Canadian retail sales are expected to see new growth in September!

According to foreign media reports, Canada's retail sales in August increased by 2.4% compared with July, and this figure is expected to usher in a new breakthrough in September. As the epidemic in Canada eases, the country's residents are returning to physical stores. Therefore, Canada's retail sales in July were not very optimistic and showed an overall downward trend.

However, the market warmed up again in August. But judging from the data, the impact on clothing retail sales in these two months was the smallest, which also surprised many sellers. Especially in July, clothing products set a record high with a growth of 7.6%.

As an important market in North America, Canada's e-commerce market is highly competitive. When it comes to Canada's e-commerce platforms, they are roughly the same as those in the United States. The country's e-commerce share accounts for more than 17% of total retail sales . Large e-commerce platforms such as Amazon, Walmart, and eBay still occupy most of the market share. Among them, Amazon ranks first, with a monthly traffic of over 100 million.

For many sellers, the Canadian market is easier to enter than the Latin American market, where local consumers prefer local e-commerce platforms, while the Canadian e-commerce market accounts for a larger proportion of foreign e-commerce.

It is easier for foreign sellers to enter this market mainly because, firstly, there are 31 million Internet users in this country , accounting for four-fifths of the total population, and the consumer group is huge. Secondly, the market has broad prospects. According to relevant data forecasts, by 2022, the per capita online shopping consumption in the Canadian e-commerce market will reach US$1,128, and e-commerce sales are expected to exceed 86 billion Canadian dollars.

According to UPS statistics, about 83% of Canadian consumers said they would choose cross-border shopping. Among them, Chinese products are very popular among consumers in this country, which has also played an important role in Chinese sellers entering the Canadian market.

Judging from the consumption trends in the market, the most popular products among Canadian consumers are clothing and electronic products, and the popularity of outdoor products is also gradually increasing. In terms of clothing accessories and outdoor products, sellers of sportswear and outdoor equipment can pay special attention, such as tents, flashlights, etc.

Canada

Retail Sales

New Growth