Home / Knowledge / News / Apparel/Garments / Southern Europe online sales to touch €47.8bn in 2014
Southern Europe online sales to touch €47.8bn in 2014
20
Oct '14
The Southern Europe region is expected to garner €47.8 billion in ecommerce sales by the end of the current year, says a report from Ecommerce Europe.

It says online sales in the region have clocked an annual growth rate of 22% since 2010 and in 2013; ecommerce sales touched €40.8 billion or 11% of the total online sales in Europe.

“The e-commerce market is a beam of hope for the crisis-struck Southern European region on its path out of the recession’” the report adds.

Southern Europe is a fertile ground for online retail activities and which has 125 million active internet users and of which 48 million are buying online.

At present, online retail is generating an estimated 2.0% of total retail sales in Southern Europe, which is made up of Spain, Italy, Turkey, Greece, Portugal, Croatia, Cyprus and Malta.

With total e-commerce sales of €14.4 billion, Spain is leading the Southern European region, ahead of Italy with €11.2 billion and Turkey €8.9 billion.

With a growth of 18.9% in 2013, Southern Europe outperforms the European which posted a growth of 17.5% and the EU28 bloc which averaged a growth of 14.7%.

Despite the fact that the growth of the Turkish e-commerce market is declining, it still grew the fastest in Southern Europe at 35.0%.

Due to market saturation, the Turkish growth is expected to further decline to 17.8% in 2014, as a result of which it will be more in line with that of the other countries in the region.

It is forecast that the Greek market will experience the strongest growth at 18.8%, marginally ahead of Italy at 18.2%.

On average, Southern European online shoppers spent €842 per person in 2013, which is significantly less than the EU28 average of €1,500 and the European average of €1,376.

Last year, Greeks spent practically the same amount - €1,345 per person, as the year, but were still the biggest online spenders in the region.

Behind Greece, Cyprus ranked second with an average spending per e-shopper of €1,000, followed by Portugal €954 and Spain €874.

Ecommerce Europe is a European umbrella organization of around 25,000 companies that sell products and services online. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search