eCommerce market in Spain
Market development
eCommerce revenue development in Spain
Spain is the 15th largest market for eCommerce with a predicted revenue of US$33,536.1 million by 2024, placing it ahead of Mexico. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 9.9%, resulting in a projected market volume of US$48,955.1 million by 2028. With an expected increase of 13.0% in 2024, the Spanish eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Spain, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Spanish eCommerce market. Electronics is the largest market and accounts for 25.1% of the Spanish eCommerce revenue. It is followed by Hobby & Leisure with 21.1%, Fashion with 16.4%, Care Products with 10.6%, Furniture & Homeware with 10.3%, Grocery with 8.5%, and DIY with the remaining 7.9%.
eCommerce revenue development in Spain
eCommerce revenue growth in Spain
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 2.7 | 24.2 | 42.7 | 88.6 | 58.6 | 38.7 | 38.2 | 30.2 |
Top stores
Top five online stores in Spain by net sales 2023
The biggest player in the Spanish eCommerce market is amazon.es. The store had a revenue of US$3,876.0 million in 2023. Store rankings include every store that generates revenue in Spain. 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 Spain was considered.
eCommerce net sales generated in Spain 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 Spanish eCommerce market
With 95.0% VISA the most commonly offered payment method of all online stores in the Spanish eCommerce market in 2023. Like VISA Mastercard with a share of 94.7% and American Express with a share of 41.5% the payment type Cards is the most common used by online retailers in in the Spanish eCommerce market in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 83.2% and Bank transfer/cash in advance (Bank transfer) with 53.3% of stores offering that payment method to the clients.
Top 5 offered payment methods in the Spanish eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Spanish eCommerce market
Despite Correos's dominant position with 35.0% of online stores opting for its services, the Spanish eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including SEUR, UPS (United Parcel Service), DHL, and GLS, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Spanish eCommerce market
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