Global E-Commerce Statistics

Global e-commerce has expanded almost exponentially in the twenty-first century. In 2010, the U.S. spent almost $153 billion on online retail sales while the European Union spent almost $163 billion that same year. In both places, the biggest expenditures were on electronics. Electronics in the U.S. accounted for 23% of purchases and in the E.U. it was 25%. The Asia-Pacific market spent $81 billion in sales in 2010 with 21% of those purchases on electronics. In 2010, the world retail market grew by 18%.

Worldwide Growth

In 2012, over one trillion dollars was spent worldwide on online sales, up 21.99% from 2011. U.S. online shoppers alone spent over $225 billion dollars that year which was 15% more than the previous year. Online sales in the U.S. accounted for almost 30% of the world’s online sales in 2012.

While the U.S. accounts for the most online purchases, it is closely followed by the U.K. and then Japan; however, online shopping is quickly expanding in China whose purchases accounted for 14% of online sales in the world in 2012. In 2011, China’s online sales increased 130% over the previous year and it is believed they will lead the world in online purchases in the future.

The average online shopper in China does not spend as much as shoppers in the west. The average Chinese online shopper will only spend an average of $670 a year while shoppers in the U.K. will spend an average of $3,878. Shoppers in the U.K. spend more per year on online sales primarily because of purchases of food and apparel. The sale of grocery items in the U.K. doubled between 2008 and 2012.

Following the U.K. in per household e-commerce expenditures is Australia, followed by Norway, the U.S. and then Denmark. The number of internet users continues to grow. In 2011 there were over 2 billion in the world.

By Region

By region, in 2013, North America accounted for 31.5% of worldwide online sales according to E-Marketer. The Asia-Pacific region accounted for 33.4%, Western Europe 25.7%, Eastern Europe 3.9%, Latin America 3.5% and the Middle East and Africa 2.1%. The number of online shoppers in China, however, is expected to exceed 440 million by 2016 primarily because retail marketers have not set up brick and mortar stores in smaller towns and cities throughout China making online purchasing the most convenient means of shopping.

According to the US Census Bureau, the estimate for third quarter e-commerce sales in 2013 was sixty-seven billion dollars which was an increase of 3.6% from the second quarter, and a 17.5% increase from the third quarter in 2012 which accounted for 5.9% of total sales in the country.

e-commerce in the US was up an estimated 13.4% in 2013 over 2012; however, only 4 million new online shoppers were added this year meaning that the majority of money spent will come from more experienced users. New customers to online sales usually start small buying CDs and books before moving to more high-dollar purchases. Because of the increase in the mobile market, shoppers are able to access the internet anywhere at any time. The use of on-line technologies change the way businesses work and this is the most evident in the U.S. and Sweden.

As confidence in global e-commerce and online payment processing solutions grow, online purchases will also grow. The majority of sales are attributed to experienced online shoppers, not new online shoppers who tend to spend conservatively on small-ticket items such as CDs and E-books. As online shoppers’ age, the amount of their online purchases increases.

Global E-Commerce: Will You Refuse Extra 10% Profits?

The rise of the cross-border E-commerce makes the procurement easier and more convenient since Internet procurement is unlimited to order quantity and has more advantages in price which is much more competitive than traditional wholesale. Meanwhile, shipping duration of the cross-border procurement has been shortened to a large extent. For example, in case of shipping goods purchased online from China to the United States, the shipping duration by ePacket has been shortened to about 10 days at fastest. The cross-border E-commerce has become more and more important for medium and small-sized merchants from all over the world.

As is well known, the E-commerce has great advantages in rich products and competitive price. However, as a purchaser, have you really been benefited from such advantages? In a word, cooperating with a purchase platform which provides products of higher quality at more competitive price is always the most important to purchasers.

Let’s talk about commissions charged by several main E-commerce platforms. Nothing comes for free. It seems that you get the benefit, but the price has been paid. (The commission proportion shall be compared with each other taking accessories as example for equal comparison).

I. Global E-commerce platform is the main procurement channel, but the price shall not be the advantage as for medium and small-sized merchants upon comparison of the following data.

1. Amazon: about 15% of order totals shall be charged as the commission.

2. AliExpress: about 8% of order totals shall be charged at least as the commission.

3. Wish: about 15% of order totals shall be charged as the commission.

4. eBay: about 10% of order totals shall be charged as the commission.

