In January, we forecast total ecommerce sales would be $674.88 billion in 2020; now we have that figure well over $100 billion higher, at $794.50 billion. This is the first time in history that ecommerce sales accounted for all retail sales gains. Which product categories are seeing the fastest ecommerce growth? In, eMarketer. For March 2020, total retail spend (excluding cafes, restaurants and takeaway) was up . US e-commerce sales to jump 18% in 2020, but not enough to offset retail’s decline. By submitting this form, you agree to receive communications from Localogy. And to figure out the real winners and losers. This statistic is not included in your account. Sarah Perez. We all know the pandemic has left many industries battered. However, all of the growth in retail came from ecommerce. Corporate solution including all features. This transition has been brutal for many small business owners. Online sales accounted for 101% of all gains in retail in 2020. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment. Attending music festivals. But it has been a boon for companies that build the software that enables SMBs to trade online. And not just to retail but to countless other industries. While the rapid leap in eCommerce share in 2020 is staggering, it isn’t surprising, at least as we look back at last year. It should be noted that eMarketer has presumably changed their methodology from last year, when the firm pegged Amazon’s share of e-commerce sales at a full 47%. Hopping on planes for a little face time with customers. (±2.1%) from the third quarter of 2019 while total retail sales increased 7.0 percent (±0.4%) in the same period. While apparel sales were down 5.3 percent overall, apparel e-commerce sales grew 47.3 percent year over year. E-commerce sales in the second quarter of 2020 accounted for 16.1 percent of total sales. But in the local and SMB tech space, the massive jump in eCommerce as a share of total retail has been a boon for many companies in the Localogy ecosystem. Wix, the fast-growing digital presence company, reported its earnings this week. A report from Digital Commerce 360 (mining U.S. Dept. Data from GroupM, released in December, predicts global retail ecommerce, including automotive but excluding food and delivery services, will total $3.9 trillion by the end of 2020 – equating to 17% of all retail sales. E-commerce sales in the third quarter of 2020 accounted for 14.3 percent of total sales. There Are 2.05 Billion Online Shoppers in 2020 (Oberlo) As of 2020, there are roughly 7.8 billion … Total retail sales in 2020 increased 3.4 percent (±0.4%) from 2019. Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. Domestic Shoppers Look Beyond Their Borders. Online sales grew 54.7 percent compared to 2020. You only have access to basic statistics. Analysis E-commerce Growth Helped Retail Beat Expectations Ecommerce sales accounted for 14.3% of total retail sales by the end of the third quarter in 2020. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. You need a Single Account for unlimited access. US E-Commerce Sales as Percent of Retail Sales is at 14.00%, compared to 14.20% last quarter and 11.30% last year. The month of April highlights the peak of the COVID-19 impact, with the proportion of retail e-commerce sales jumping from 3.8 percent in April 2019 to a record high of 11.4 percent in April 2020. Analysis E-commerce Growth Helped Retail Beat Expectations Ecommerce sales accounted for 14.3% of total retail sales by the end of the third quarter in 2020. This means there’s more potential for e-tailers to increase traffic and conversions—and a chance to create a better … And in addition to reporting a major jump in revenue, it showed how the economics of eCommerce is creating customers that grow revenue faster and churn at much lower rates than customers that only purchase a website. We wrote about one such company yesterday. The ecommerce sales growth trend has been upwards since 2009, growing by ~1.5% each year, reaching 16% in 2019. January 26, 2017. The pandemic and subsequent global recession have caused many marketers to go back to the drawing board. Most countries will still see strong growth, but two large markets, India and China, will … It just moved them online. “Retail e-commerce sales have risen steadily, with the proportion of online sales rising from 2.4 percent in 2016 to 4.0 percent in 2019. A well-documented change in the retail sector in the past 20 years is the evolution from mostly brick-and-mortar stores to e-commerce sales. Online sales grew 54.7 percent compared to 2020. Then you will be able to mark statistics as favourites and use personal statistics alerts. Q4’s gain was beat only by Q2 2020, when penetration rose more than six percentage points to 20.8% from 14.7% in 2019. The report caps a year that saw massive upheavals for businesses, with some prospering but others slumping under the weight of the coronavirus. Want to Learn More? Charles Laughlin, senior analyst with Localogy, is a seasoned journalist with more than 20 years experience covering the industry. Craig Alexander The global pandemic has brought on the largest drop in Canadian retail sales on record, falling 10.0 percent to $47.1 billion in March. On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the first quarter of 2020 totaled $146.5 billion, a decrease of 21.1 percent (±1.1%) from