10 most interesting facts about German e-commerce market

10 most interesting facts about German e-commerce market:

1. Germany is the fifth largest country in the world and the second in Europe with the highest revenue from the e-commerce market (USD 76.478 million). China hold the first position (USD 77.422 million), the second – the US (USD 560.747 million), and the third belongs to the United Kingdom (USD 93.082 million).
2. It is estimated that the revenue on the e-commerce market in Germany in 2019 will be 76 478 million USD.
3. Revenues from the e-commerce market in 2017-2023 will increase by approximately 33%.
   
4. The projected annual growth rate of revenues from the e-commerce market (CAGR 2019-2023) will amount to 5.6%. This will lead to an increase in the market value by USD 95 277 million in 2023.

5. The average revenue per user (ARPU) in 2019 will be 1 189.34 USD.

   • I have been following the development of the e-commerce market in Germany for many years, technologically supporting our partners. I must say that I am very impressed by the potential of this sector. It is extremely impressive to observe how fast it is growing. I believe that this positive trend will continue to grow – said Greg Polec, Business Consultant and COO at Codest.
6. It is estimated that by 2023 the number of users on the e-commerce market in Germany will amount to 66 million.
7. 26% of e-commerce market users in Germany are people aged 45-54, 19.9% are aged 35-44%, and 21.5% are people between the ages of 25-34.
   
8. The largest segment of the German e-commerce market is electronics and media. Their total value in 2019 will amount to approximately 23 3380 million USD.
9. 30% of all purchases on the e-commerce market in Germany will be made via bank transfer.
10. The amount of users in 2019 will reach up to 77.8%. It is estimated that in 2023 this number will increase to nearly 80%.