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Australia’s e-commerce grows to US $ 53 billion post-pandemic | Retail News Australia – Apparel Resources

Australia’s e-commerce grows to US $ 53 billion post-pandemic | Retail News Australia – Apparel Resources

 

  

Image Courtesy: summalinguae.comA recent study conducted by real estate firm CBRE indicates a notable surge of 113 per cent in Australia’s e-commerce industry from 2017 to 2022, reaching a significant US $ 53 billion milestone. Titled Australia’s E-Commerce in the Post-Pandemic Era, the report outlines a remarkable growth trajectory, highlighting a peak of 15 per cent surge in online retail trade in April 2022, which then moderated to a three-year low of 12.6 per cent by March 2023. Despite this decline, the sector has stabilised at a growth rate considerably higher than the average annual growth of 2.5 per cent… 

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