the fourth quarter of 2019. eMarketer. Graph and download economic data for E-Commerce Retail Sales as a Percent of Total Sales (ECOMPCTNSA) from Q4 1999 to Q4 2020 about e-commerce, retail trade, percent, retail, sales, and … The more bullish Deloitte predicts e-commerce holiday retail sales to grow between 25% to 35% from November through January, reaching $182 billion to $196 billion in total. In APAC, the trend has accelerated significantly over the past 12 months, with China and Korea registering e-commerce penetration of 24.1% and 41.4%, respectively—up by 5.5% and 6.4% year-over-year as of April. In 2019, online accounted for 15.8% of online retail spending. Naturally, all of the foot traffic you’d find in a busy downtown area, Today, HBC (Hudson Bay Company – Canada), the owner of Saks Fifth Avenue, indicated it will split the luxury department store’s website into a separate. The most recent international estimate of retail sales available for December 2020 was published by the United States Census Bureau on 15 January 2021. Without online commerce, retail sales would have declined last year. The share of e … We don’t need to rehash the list. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Retail numbers posted their first increase in four months in January, far outpacing expectations, according to data released by the U.S. Commerce Department on Wednesday.. Retail sales rose 5.3 percent in January compared to December, while economists were expecting an increase of just 1.2 percent, according to CNBC. On a seasonally adjusted basis, e-commerce as a percent of total retail sales grew from 0.6% in the fourth quarter of 1999 to 16.1% in the second quarter of 2020, according to the U.S. Census Bureau. We expect Canada’s retail sector to shrink by 6.2% in 2020, more than double the drop in 2009 during the global financial crisis. "While the total retail sales have seen a large decrease during the first half of 2020, e-commerce sales have surged," Headley reiterated. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook and over 1 Mio. In China, these online sales will rise to 25% of the entire retail … Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020 (down from 20.2% last year). commerce sales in the fourth quarter of 2020 accounted for 15.7 percent of total sales. New, Everything you need to know about the industry development, Find studies from all around the internet. Try our corporate solution for free! In percentage point terms, eCommerce gained more than 2X from 2019 to 2020 than it … U.S. retail sales could be down 6.5% in 2020, according to a new report from Euromonitor. Last reported quarter 2020 … It will take a few years for the retail ecommerce sales total to reach 2020’s height. That’s the first time ever that online accounted for all of retail sales growth. China appeared to be the most enthusiastic Asia Pacific country in terms of e-commerce adoption, with 24 percent of its total retail sales owing to e … The rate was forecast to reach 23 percent by 2023. Bricks and mortar retailers suffer, e-commerce soars, and retail recovery will be difficult. "E-commerce as percentage of total retail sales in Canada from 2013 to 2020." Please create an employee account to be able to mark statistics as favorites. In addition, e-commerce sales in 2020 accounted for a growing portion of the total retail pie increasing to 14 percent of total sales, according to Census Bureau data. This statistic shows the e-commerce retail trade sales share as a percentage of total retail trade in Canada in 2018. It is going to take us a while to really assess the damages and the gains. In addition to an 18 percent increase in growth, ecommerce will reach 14.5 percent of total retail sales in 2020, the biggest share increase in a single year. Directly accessible data for 170 industries from 50 countries 2. In 2020, about 24.9 percent of the total retail sales in China were made online, up from 20.7 percent in 2019. Perhaps the most consequential digital story of 2020, the widespread embrace of ecommerce during the pandemic unexpectedly accelerated the channel’s progress by almost two years. And they are fascinating. MORE FOR YOU According to 99Firms’ Ecommerce Statistics for 2020, the ecommerce market is not only thriving, but it’s expected that more than 95% of all purchases to be conducted via ecommerce by 2040. Please do not hesitate to contact me. Even before the pandemic, e-commerce as a percentage of total retail sales was expected to rise steadily over the next decade, with CBRE Research projecting it to reach 39% by 2030. On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the third quarter of 2020 totaled $199.4 billion, a decrease of 0.6 percent (±0.7%)* from the second quarter of 2020. “Retail e-commerce sales have risen steadily, with the proportion of online sales rising from 2.4 percent in 2016 to 4.0 percent in 2019. