DHL Express has found that cross-border retail volumes are predicted to increase at an annual average rate of 25% between 2015 and 2020 (from USD 300 billion to USD 900 billion).
According to the report entitled The 21st Century Spice Trade: A Guide to the Cross-Border E-Commerce OpportunityOnline, DHL Express considers that retailers are also boosting sales by 10-15% on average by extending their offering to international customers.
Although ecommerce is booming, only 12% of retail businesses export online to other countries because of the high prices incurred by cross-border parcel shipment.
And this happens when 37% of retailers now sell via the internet in their own country, according to recent research by B2C Europe analysing the shopping habits of online consumers in eight countries in the eurozone, emarketservices.com reports. Read more
The domestic ecommerce market in Russia increased from RUB 560 billion (USD 7.1 billion) in 2014 to RUB 650 billion (USD 8.2 billion) in 2015, a recent report reveals.
It now accounts to 2% of the total retail industry in Russia, so there is still great growth potential, according to a report issued by Data Insights, a market research company, ecommercenews.eu reports. While the domestic market is slowing down, cross-border purchases continue to grow rapidly.
Asian-based payment methods are driving global mobile payments adoption, a recent reserach study highlights.
JCB recorded the highest share of mobile payments across all the payment methods analysed, with 54% of payments on the Adyen platform made on a mobile device, up from 47% last quarter. Alipay increased to 44% (up from 35%), and UnionPay to 31% (from 23%), according to the quarterly issued Mobile Payments Index by global payments technology company Adyen.
Indian ecommerce imports are forecasted to increase 78%, due to the domestic internet users inclined to buying goods across borders, a recent researh study reveals.
A substantial 27% of the orders are being executed from US-based websites, whereas 11% come from China and 10% from UK, according to a recent research study issued by PayPal, bharatpress.com reports. About 53% of those online purchasing via overseas websites are for items like clothes/attire, footwear and equipment. Electronics are expected to take 51% and digital leisure and schooling gadgets 44%.
Seventy percent of global e-commerce experts agree that selling cross-border has proven to be profitable and a growing share of merchants are willing to focus on emerging markets to sell their goods, according to a new report from Payvision and CardNotPresent.com. In its third year, Key Business Drivers and Opportunities in Cross-Border E-Commerce, the largest B2B cross-border e-commerce survey in the world, found that fear of emerging markets—specifically China—is waning. The number of respondents who agreed that emerging markets are their primary focus when selling internationally grew from 31 percent in 2014 to 40 percent this year.
The ecommerce volume in Turkey has reached EUR 6.34 billion in 2014, after it increased by 35% compared to 2013, a recent report unveils.
According to a research conducted by TUBISAD, ecommerce in Turkey now represents 1.6% of all retail business in the European country. The country’s economy is now in a period of relatively slow growth, while the ecommerce volume showed a strong increase in the share of retail spending.
According to the report, the ecommerce sector still lacks a solid legal background and proper regulations in order to grow further. Something that is needed, taking into account ecommerce in Turkey represents 1.6% of retail business, while this share is about 6.5% in developed countries. Read more
Cross-border B2C e-commerce will surge to $1 trillion in 2020, according to a new report from Accenture and Alibaba Group’s research unit, AliResearch. The global market for cross-border e-commerce, which sat at $230 billion in 2014, will grow at a compound annual rate of more than 27 percent over the next five years, and, the report said, most of that growth will be driven by China. Read more
Singapore is a promising ecommerce market for international retailers looking to sell abroad, recent research data reveals.
The local market is promising due to the highest disposable income per household in Asia, a large population of expatriates, a thriving economy and shoppers’ familiarity with global brands, according to a report issued by the ecommerce solutions provider Borderfree, retailtimes.co.uk reports. Read more
Norwegian ecommerce market generated EUR 10 billion (NOK 88 billion) in 2014, with an esitmated 15% increase in 2015 (10.8 in 2014), recent data reveals. Read more
European commissioner Margrethe Vestager has said that companies charging online shoppers higher prices for the same goods depending on where they live could be breaking the law.
Margrethe Vestager announced an inquiry into Europe’s ecommerce marketplace, subject to approval by the European commission in May 2015, theguardian.com reports. Her investigation will examine why prices can vary so dramatically between the country-specific websites of retailers such as Amazon and Apple. Read more