II. Many regional emerging E-commerce platforms charge commissions no less than the aforementioned main platforms, and price of products supplied is not much lower in fact.

1. Newegg: an E-commerce website of the United States, charging 12% of order totals as the commission.

2. Cdiscount: an E-commerce platform of France focusing on wholesale, charging 15% of order totals as the commission.

3. Lazada: the largest E-commerce platform of Southeast Asia, charging 12% of order totals as the commission.

4. ioffer: small-amount wholesale platform of the United States, charging 10% of order totals as the commission.

Compared with traditional procurement channel, advantages of cross-border E-commerce are self-evident. With stable development of those large platforms, the price shall not be taken as advantage any longer. What’s more, more and more terminal consumers begin to buy from the E-commerce platform directly taking the price into consideration. As a result, wholesalers’ profits are squeezed imperceptibly.

However, in fact, traditional retail market won’t disappear due to E-commerce. In order to ensure their profits, the medium and small-sized merchants need a more advantageous procurement channel.

More and more enterprises have separated themselves from those large platforms and begun independent development. They establish independent PC client and mobile client platforms to conduct transactions with overseas purchasers directly. They would rather spend resources developing their own apps than lose the advantage in competitive price.

As for the cross-border E-commerce, costumes and accessories are always developing fastest. There are several highly-recommended emerging vertical E-commerce platforms as follows. They implement independent operation through signing contracts with factories directly. Without any commission, their price is obviously more affordable and more reasonable.

1. PatPat. Available in 2014, PatPat focuses on maternal-neonatal toys market and implements B2C mode by developing mobile client. The platform takes the United States as target market and lower-middle income and young families of Europe and America as target consumers. Price of products on the platform is equivalent to 30% of that on Amazon on average.

2. Chic Me. Available in 2015, Chic Me focuses on female costumes market and implements B2C mode by developing PC client and mobile client. The platform takes females of Europe and America as target consumers. Price of products on the platform is 20%-40% lower than that of local retailers on average.

3. Jollychic. Available in 2014, Jollychic focuses on female costumes market and implements B2C mode by developing PC client and mobile client. The platform takes females of Middle East as target consumers. Price of products on the platform is 10%-30% lower than that of local retailers on average.

E-Commerce Global Economy And Its New Trend

The use of the internet has grown and gone on to becoming the greatest way to communicate, operate a business, research things and a whole lot more. Along with the internet world wide fame and its usage, this trend in e-commerce global economy for business is now spreading more than a disease and does play a big role in the global economy. The e-commerce has helped change the way people are conducting their business. It has help small to large businesses as they can go online to open up and present their products and services to grow while being in the internet.

For those who are not sure just what e-commerce is, then you need to know that it is associated with purchasing and also selling things right online. This is really like a technique of selling a product or service on the internet. So if you have a business and want to put your products or services online you shall need to have an attractive website and also an e-commerce where your products or services will be their for many customers to choose from.

There are other ways to trade or sell and that is with the use of televisions, telephones, Electronic payments and fax. They also play a role in the boom of e-commerce which is an integral part of the global economy. Now there is the WTO, which is also becoming multilateral trade frame work and will find just what rules and regulations will apply to this as well.

Along with the emergence of the e-commerce business over the past decades, a large number of e-commerce business providers of solutions, have also grown just as much. The providers for the e-commerce services perform quite a lot of useful jobs for several kinds of businesses, like research of the market, gathering plenty of traffic for the store front of your online sales of products or services.

There are reports that the e-commerce services are the biggest thing to ever be available on the internet. This is due to the fact that when doing your business online with the commerce services, it has a high success rate for the sales of many products and services.

These days there are many restaurants operating under the system of e-commerce. The provider of the e-commerce solution will perform several tasks for the restaurant as they advertise online. One good way to help boost business is by showing your products or services from a brochure sites online. This is another great way to present your business to the online users.

With this e-commerce services that are available for any business, is changing the way people will operate their businesses. Just about everything in the world today is being globalize, such as businesses.

The global e-commerce businesses do have a new trend as it is a big role in the global economy today. Another thing is that the providers of these services can not be left forgotten as they are known to help businesses to become very fruitful and successful.