with Number of people shopping online Growing year after year, it is no surprise that global e-commerce sales are also increasing.
Let's take a look at how global annual e-commerce sales have grown over the past few years and are predicted to continue growing.
Global e-commerce sales: 2021-2027
Year |
global e-commerce sales |
|
2021 |
$4.98 trillion |
|
2022 |
$5.29 trillion |
|
2023 |
$5.82 trillion |
|
2024 |
$6.33 trillion |
|
2025 |
$6.86 trillion |
|
2026 |
7.41 trillion dollars |
|
2027 |
$7.96 trillion |
Global e-commerce sales are expected to total $6.33 trillion This number is expected to continue to grow over the next few years, proving that e-commerce business models are becoming an increasingly lucrative option for businesses.
The 2024 figure will also increase by 8.8% annually, making it the third fastest pace. Global e-commerce sales growth rate Within the forecast period 2021-2027.
Online sales are expected to continue to grow and account for a large portion of retail sales. Global e-commerce sales in 2025 are expected to increase to $6.86 trillion and increase by another $550 billion to $7.41 trillion in 2026. It is estimated that by 2027, global retail e-commerce sales will reach $7.96 trillion.
From 2021 to 2027, annual global e-commerce sales are expected to increase by nearly $3 billion. This represents an overall increase of 59.8% and an average annual growth rate of 8.1%.
Global e-commerce sales: the biggest contributors
China is also the world's largest exporter. The world's top e-commerce market, total online sales will exceed $3 trillion in 2023. Combined with the United States, these two countries combined for e-commerce sales of more than $4.1 trillion.
Therefore, some parts of the world top e-commerce companies They come from these two powerful countries. In fact, more than half of the top 10 are from China or the United States.
Global e-commerce sales growth: The biggest driver
This disparity between online and physical stores widened significantly from 2020 to 2021 due to the coronavirus pandemic. In fact, experts say the pandemic has accelerated the shift to online shopping. 5 years.
But that's not the only reason e-commerce It is on the rise.
The penetration of mobile technology into consumers' lives has done more than enough to move things forward. The latest numbers are Number of people shopping online worldwide It is expected to increase by 2.7% to 2.71 billion people in 2024. Data also shows that there is an increasing reliance on shopping via mobile devices. in fact, mobile commerce sales is also expected to grow. Total mobile device sales are expected to reach his $2.5 trillion in 2024, up from $2.2 trillion in 2023.
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Frequently asked questions about global e-commerce growth
What is the growth rate of e-commerce?
The growth rate of e-commerce varies greatly from year to year, but overall it is growing at a very fast pace. The global e-commerce market in 2024 is estimated to be worth $6.33 trillion, an 8.8% increase over the previous year. E-commerce growth is expected to continue in the coming years.
How much has e-commerce grown in 2023?
Experts estimate that e-commerce sales will increase by 10% in 2023. Predicting the exact growth of e-commerce is difficult because there are many factors that can affect it, including the global economy, technological advances, and consumer trends.
Will e-commerce grow in 2024?
Yes, e-commerce is expected to continue growing in 2024. In fact, many experts predict that e-commerce sales will increase by 8.8% due to the increasing digitalization of the world. This growth is expected to be driven by the increasing number of shoppers and businesses using digital channels to purchase goods and services.
How big is the global e-commerce market?
The global e-commerce market is estimated to be worth approximately $6.33 trillion in 2024.
