In 1830, Belgium was an autonomous Western European nation from the Netherlands. The nation is notable because it homes two major language groups: the Dutch-speakers, including about 60% of the population, and the French-speakers, who live mainly in Wallonia. The north part of Belgium is Flanders and is connected or based on the Netherlands, while Wallonia interacts mostly with France. It is estimated that 10.4 million are living people in Belgium as of July 2013, of which 40.6% are between the ages of 25 and 54.
When they are in need to pay for online orders, Belgian consumers love the local Bancard payment system or the credit card. Research by BeCommerce in 2018 showed that 68% of all orders online and 30% of the money that was spent online were used in Bancontact. The current research showed that in the fourth quarter of 2020, Bancontact used 45% of all online orders. The credit card is Belgium's second most common payment form.
The most famous items online are clothing and shoes. Around six out of 10 Belgians bought goods online at least once, and every month one in four Belgians purchased products online. Nearly half of Belgian customers choose to buy from a shop in the city or the known one.
Belgium was the 24th biggest market in eCommerce and to be set ahead of Thailand and Norway by revenue of US$6 billion in 2020. The Belgian eCommerce industry increased by 17%, which led to a global growth of 26% in 2020, the E-commerce revenues continue to grow. New trends are emerging, and developed markets will also expand more. For the next few years, global demand will continue. Their expanding middle-class and delayed offline retail infrastructure was pushed by East and South East Asia.
Online purchases of physical products to a private end customer involve the eCommerce industry (B2C). Purchases make my computer and mobile purchases via smartphones and tablets are included in this concept. The following services are excluded from the scope of eCommerceDB: digitally delivered services (e.g. flight tickets), dedicated online stores media download or streamed online shops; B2B online stores; and sales among private people (C2C) in eCommerce markets.
Bol.com is Belgium's largest leader in eCommerce. The store's revenue in 2020 was US$524m. Coolblue.be with revenue of 422 million USD was followed and Zalando.be with a revenue of 319 million USD. The top three retailers make up 20% of Belgium's online revenues.
The ranking of stores is based on each store in Belgium that produces sales. These stores may be domestic and sell either in their country or run on a global scale. Only revenues produced in Belgium were considered for this assessment. Farmaline. be is one of Belgium's fastest expanding stores. Sales of approximately US$61.9 million were produced in the year 2020. In the last year, its sales increase was 19%.
The growth in the market in Belgium, as seen in the Statista Digital Market Outlook, is projected to continue in the coming years. Composite annual growth (CAGR 20-24) has been forecast to be 6% for the next four years. This decline shows a relatively flooded market compared to a 17% increase year-over-year. 63% of the Belgian population has purchased at least one product in 2020online. In Belgium, a different indicator of the Saturation metric is the online penetration of 63%.
The ecommerceDB considers five groups. Fashion is Belgium's biggest market and accounts in Belgium for 33% of eCommerce sales. Followed by 22% electronics and media and toys, hobby & bricks with 19%, furniture & equipment with 16% and the other 10% for food and personal care.
Bpost is the most widely available supplier of postal services to online retailers in Belgium. Among some stores, 51% cited Bpost as one of their suppliers, while some indicate services they use to transport their products. Furthermore, UPS and PostNL rank 16% and 15% among the top three online retailers offered delivery services in Belgium.
Shipping information is according to orders from the main country of the store, which is the one in which much of its online revenue is generated in Belgium. Only stores that should be considered are the ones that have information about their suppliers.
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Belgium Ecommerce Table of Contents
Belgium Ecommerce Shopify is a software company that specialises in ecommerce software for small to enterprise level businesses.
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