State of E-Commerce in Canada 2022
The state of e-commerce in Canada reflects a thriving and rapidly expanding market. In recent years, Canadians have embraced online shopping as a convenient and accessible way to make purchases. This trend has been accelerated by the COVID-19 pandemic, which has further propelled the growth of e-commerce in the country.
The e-commerce market in Canada has experienced steady expansion, with projections pointing towards continued growth. By 2023, the market is expected to generate a revenue of US$62,117.6 million, further solidifying its position as a key player in the global e-commerce scene. The compound annual growth rate (CAGR) from 2023 to 2027 is projected to be 11.0%, indicating sustained momentum and resulting in an estimated market volume of US$94,139 million by 2027.
As part of our annual State of E-Commerce series, this article focuses on the crucial aspects of delivery performance within the Canadian market throughout 2022. We explore how the country's e-commerce logistics have measured up last year, providing insights into the ongoing developments and trends.?
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