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Home Is e-commerce still profitable in 2022 in the UK?
14 Jul 2022 By PAYCEC
It is, indeed. Ecommerce grew throughout 2021 after the market's first expansion, which was caused by the epidemic. In terms of statistics comparing online and in-store buying, the UK market is far ahead of the US, where only 13 percent of retail purchases were made online in 2021.
Online retailing as a whole in the UK increased by an amazing 72.7 percent year over year in January 2021, with online sales of textiles and clothing increasing by 48.9 percent, according to figures on e-commerce growth. In 2021, the UK's e-commerce market had a value of £182.9 billion.
Ecommerce sales in the UK will account for 36.3% of all retail sales in 2022.
It is safe to state that the nation is setting the pace for current European e-commerce sector trends.
Additional Information: The UK ecommerce statistics 2021 - Insights for businesses to scale up in the UK ecommerce market
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