. In Germany, we expect retail ecommerce sales … While there are several reasons to support this, the growth in internet penetration rate in Europe is definitely an influential factor. E-commerce in Europe 2016 2. The region of Western Europe has also the highest share of online shoppers (83%). North America and Western Europe are … Online share of retail trade in selected countries 2014-2021. Here’s some key data of the top European ecommerce retailers. The numbers are not in yet, but, in 2017, the European B2C ecommerce turnover has been forecasted to reach €602 billion, at a growth rate of nearly 14%. E-commerce revenue in Europe is expected to grow to 510.5 billion U.S. dollars in 2024. E-commerce consumer penetration in Europe 2017-2019, by country. Experts estimate that by 2022 the European market volume will be worth as much as $481 billion. Europe is ripe with ecommerce platforms. The United Kingdom appeared to have Europe's biggest B2C e-commerce market in 2019. The company IPO-ed earlier this year, at a valuation of over $12bn. The European E-commerce Report 2019 explores the latest e-commerce facts, trends and figures of Europe’s market in 2018, and the forecast of 2019. Although Western Europe remains the most developed e-commerce market in Europe, the biggest growth can be found in the eastern part of Europe according to the Europe 2020: E-commerce Region Report. Even more mature regions for ecommerce like North America (Canada, 21.1% growth) and Europe (Russia, 18.7% growth) claimed spots in the top 10. The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). This is a lot considering the fact that in Europe there are 50 different countries, more than 200 languages spoken and 28+ currencies used. Surprisingly enough, this the first European company on the list of the largest eCommerce companies in the world. About us Ecommerce Europe is an association representing more than 100 000 companies selling products and/or services online to consumers in Europe, through 25 national e-commerce associations. As a group, the 500 retailers grew ecommerce sales nearly 17% to $218 billion. The ecommerce landscape is a bit different in Europe than it is elsewhere around the world, but that doesn’t mean making a site to sell online is different, or difficult. The e-commerce market in many European countries, especially in Western Europe, is relatively mature, which explains the lower growth. 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