Stats & Facts about Australia’s top ten sites that conduct online commerce. During the year 2021, 1 million Australians purchased goods online. A record amount of $50 was spent by Australians. The U.S. economy will grow by $46 billion by 2020. By 2020, e-commerce sales will generate 23% of all sales generated by specialty stores. Table of contents
How Big Is The Ecommerce Market In Australia?
Currently, Australia’s eCommerce market is very lucrative. According to predictions, the ecommerce market in Australia will reach USD25 billion in revenues by 2020. Between 2020 and 2021 the figure will be $7 billion. By 2024, the global economy is expected to reach $3 billion. What Percentage Of Business Is Ecommerce?
According to the U.S. Census Bureau, E-commerce comprised 6% of total retail sales in the third quarter of 2021. The decline in retail sales was 13 percent compared to 13 percent the previous time. The same quarter last year had an increase of 8 percent. Is Australia Good For Ecommerce?
By revenue, Australia ranks tenth among the world’s e-commerce markets. Is Ecommerce Popular In Australia?
It is anticipated that Australia’s eCommerce market will grow rapidly. An estimated 25 billion USD will be made by Australia’s e-commerce industry, which ranks eleventh in the world. Compared with this, brick and mortar retailers grew by three percent. Taking into account the growth of 4.4%, USD 200 billion will be reached by end of the year. What Are Ecommerce Retailers In Australia?
A pioneer in e-commerce, eBay is a marketplace where people and businesses can make sales directly on the site.
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