{"id":4240,"date":"2019-06-19T15:16:18","date_gmt":"2019-06-19T13:16:18","guid":{"rendered":"https://cross-border-magazine.com/cn/?p=4240"},"modified":"2022-04-21T16:07:48","modified_gmt":"2022-04-21T14:07:48","slug":"uk-e-commerce-to-reach-200-billion-euros","status":"publish","type":"post","link":"https://cross-border-magazine.com/cn/uk-e-commerce-to-reach-200-billion-euros/","title":{"rendered":"UK E-Commerce to reach 200 billion euros"},"content":{"rendered":"

\"UKPhone\"By the end of 2019, the turnover of B2C e-commerce in the United Kingdom is forecasted to reach even more than €200 billion. Compared to last year (€175 billion), that would equal an increase of 14.6%.

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According to a report about the UK by Ecommerce Foundation, an increase of 1 percentage point is also expected for the share of British people who use the internet. This percentage has been at 95% for the previous three years. This increase would mean significant growth in e-commerce sales compared to the last years.

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In 2015, the country’s GDP was made up of an e-commerce sales share of 5.2%. If the forecast will be reached at the end of 2019, that percentage will increase to 8%. An approximate amount of 87% of the British online population is expected to make an online purchase this year. That share has not changed significantly over the years.

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However, the amount that is annually spent on online purchases per customer is increasing with significant amounts. Last year, this amount increased from €2515 in 2015 to €3254. According to the E-commerce Foundation, this average will rise up to an expected amount of €3620.

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Preferences in the UK
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The most frequently used payment method in the United Kingdom is Paypal, with a share of 40%. The second most popular method is a credit card (23.7%), followed by prepaid cards (17.2%).

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As for delivery in the UK, the most preferred option for 61% is still home delivery. Delivery at home in the evening, instead of during the day, is preferred by only 14%. For 13%, the most ideal option is delivery to a (multi-occupancy) mailbox.

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By the end of 2019, the turnover of B2C e-commerce in the United Kingdom is forecasted to reach even more than €200 billion. Compared to last year (€175 billion), that...

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