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Please contact us to get started with full access to dossiers, forecasts, studies and international data. Bricks and mortar retailers suffer, e-commerce soars, and retail recovery will be difficult. However, we have decreased our retail forecast by over 10 percentage points and our ecommerce forecast by 2 percentage points. Which, in turn, was a big jump from 13.2% the prior year. Even before the pandemic, e-commerce as a percentage of total retail sales was expected to rise steadily over the next decade, with CBRE Research projecting it to reach 39% by 2030. We’ve been hearing, and not to mention witnessing, a massive shift from offline to online shopping during the pandemic. We expect that ecommerce will reach 14.5% of total retail sales in 2020, representing both an all-time high and the biggest share increase in a single year. As a Premium user you get access to the detailed source references and background information about this statistic. It’s estimated that there will be 2.05 billion global digital buyers in 2020. It did not create them. 15.5% YOY and 13.7% on February 2020, with this growth largely driven by bulk purchases in food retail. New, Figures and insights about the advertising and media world, Industry Outlook In fact, as the market rights itself, 2021 will see a 6.3% decline in UK retail ecommerce sales. Learn more about how Statista can support your business. For ecommerce, those figures had been 18.4% growth and $4.105 trillion in sales. facts. On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the first quarter of 2020 totaled $146.5 billion, a decrease of 21.1 percent (±1.1%) from the fourth quarter of 2019. 7:42 AM PDT • June 8, 2020. Excluding the volatile auto sector, retail sales declined 1.4 percent from November, and even for nonstore retailers like e-commerce sites, which saw huge growth in 2020, sales dipped 5.8 percent. We could even argue it was a little lower than it might have been, given how traumatic a disruption the pandemic presented. Related data U.S. E-Commerce Sales as a Percent of Total Sales (unajusted). The fastest growing ecommerce market in the world is China. Total sales estimates are also adjusted for trading-day differences and moving holidays. U.S. retail sales could be down 6.5% in 2020, according to a new report from Euromonitor. Share it: 2020. Active PayPal accounts worldwide 2010-2020, by quarter, Global number of digital buyers 2014-2021, Total payment volume of PayPal 2014-2020, by quarter. It stands to reason, given wave after wave of lockdowns forced small merchants long resistant to the hassles and uncertain benefits of selling online, were suddenly forced to become mini Amazons just for a shot at survival. In 2020, online retail catapulted to 21.3% of total retail sales. Amazon Accounts for 47 Percent of All US E-Commerce Sales in 2020 (Statista) I probably don’t need to point out that Amazon is an e-commerce juggernaut that owns a massive percentage of the market. Total retail sales in 2020 also increased, but by a more modest 3.4 percent from 2019, the bureau reported. percent (±1.9%) from the second quarter of 2019 while total retail sales decreased 3.6 percent (±0.5%) in the same period. (January 26, 2017). So the pandemic didn’t suppress retail sales. For the year as a whole, eMarketer projects that Chinese online retail sales will rise 16 percent to $2.09 trillion while total retail revenues contract 4 percent to $5.07 trillion. In APAC, the trend has accelerated significantly over the past 12 months, with China and Korea registering e-commerce penetration of 24.1% and 41.4%, respectively—up by 5.5% and 6.4% year-over-year as of April. We all know the pandemic has left many industries battered. As has been noted frequently, the pandemic accelerated trends. The third quarter 2020 e-commerce estimate increased 37.1 percent The previous high was in 2008, when ecommerce accounted for 63.8% of all retail sales growth. The ecommerce market share in Q4 2020 came in at 14.0 percent of overall retail sales. The month of April highlights the peak of the COVID-19 impact, with the proportion of retail e-commerce sales jumping from 3.8 percent in April 2019 to a record high of 11.4 percent in April 2020. Graph and download economic data for E-Commerce Retail Sales as a Percent of Total Sales (ECOMPCTSA) from Q4 1999 to Q4 2020 about e-commerce, retail trade, percent, retail, sales… In its advanced monthly sales for retail and food services, December 2020 (PDF, 275KB) they include the amount spent in the United States retail industry, including motor vehicles and parts, and food services. While apparel sales were down 5.3 percent overall, apparel e-commerce sales grew 47.3 percent year over year. What is the impact of COVID-19 on retail and ecommerce in 2020? Statista. To put that staggering leap in perspective, that is roughly 3X the 2019 online retail growth rate. This is a 2.7 percentage point increase from Q4 2019’s 11.3 percent. Retail ecommerce sales compound annual growth rate forecast (CAGR), 2020–2024 Sourced from Statista While a post-COVID-19 world is expected to recover more slowly than it did after the 2008–2009 global financial crisis, ecommerce is the … And as time passes, it feels less and less likely that there will be any reversal in these trends. With that said, not only are ecommerce sales increasing but so is the US ecommerce market share of total retail sales. Across our expanded 75-day holiday shopping season, sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.” Key findings from Mastercard SpendingPulse underscore the shift to online spending, with e-commerce accounting for 19.7% of overall retail sales – up from approximately 13.4% in 2019. 