Growth rate reaches 12%! Canada's e-commerce is developing rapidly

According to foreign reports, since the outbreak of the COVID-19 pandemic in 2020, Canada's retail e-commerce has developed at a rapid pace. E-commerce has now become one of the main growth drivers for Canada's retail industry.

Relevant data show that Canada's e-commerce growth rate in 2021 has reached 12%, reaching 86.52 billion Canadian dollars, equivalent to 64.51 billion US dollars. Such a huge growth is of course inseparable from the support of the Canadian people.

Taking earlier data as an example, Canada's retail e-commerce growth rate was 17.0% in 2018 and 24.0% in 2019. In 2020, perhaps due to the epidemic, Canada's e-commerce economy grew rapidly, with its retail e-commerce economic growth rate of 75.0%, second only to Argentina (100.6%), far exceeding the growth of the United States (32.4%) and the world (25.7%).

Survey data shows that in the past decade, the cost of online shopping for Canadian consumers was very high, much higher than it is now. This was manifested in the higher distribution costs we all know, the slow absorption of back-end e-commerce technology by Canada's domestic retail industry, and the cumbersome customs and tariff system. These are the main reasons for the slow development of Canadian e-commerce companies and Canadians' reluctance to shop online.

But now, as these problems are further resolved, more and more e-commerce companies are taking root in Canada, and modern information technology is developing rapidly, it is expected that Canada's e-commerce retail industry will have greater room for growth in the future.

In addition, during the 2020 epidemic, offline stores were blocked, leading to more e-commerce companies increasing their investments, which will also drive the growth of Canada's e-commerce economy to be stronger than ever before.

In addition, Walmart Canada announced earlier that its net sales for the holiday season ending January 31, 2021 increased by 229% year-on-year, and its overall net sales increased by 8.6% during the same period, the strongest among all international markets. This once again illustrates the rapid development of e-commerce in Canada. Sellers who want to expand their market can pay special attention to it.

Canada

E-commerce

develop