eCommerce: Market Revenue Growth
eCommerce Revenue Growth in Russia
How has the Russian eCommerce market's revenue growth trended from 2018 to 2026? Explore the fluctuations in our data analysis.
Article by Patrick Nowak | June 19, 2024Download
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eCommerce Revenue Growth in Russia
What Was the Trend in eCommerce Revenue Growth in the Russian Market from 2018 to 2026?
The eCommerce sector in the Russian market has experienced a notable growth trajectory over the years 2018 to 2026. The initial years of 2018 and 2019 saw steady growth rates of 48.3% and 18.7%, respectively. The year 2020 marked a significant surge with a growth rate of 42.3%, followed by a slight dip to 19.2% in 2021. The momentum picked up again in 2022, reaching a growth rate of 36.8%. However, 2023 saw a slight contraction with a -3.5% decline. Looking ahead, the market is forecasted to rebound with growth rates of 9.0% in 2024, 7.6% in 2025, and 5.6% in 2026. These fluctuations highlight the dynamic nature of the eCommerce market in Russia, showcasing both periods of rapid expansion and temporary setbacks.
Main Facts: Trends in Russian eCommerce Revenue Growth, 2018-2026
- Consistent Growth in Russian eCommerce: The Russian eCommerce market has shown steady growth over the years, with revenue growth rates of 48.3% in 2018, 18.7% in 2019, and 42.3% in 2020.
- Peak in 2022: The market experienced a significant peak in 2022 with a revenue growth rate of 36.8%, indicating a strong performance during that year.
- Forecasted Recovery Post-2023: Despite a decline in 2023 with a -3.5% decrease in revenue growth, the Russian eCommerce market is expected to recover with growth rates of 9.0% in 2024, 7.6% in 2025, and 5.6% in 2026.
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