Slovakia Ecommerce

Slovakia Ecommerce

Slovakia Ecommerce

Slovakia's Ecommerce Market

Slovakia is the 56th largest e-commerce market, which is set against Kazakhstan and Kuwait, with revenues worth EUR 1 billion by 2020. The Slovak e-commerce sector has increased by 22%, contributing to a growth rate of 26% worldwide in 2020. E-commerce revenues are also increasing. New economies are emerging, and the current markets will also expand more. For the next few years, global demand will continue. Their expanding middle class and their lagging retail networks will drive East and South-East Asia.

Online sales of natural products to the private end customer are included in the eCommerce industry (B2C). Purchases via computer and mobile shopping via smartphones and tablets are included under this concept. The following were excluded from the scope of ecommerceDB: digitally delivered services (e.g. travel tickets), dedicated online stores to digital media downloads or streams, digital B2B markets shops, and purchases by private individuals (C2Cs) inside the eCommerce market.

Most Stores Online

The Slovak eCommerce Market's largest participant is The company had sales of 367 million US dollars in 2020. The next one is with a revenue of US$ 65 million and with a revenue of US$ 46 million. In all, 45% of retail sales in Slovakia account for the top three stores.

The ranks of stores are based on each store in Slovakia generating sales. These shops can be domestically focused and only sell in their country or work globally. Only revenues produced in Slovakia were taken into account for this assessment. One of Slovakia's fastest-growing stores is Sales of around $8.1 million were produced in 2020. In the previous year, the sales growth totaled is 39%.

The Scale Of The Market And Pace Of Growth

In the next few years, market growth in Slovakia is estimated to continue increasing, as Statista's Digital Market Outlook indicates. The compound annual rate of growth (CAGR 20-24) is projected to be 5 percent for the next four years. This fall is indicative of a relatively flooded sector compared to the 22 percent increase in the previous year. Another measure of market saturation is the online penetration of 46 percent in Slovakia; in other words, 46 percent of the Slovakian population have purchased at least one product online in 2020.

Ecommerce markets in Slovakia are split into five groups. Fashion is Slovakia's leading market with 37 percent of eCommerce sales in Slovakia. This is followed by 28% electronics & media, toys, hobby & bricks with 17%, 10% furniture and appliances as well as food & personal care with 9%.

Top Suppliers For Shipping Services

Slovenska posta is the most popular online provider of services in Slovakia. Among those companies, 37 percent listed Slovensk posta as one of their suppliers, suggesting their service to transport their products. In addition, UPS and GLS are among the top three online retail shipping services firms in Slovakia at rates of 32% and 22%.

Shipping information is built on orders from the main country in which the shop derives much of its online sales. The shipping information is in Slovakia. Only shops that should be considered are the ones that have details about their suppliers.

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Overview of Slovakia Ecommerce

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