Economic challenges and the rise of e-commerce sales.

30 October 2024
by Pro Carrier

Table of contents

By Pro Carrier
Published: 30/10/24
Last Edited: 30/10/24

With the recent UK budget announced, we look at how economic challenges such as the cost-of-living crisis have affected consumer spending habits online in the UK. What other strong and growing Ecommerce markets are there available?

In 2022 the global Ecommerce market sales grew by 6.5% from the previous year, showing a clear growing trend of online buying. The UK is one of the leading countries in Ecommerce online shopping with 98% of consumers shopping online, 57% of these purchases are in clothing goods. Fast fashion remains lucrative, driven by factors like cost of living, fast fashion brands such as Shein have become the most downloaded fashion app and most visited fashion site globally in 2023.

However, the UK is not the only market with a strong growing Ecommerce market. Economically stable countries such as the Netherlands (96%), Switzerland (96%), and Germany (96%) all see most consumers buying online. In the US 87% of consumers shop online, with clothing (43%) and shoes (33%) being the most popular categories.

This increase in Ecommerce sales will undoubtedly influence the volumes of parcels shipped during peak times across the globe. In 2020 worldwide parcel volume had reached 161 billion packages. Container shipping has also shown growth increasing by 7.7% in 2023 despite challenges such as rising costs and supply chain disruptions. The container shipping industry reported record-high profits of $208 billion in 2022, almost double its 2021 earnings.

With the sharp rise in Ecommerce sales how can retailers and sellers manage the increased growth in global ecommerce sales? With Pro Carrier Ecommerce you can manage all your ecommerce international shipping on a bespoke API platform. We integrate with hundreds of ecommerce platforms such as Shopify, UPS, Yodel, and many more. Delivery options significantly impact online shopping behaviour, with 41% of shopping baskets abandoned due to unavailable preferred delivery providers. Free, speedy, and convenient delivery and returns are crucial for international online shoppers. That is why at Pro Carrier we ensure an agnostic stance with your final mile delivery, ensuring that consumers have every option available to them.

Discover more about our Ecommerce solutions here.

*Statistics provided by Statista

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