Ecommerce in the UK is expected to reach EUR 222.5 billion at the end of 2020, showing an increase of almost 11% compared to 2019, Ecommerce News Europe reports.
However, the predicted growth of 10.96% is the smallest growth rate registered since 2016, when – according to a study from RetailX – the industry increased with only 4.47%.
96% of the UK population is expected to be online in 2020, as this country is one of the largest B2C ecommerce markets in Europe. In 2019, ecommerce in the UK surpassed EUR 200 billion, and now it is set to add an extra EUR 22 billion on top of that, Ecommerce News Europe reports.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.