e-Commerce Market Analysis

The eCommerce market in Norway

Norway is the 23rd largest market for eCommerce with a revenue of US$5 billion in 2019, placing it ahead of Belgium and behind Austria.

With an increase of 9%, the Norwegian eCommerce market contributed to the worldwide growth rate of 16% in 2019. Revenues for eCommerce continue to increase. New markets are emerging, and existing markets also have the potential for further development. Global growth will continue over the next few years. This will be propelled by East and Southeast Asia, with their expanding middle class and lagging offline shopping infrastructure.

The eCommerce market includes online sales of physical goods to a private end user (B2C). Included in this definition are purchases via computer as well as mobile purchases via smartphones and tablets. Excluded from the definition of ecommerceDB are the following: digitally distributed services (e.g., travel tickets), online stores dedicated to digital media downloads or streams, online stores dedicated to B2B markets, and sales between private individuals (C2C) within the eCommerce market.

The eCommerce market in Norway

Top online stores

The biggest player in the Norwegian eCommerce Market is elkjop.no. The store had a revenue of US$253 million in 2019. It is followed by komplett.no with US$228 million revenue and zalando.no with US$156 million revenue. Altogether, the top three stores account for 10% of online revenue in in Norway.

Store rankings are based on every store that generates revenue in in Norway. 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 in Norway was considered.

One of the fastest-growing stores in the Norwegian market is jysk.no. The store achieved sales of about US$18.8 million in 2019. Its revenue growth amounted to 33% in the previous year.

Top online The eCommerce market stores in Norway by eCommerce net sales 2019 in million US$ The table shows the stores that generate the highest revenue in the Norwegian market. For this evaluation, only revenue created in in Norway was considered. Basis are all shops on eCommerceDB that operate in in Norway.

# Store
1. elkjop.no US$253m
2. komplett.no US$228m
3. zalando.no US$156m
4. netonnet.no US$115m
5. kolonial.no US$114m
The eCommerce market in Norway

Market size and growth rate

Revenue in 2019
US$5,426m
REVENUE
CAGR 2019-2023
6%
CAGR

Digital Market Outlook by Statista

The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
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Market expansion in in Norway is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 19-23) for the next four years will be 6%. Compared to the year-over-year growth of 9%, this decrease suggests a moderately flooded market. Another indicator of market saturation is the online penetration of 79% in in Norway; in other words, 79% of the Norwegian population have bought at least one product online in 2019.

Five categories are considered by ecommerceDB. Fashion is the largest segment in in Norway and accounts for 29% of the eCommerce revenue in in Norway. This is followed by Electronics & Media with 24%, Toys, Hobby & DIY with 20%, Food & Personal Care with 15% and Furniture & Appliances with the remaining 12%.

The eCommerce market in Norway
Top shipping service providers

In in Norway, DHL is the most frequently offered delivery service provider among online stores. Of those stores that indicating which service they use to transport their goods, 8% cited DHL as one of their providers. Moreover, UPS (United Parcel Service) and DPD are among the top three shipping service companies offered by online retailers in in Norway, at rates of 6% and 4%.

Shipping information is based on orders from the store's main country, which is defined as the one where the store generates most of its online revenue. In this case, it is in Norway. Only stores that provide information about their shipping providers can be considered.

Competitor analysis of shipping service providers in Norway The table shows the most offered shipping providers in in Norway. Shipping information is based on orders from the store's main country, which is defined as the one where the store generates most of its online revenue. In this case, it is in Norway. Only stores that provide information about their shipping providers can be considered.

# Shipping service provider
1. DHL 8%
2. UPS (United Parcel Service) 6%
3. DPD 4%
The eCommerce market in Norway

Explore the competitive landscape