Market Research Report
The Implications of Brexit for UK and EU B2C E-Commerce 2019
|Published by||yStats.com GmbH & Co. KG||Product code||916826|
|Published||Content info||53 Pages/Charts
Delivery time: 1-2 business days
|The Implications of Brexit for UK and EU B2C E-Commerce 2019|
|Published: November 19, 2019||Content info: 53 Pages/Charts||
Brexit's Impact on European B2C E-Commerce revealed in a new report by yStats.com
The UK is the world's third largest online retail market, and the top market in Europe. The looming Brexit on 31 January 2020 is expected to have significant consequences for regional and domestic B2C E-Commerce. In particular, a no-deal Brexit could negatively affect cross-border online exports of UK sellers to the EU, as online shoppers would refrain from buying internationally if additional costs apply after checkout, according to the survey data cited in the yStats.com report. At the same time, non-EU destinations are already more popular among UK online shoppers when buying cross-border, and their lead over EU sellers could strengthen after Brexit.
As another potential consequence, Brexit could help E-Commerce gain an even higher share of overall retail sales in the UK, already reaching above one-fifth, according to some estimates referenced in the yStats.com report. Weaker demand for non-food items as a result of consumers' worries over the outcome of Brexit hit store-based retail more severely than it did E-Commerce. By 2023, more than one-quarter of UK's overall retail sales could be online.
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