eCommerce market in Canada
Market development
eCommerce revenue development in Canada
Canada is the 11th largest market for eCommerce with a predicted revenue of US$62,103.3 million by 2024, placing it ahead of Australia. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 10.0%, resulting in a projected market volume of US$90,830.1 million by 2028. With an expected increase of 12.6% in 2024, the Canadian eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Canada, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Canadian eCommerce market. Fashion is the largest market and accounts for 23.7% of the Canadian eCommerce revenue. It is followed by Hobby & Leisure with 20.8%, Electronics with 20.3%, Furniture & Homeware with 10.4%, DIY with 9.8%, Care Products with 9.4%, and Grocery with the remaining 5.6%.
eCommerce revenue development in Canada
eCommerce revenue growth in Canada
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 58.3 | 24.4 | 80.1 | 50.8 | 20.9 | 57.7 | 28.3 | 41.4 |
Top stores
Top five online stores in Canada by net sales 2023
The biggest player in the Canadian eCommerce market is amazon.ca. The store had a revenue of US$12,509.5 million in 2023. Store rankings include every store that generates revenue in Canada. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in Canada was considered.
eCommerce net sales generated in Canada in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Canadian eCommerce market
With 97.7% VISA the most commonly offered payment method of all online stores in the Canadian eCommerce market in 2023. Like VISA Mastercard with a penetration of 97.7%, American Express with a share of 72.5%, and Discover with a share of 34.7% the payment type Cards is the most common used by online retailers in in the Canadian eCommerce market in 2023. With a share 65.0% PayPal is the most common used payment method offered to the clients of type E-wallets.
Top 5 offered payment methods in the Canadian eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Canadian eCommerce market
Despite Canada Post's dominant position with 78.7% of online stores opting for its services, the Canadian eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including FedEx, UPS (United Parcel Service), Purolator, and Canpar, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Canadian eCommerce market
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