2020. What’s more, total retail sales won’t rebound until 2022, when they’re expected to reach $5.549 trillion. A paid subscription is required for full access. "E-commerce as Percentage of Total Retail Sales in Canada from 2013 to 2020. On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the second quarter of 2020 totaled $200.7 billion, an Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. E-commerce sales in the third quarter of 2020 accounted for 14.3 percent of total sales. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment. https://www.statista.com/.../e-commerce-share-of-retail-sales-in-canada The U.S. Commerce Department reported new retail sales data (.pdf) earlier this week. Digital’s share of total retail sales wouldn’t have reached those levels until 2021 had penetration advanced in the usual, more incremental way. You can only download this statistic as a Premium user. It has been estimated that e-commerce sales in Chile accounted for 11 percent of all retail sales in the South American country in 2020. But when they do in 2023, the numbers will be well in excess of anything pre-pandemic, at £143.51 billion ($183.17 billion). ", eMarketer, E-commerce as percentage of total retail sales in Canada from 2013 to 2020 Statista, https://www.statista.com/statistics/379117/e-commerce-share-of-retail-sales-in-canada/ (last visited March 09, 2021), E-commerce as percentage of total retail sales in Canada from 2013 to 2020, Worldwide e-commerce share of retail sales 2015-2023, Digital Market Outlook: retail e-commerce sales CAGR in selected markets 2020-2024, Retail e-commerce sales growth worldwide 2017-2023, Global e-commerce sales forecast 2020, by region, Fastest-growing retail e-commerce countries 2019, Digital buyer penetration worldwide 2016-2021, Leading internet and online services companies worldwide 2020, by market cap, Revenue growth of selected internet and online service company verticals 2019-2021, Leading vertical e-commerce companies worldwide 2020, by market cap, Leading online marketplaces worldwide 2020, by market cap, Leading retail websites worldwide 2020, by traffic, Dominant e-commerce platforms in selected digital markets 2019, Global e-commerce market share of leading e-retailers 2019, Leading global online marketplaces 2019, by GMV, Share of e-commerce traffic worldwide 2019, by source and medium, Share of e-commerce session revenue worldwide 2019, by source and medium, Share of global digital purchases 2019, by channel, Share of global online traffic 2019, by device and vertical, Website sessions before conversion 2019, by vertical, Pages seen at buying session 2019, by vertical, Share of online traffic and sales worldwide 2019, by device, Global online shopper conversion rate 2018-2019, Sources of shopping inspiration for digital shoppers worldwide 2020, Online sources for product searches worldwide 2020, Online shoppers worldwide who use search engines for inspiration 2019, by age group, Products for global consumers to prefer expert reviews for purchase decisions 2019, Global online shopper preference for first-time & repeat purchases 2019, Global online shopper per visit spend 2020, by category, Online shopping dollar spend in selected countries 2019, by platform, Shopping cart abandonment rate worldwide 2020, by industry, Preferred online retail payment methods worldwide 2019, by region, Global e-commerce payment methods 2019 & 2023, by share of transaction volume, Global e-commerce payment methods 2019, by share of transaction volume, Usage or interest in B2C payments services among companies globally 2019, Number of PayPal payments 2014-2020, by quarter, Square quarterly gross payment volume 2015-2020, Coronavirus global online traffic impact as of October 2020, by industry, COVID-19 impact on global retail e-commerce site traffic 2019-2020, COVID-19 impact on global health site traffic 2019-2020, COVID-19 impact on global books & literature e-commerce site traffic 2020, COVID-19 impact on global home decor e-commerce site traffic 2020, Global "buy online" keyword search volume 2019-2020, Coronavirus global online user engagement impact as of April 2020, by industry, E-commerce purchase frequency change due to the coronavirus outbreak 2020, by country, E-commerce share of retail sales in Singapore 2015-2025, Argentina: e-commerce share of retail sales 2015-2020, E-commerce share in retail sales South Korea 2014-2019, Annual e-commerce market growth in Russia 2018-2024, Click and collect share of major U.S. retailers' online sales from 2017 to 2019, Mexico: e-commerce share of retail sales 2015-2020, Indonesia: forecasted e-commerce share of retail sales 2014-2019, E-commerce sales as share of retail sales Australia 2014-2019, Japan: e-commerce share of retail sales 2014-2019, E-commerce share of retail sales in Thailand 2015-2025, E-commerce share of retail sales India 2014-2019, United States: e-commerce share of retail sales 2013-2024, E-commerce share of retail sales in Malaysia 2015-2025, Asia Pacific: e-commerce share of retail sales 2014-2019, Projected e-commerce share of retail sales in Denmark 2015-2018, E-commerce share of retail sales in Spain 2014-2019, Forecast of e-commerce share of retail sales in Sweden 2015-2018, Projected e-commerce share of retail sales in Finland 2015-2018, Most common site-search solutions of e-commerce companies worldwide 2019, Online retail: month-on-month retail sales growth by sector during COVID-19 2020, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.