, Australia
245 views
Source: Photomix (Pexels)

Australia’s e-commerce market to reach over $50b in 2022: report

The market is projected to grow by 13% during the quarter. 

Australia’s e-commerce market is expected to grow by 13% to $50.2b in 2022, largely driven by the increasing shift of consumers from offline to online platforms, GlobalData reported.

“Australia’s e-commerce market has been witnessing high growth over the past few years, supported by growing internet penetration, availability of secure online payment systems, and an increase in the number of online shoppers,” Ravi Sharma, Lead Banking and Payments Analyst, GlobalData, said. 

Read more: Australian household spending jumps 10.2% YoY in June

In its E-Commerce Analytics, GlobalData projected that e-commerce sales in the market will rise at a compound annual growth rate of 10.5% between 2022 and 2026 to reach $74.9b in 2026. 

“The pandemic has brought a permanent shift in consumer buying behaviour, pushing them towards online, a trend that is expected to continue in the coming months,” he said. 

More than 9 million Australian households shopped online in 2022, representing an increase of 200,000 from the previous year.

 

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Restaurant confidence index in HK rises to 6 in Q4
63% of restaurants expect Lunar New Year and Valentine’s Day to positively affect their business.
Global sportswear industry faces softer growth in 2025
Premium products and innovative features are expected to sustain consumer demand.
APAC retail leasing sees renewed growth in Q4 2024
In Japan, the retail market thrives on tourism-fueled entertainment demand.

Exclusives

Indonesia’s Kawan Lama blurs line between online and offline shopping
The group's e-commerce platform, Ruparupa.com has recorded an eightfold increase in visitors who end up buying stuff.
Urban Revivo opens biggest branch in Bangkok
The Chinese fast fashion retailer’s 3,000-square meter store targets consumers aged 18 to 35.