E-commerce growth statistics show that e-commerce has grown over the past decade with the internet's rise.
As people want convenience, they can get anything from a simple search on their computer or smartphone. The best part is that the transaction goes smoothly and quickly as well.
In fact, the number of people making purchases via the internet reached 2.14 billion in 2021, according to digital buyers statistics by Statista. The same number was 1.66 billion 5 years ago.
We have a lot to learn from the latest studies and statistics on e-commerce growth. Using these new findings in your marketing strategy will help you grow your business and increase your conversions.
Now let’s dive into some eye-opening e-commerce growth statistics!
➤ Amazon was the most popular e-commerce website in 2021 with an estimated traffic of 2.5 billion monthly visitors.
➤ There are 24 million e-commerce websites worldwide and this number is increasing each day.
➤ E-commerce statistics reveal that in the United States mobile shoppers make purchases via apps 51% more than e-commerce websites.
➤ Research from GWI shows that ‘recommerce’ is an increasingly trendy choice, with 14.4% of internet users buying a used or second-hand item online each week.
➤ Insider Intelligence' forecast on e-commerce growth shows that e-commerce will make up 24.5% of all retail sales worldwide by 2025, up from 19.6% in 2021.
➤ Statistics on e-commerce share of retail sales worldwide reveals that, in 2020, e-retail sales accounted for 18% of all retail sales worldwide. This figure is expected to reach 21.8% in 2024.
This statistic clearly shows how e-commerce is becoming a more and more important part of global commerce.
➤ However, the news is not very good from Latin America. After the rise in 2020, estimates show a decrease in the market across the leading Latin American economies in 2021 and 2022.
On the other side, in 2022, leading countries based on retail e-commerce sales growth were Singapore (36%), Indonesia (34%), Philippines (25.9%).
➤ Worldwide retail e-commerce sales statistics also show that by 2020, e-commerce sales in the US amounted to 4.28 trillion US dollars.
➤ The same study points that the percentage of global e-retail sales reached 27.6 in 2020, up from 25.5 percent in 2015.
Some countries shared a bigger piece of this growth compared to others. China’s online shopping market, for example, is enormous, and it has become the largest e-commerce market in the world.
The Chinese government has been promoting policies to support domestic e-commerce companies and to maintain a healthy competition environment for foreign e-commerce players in China.
➤ They are poised to become the leader of e-commerce as it is expected to account for more than 50% of global e-retail sales in the upcoming years.
➤ The United States is the second, with an expected 19 percent share of all online retail sales, followed in the third place by the United Kingdom, with 4.8 percent.
➤ Canada's retail e-commerce sales were forecasted to grow by 21% in 2021. That year, the value of online sales would have exceeded 72 billion U.S. dollars.
Worldwide, the growth of e-commerce is being fueled by mobile consumers. They are using their phones and tablets to purchase goods and services. Therefore, as can be guessed, mobile shopping is also growing rapidly.
➤ According to the Digital 2022 Global Overview Report, 67.1% of the world’s population now uses a mobile phone. In fact, there were 5.13 billion unique users by the start of 2022.
➤ Consequently, the global total has grown by 1.8 % over the past year. Now there are 95 million new mobile users since last year.
➤ Smartphone users worldwide spent a total of USD $170 billion on mobile apps and in-app purchases in 2021.
The thing is these revenue figures only include transactions made directly through app stores so things like e-commerce purchases made via mobile apps or mobile ad revenues are not included.
➤ Retail mobile commerce sales hit $359.32 billion in 2021 which indicates an increase of 15.2% over 2020.
➤ By 2025, retail mobile commerce sales are expected to more than double to reach $728.28 billion and account for 44.2% of retail e-commerce sales in the US.
➤ Mobile commerce sales stats show that three out of four customers say they buy online from their smartphone to save time.
➤ And in the US alone, the amount of time spent on mobile devices every day has increased from 188 minutes in 2016 to 234 minutes in 2021 which makes 24.5% increase in just five years.