Cross-border B2C e-commerce market trends to look out for in 2023
Cross-border
e-commerce refers to the transnational and international exchange of
commodities through online stores run by retailers and brands where customers
can buy items and have them shipped outside the base of the sellers.
The size of the
worldwide B2C cross-border e-commerce market in 2021 was US$ 765.73 billion. By
2030, the size of the worldwide cross-border B2C e-commerce industry is anticipated
to reach US$ 6,209.29 billion, expanding at a compounding yearly growth rate
(CAGR) of 26.2%
from 2022 to 2030.
The B2C
e-commerce market in the Middle East and Africa is anticipated to increase
by 22.38% yearly to reach US$104.1 billion in 2022. While it is anticipated
that the B2C e-commerce sector in India will grow to $98.4 billion by 2023. The
main product categories in this industry that are booming are entertainment
& education, consumer electronics, home furnishings, personal care &
beauty, healthcare & nutrition, footwear, food & beverage, and others.
Apparel and accessories now hold the biggest market share.
RSA Global launches a new multi-tier e-commerce fulfillment facility to support the growing demand of e-commerce industry in the region.
On for the long run: Green Planet Industries renews exclusive supply chain partnership with RSA Global
