Canadian e-commerce is developing rapidly! Retail e-commerce growth rate reaches 12.0%

It is learned that according to foreign media reports, since the outbreak of COVID-19, Canada's retail e-commerce has developed rapidly and has become the main growth driver of Canada's retail industry. In 2021, Canada's retail e-commerce growth rate was 12.0%, reaching 86.52 billion Canadian dollars. (64.51 billion US dollars)

It is reported that Canada's retail e-commerce growth rate was 17.0% in 2018 and 24.0% in 2019. In 2020, Canada's retail e-commerce economic growth rate was 75.0%, second only to Argentina (100.6%), far exceeding the growth of the United States (32.4%) and the world (25.7%).

It is understood that in the past decade, the cost of online shopping for Canadian consumers was higher than it is now, which was manifested in its higher distribution costs, slow absorption of back-end e-commerce technology by the domestic retail industry, and cumbersome customs and tariff systems. But now, as these problems are further resolved, Canada will have huge room for growth.

It is reported that many retailers locked down during COVID-19 will increase investment, and the growth of Canada's e-commerce economy will be stronger than before.

It is learned that Walmart Canada announced that its net sales for the holiday season ending January 31, 2021 increased by 229% year-on-year. The overall net sales increased by 8.6% during the same period, which was the strongest among all international markets. This once again illustrates the rapid development of e-commerce in Canada.

Editor ✎ Nicole/

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