global retail sales by country
(Entrepreneur, 2017), 1 in 4 consumers in the USA used a voice assistant while shopping during their holiday season in 2017. (NewVoiceMedia), The majority or 66% of adults feel that valuing their time is the most important thing a company can do to provide them with good experience online. (Econsultancy), Roughly 75% of businesses have had issues finding expert copywriter to optimize landing page copy. (SaleCycle, 2017), The average online shopper from UK abandons baskets worth £29.37 every month. (Search Engine People), Over 51% of smartphone users have discovered a new business or product while conducting a search from their mobile device. China will surpass the US in 2018 to become the world’s largest retail market by total sales, and its continued gains will help drive worldwide growth throughout the forecast period. 1 By geographic region for the 3-month rolling period ended as of the month indicated compared with the same period of the prior year. (Econsultancy), For every $92 spent on acquiring a customer, just $1 is then spent on trying to convert them. This website uses cookies to improve your experience while you navigate through the website. Top 5 Companies in China and the US, Ranked by Retail Ecommerce Sales, 2020 (billions), Cyber Monday results shatter US online shopping records, The coronavirus pandemic is forcing some consumers to peel back holiday spending this year. (SparkToro), Nearly 49% of all searches are solved without a click on any search result. (Status Labs), Almost 80% of search engine users are only focusing on the organic results, ignoring ads. (Think With Google), The average number of organic desktop search results that Google shows on Page 1 is 8.59% of total search results. Reliable data in simple displays for presentations and quick decision making. “The industry is preparing itself for 2020. (Wordstream), The average number of form fields on a landing page is 11, but reducing the number of form fields from 11 to 4 can result in a 120% increase in conversions. (Biakelsey), Almost 59% of Americans think that customer service they get through social media has made it easier to get their issues resolved and questions answered. (Adobe, 2019), By the year 2040, as much as 95% of shopping will be facilitated by eCommerce. Mandatory health measures in most regions have affected physical outlets and retail sales have plummeted. (The SEM Post), As much as 64% of respondents trust online search engines the most when conducting research on a business. The retail sector is suffering from the decline of global economic growth in 2020 because of the health crisis due to Covid19 outbreak. (WebpageFX), Almost 33% of Americans say that just a single instance of poor service will force them to consider switching companies. The 2019 global retail development Index is a mix of new consumers and old traditions. Before COVID-19, we had forecast that global retail would expand by 4.4%, to $26.460 trillion in 2020. Please accept so we can continue to customize content for you. Technology continues to change the rules of engagement, consumers are more demanding than ever, and getting them to notice your brand amid all the noise in the market is an even greater challenge. (Statista), At the same time, 91% of Americans want to receive promotional emails. (Salesforce), In 2019, 30% of shoppers were open to buying products from social media platforms like Twitter, Facebook or Instagram. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020 (down from 20.2% last year). (, According to Statista, ecommerce sales by country shows Asia as the leader in ecommerce sales, followed by US, and Western Europe. China’s $2.090 trillion in ecommerce means that Asia-Pacific will produce 62.6% of all digital sales ($2.448 trillion for the region overall). (Bankrate, 2019), Americans have spent roughly $87 billion during Black Friday in 2019. (Wordstream), Video is estimated to account for as much as 79% of global Internet traffic by the year 2020. (Frost and Sullivan, 2017), US B2B ecommerce will reach $1.8 trillion and account for 17% of all B2B sales in the US by 2023. Total Retail Sales, by Country You also have the option to opt-out of these cookies. (Wolfgang Digital), Overall, Google is responsible for 94% of all organic traffic coming from search engines. (Forbes), Transactional emails have 8 times as many opens as regular marketing emails. (Status Labs), Organic SEO has about 5.5 times better ROI when compared to paid search ads. (BigCommerce, 2019), Mobile commerce influences, on average, more than 40% of revenue in leading B2B organizations. (Big Commerce), Shopify powers more than one million merchants in over 175 countries, and has processed a massive $172 billion in sales to date. (Cisco), Using videos on landing pages on average increases conversions by 86%. Even as consumers transitioned en masse to ecommerce during the pandemic, the drag caused by multiple recessions internationally has reduced the overall outlook. Retail sales in North America and Western Europe will generate 42.2% of the worldwide total this year, or $5.254 trillion and $4.249 trillion, respectively. (Temkin Group), Companies that make a coordinated effort to improve their customer experience also see employee engagement rates go up by an average of 20%. Sales:$426.26 billion Increase:35% Top online retailer:Alibaba eCommerce sales as % of total retail sales:10.1% China’s eCommerce growth has exploded, coinciding with the massive sales of the world’s largest online retailer, Alibaba. 