It's an order! Online shopping blowout in the UK, cross-border sellers will usher in a consumption spree of up to 50 billion pounds
It's an order! Online shopping blowout in the UK, cross-border sellers will usher in a consumption spree of up to 50 billion pounds
The UK is a mass consumer society, no matter what the economy is, people like to shop. Since the quarantine measures were adopted in March last year, Britons have been working from home and shopping online more frequently.
Online shopping sales have soared, and it is expected that this trend of online shopping will continue. At the same time, the United Kingdom has become a country of accidental savers. According to foreign media reports, by the middle of 2021, as many as 180 billion pounds of deposits will be deposited in the United Kingdom.
With the gradual relaxation of restrictions on activities, the UK will once again become a consumer country.
The study found that British families plan to spend a total of 50 billion pounds during 2021. In other words, cross-border e-commerce sellers will usher in a consumption spree of up to 50 billion pounds (69.2 billion US dollars). Sellers must grasp the shopping needs and buying trends of British consumers and seize opportunities.
British people's interest in online shopping is increasing day by day. Internet users in the UK spend an average of 6 hours and 26 minutes online every day, of which 9pm on Monday is the peak time for online shopping and online transactions.
According to the forecast of FIS Worldpay, by 2024, more than 20% of shopping in the UK will be completed online, and online consumption will reach 264 billion pounds. By 2024, it is estimated that 40% of online shopping in the UK will be done via mobile phones.
38% of consumers in the UK like to shop across borders, and their expectations for free shipping are increasing. 83% of consumers will check the return policy, and more than half of consumers hope that the return is free.
In 2021, a quarter of Britons plan to spend more money this year, and 34% of Britons said that they expect to spend more on travel and accommodation for overseas holidays this year.
The British tend to determine travel destinations through word of mouth and social channels. Facebook and Instagram influence the choice of travel destinations for British people.
It is worth noting that Britons spend an average of 1 hour and 49 minutes a day on social media platforms and apps.
Social networks occupies an important position in the purchase decision of British people. As of January 2021, the United Kingdom (UK) has 53 million active social media users, which means that the penetration rate of social media in the UK population has reached 77.9%.
Social media can easily connect with consumers and establish online communities to attract current and potential customers. Mobile social networks are becoming more and more popular, and this is also a big piece of cake that cross-border e-commerce sellers cannot miss.
