E-commerce in Germany to be worth almost 60 billion euros in 2019

The latest figures come from Handelsverband Deutschland

E-commerce in Germany to be worth almost 60 billion euros in 2019. Source: shutterstock.com

According to Ecommerce News, e-commerce in Germany is predicted to increase by 9% this year. This means the German online retail industry could be worth 57.8 billion euros at the end of 2019. The growth rate of German e-commerce has slowly been decreasing in the last few years.

The latest figures come from Handelsverband Deutschland, which did not only share e-commerce statistics, but also about the whole retail industry in Germany. According to the retail association, the business-to-consumer e-commerce industry in Germany was worth 53.3 billion euros last year and is now predicted to increase by 8.5%. If this happens, e-commerce in Germany will be worth 57.8 billion euros at the end of this year.

Online retail sales in Germany (2000-2019)

When we look at the total retail industry in Germany, companies are divided about its growth. For the year 2019, 35% of companies surveyed expect a decrease in sales, 32% expect an increase, while the remaining 33% think the total retail sales will stagnate.

But when asked about the online sales expectations of the multichannel industry, 64% expect an increase, while only 11% think these sales will decrease in the current year.

SEE ALSO: Leading e-commerce payment methods in Europe. Part 4

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