50% of B2B search queries were made on smartphones in 2017, and Boston Consulting Group expects that figure to grow to 70% by 2020. (Alist Daily), Lead conversion rates from social media are 13% higher than the average lead conversion rate across all channels. THE BANKING DIGITAL TRUST REPORT 2020: How consumers rank the top 10 US banks on Security, Privacy, ... Walmart Is US Amazon Prime Members’ Site of Choice for Products Unavailable on Amazon, UK Holiday Shoppers Will Be Driven to Digital This Year, More than Just Deals: Singles' Day Is Introducing New Shopping Experiences in China, First-Party Shopping Data and Why It Matters. Gain access to reliable data presented in clear and intelligible displays for quick understanding and decision making on the most important topics related to your industry, included at no extra cost. Nonetheless, ecommerce momentum will be uneven this year. In those countries where a major chain closed down (U.S., United Kingdom, Australia, and Netherlands), sales were down 5 percent compared to 2018. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020 (down from 20.2% last year). (Wordstream), Conversion rates typically range from 1% to 3%. (Wix), Optimizing the checkout process through user testing and other means can increase conversion rates by 35%. (OptinMonster), Slow page load speed times can increase your cart abandonment rate by 75%. (WordPress), Wix helps more than 150 million users in 190 countries around the world to start their website. (Status Labs), As much as 43% of consumers aged 18 to 29 use a brand’s social media site for customer service interactions. (Think With Google), 44% of email recipients made at least one purchase last year based on a promotional email (Marketing Profs), 35% of email recipients open email based on the subject line alone (Marketing Profs), 69% of email recipients report email as Spam based solely on the subject line (Marketing Profs), People who buy products marketed through email spend 138% more than people that do not receive email offers (Marketing Profs), As much as 86% of consumers reported that they would like to receive promotional emails from companies they do business with on at least a monthly basis. Ecommerce has opened up the global marketplace to everyone. (McKinsey), More than two thirds or 72% of businesses say improving customer experience is their top priority. (Hubspot), As much as 4 million businesses pay for advertising on Facebook. (Techcrunch), More than majority of surveyed B2B marketers or 59% reported that email is the most effective channel for generating revenue. (Status Labs), Over 74% of consumers depend on social media to guide them when making purchases. KEY STAT: For both retail and retail ecommerce, the story is the same: Sales in China and the US greatly impact overall global sales metrics. (Think With Google), After performing a local search, 50% of mobile users visit stores within one day. (Unbounce), Just 22% of businesses surveyed are satisfied with their current conversion rates. This page displays a table with actual values, consensus figures, forecasts, statistics and … Global Analysis Focused on the Real Economy World retail sales up 4.7% y-o-y in July, exceeding their equilibrium rate; global inflation picking up Real retail sales grew 4.7% year-over-year in July worldwide, maintaining the strong momentum of recent months. (Status Labs, 2018), As much as 59% of US adults who signed up for a free trial were later charged. Headlined by the Philippines, Malaysia and Spain, nine countries are projected to see more than 20% growth in retail ecommerce sales this year. (Blue Corona, 2018), Shopping online is preferred across generations, as 51% of all Americans, 67% of USA millennials, and 56% of USA Gen Xers prefer shopping online to shopping in-store. After China and the US, the country with the third-largest ecommerce market size is the United Kingdom. (HubSpot), As much as 72% of customers who did a local search visited a store within five miles. (Statista), Over 30% of all time spent online is on social media platforms. A 35% increase from 2013 is double the growth of every country on this list with the exception of Brazil and Germany. (SaleCycle, 2017), More than half, or 58% of people reported to shop online because of the ability to shop 24/7. (Forrester), After having a positive experience with a company, as much as 77% of customers would be open to recommending it to a friend. (Google), Almost 43% of consumers do product research online while they’re already in the store. Reasons like convenience and cost-savings are prompting people to adapt ecommerce, while fact… This number was at 1.32 billion in 2014 and is estimated to reach 2.14 billion by 2021. (Gumroad), WordPress powered ecommerce platform WooCommerce claims to host an absolutely majority of stores online, with 840,000 stores. (Status Labs), Almost 39% of Facebook users like brand pages because the want to research different products. Both for B2C and B2B industries, ecommerce statistics are trending upwards year over year. With intuitive navigation to statistics and analysis on the industry, Passport Fresh Food helps move … (EConsultancy), More than 54% of marketers reported that increasing engagement rate is their number one email marketing priority. (Statista, 2017), Global B2B ecommerce sales are predicted to reach over $6.6 trillion by 2020, surpassing B2C valued at $3.2 trillion by 2020. Total ecommerce sales in the UK is set to increase by 10.9 percent from $127.98 billion in 2018 to $141.93 billion in 2019. However, we have decreased our retail forecast by over 10 percentage points and our ecommerce forecast by 2 percentage points. This category has the following 104 subcategories, out of 104 total. Domestic Shoppers Look Beyond Their Borders. (Shopify Plus, 2019), Consumers spent $601.75 billion online with U.S. merchants in 2019, which is up 14.9% in 2018. The leading 20 global grocery markets are set to generate an additional US$1.9tr in sales, growing by 28% between 2018 and 2023, new forecasts from global research organisation IGD predict.


Sasha Thumper Atlanta, Exxonmobil Layoffs 2020, A Very Brady Renovation Dvd, Gnats Biting Dogs Ears, Difference Between Archeage And Archeage Unchained, Chelsea Winter Mugs, Steve Blackman Wife,