Global Electricity Retail Sales Increased By 23.7%, China Contributed Half

According to foreign media reports, according to foreign media

According to the latest report of eMarketer, the total retail sales of the global retail industry will reach US $22 trillion and 49 billion this year, a rise of 6% over the same period last year.

And although the industry's annual growth rate will slow down in the next few years, eMarketer still expects total retail sales in the world to reach $27 trillion in 2020.

It is reported that the data released by eMarketer includes almost all retail sales data, including online business, auction, gas station sales and C2C pactions, but it does not include sales of tourism, tickets and restaurants.

In fact, as the US dollar rose to most major currencies, it led to us dollar denominated pricing.

Less than expected and the continuing downturn in the global gasoline market has negative impact on the major retail sales of gasoline (including the United States, Britain, Canada, France, Singapore, etc.), eMarketer has lowered its forecast in December 2015.

However, despite the fact that the global retail industry is not ideal, sales performance in the online business sector is still growing rapidly.

EMarketer expects retail sales in 2016 to reach US $1 trillion and 915 billion, which also does not include sales of tourism, tickets and restaurants, with a growth rate of 23.7%, accounting for 8.7% of total retail sales.

EMarketer also said that by the year 2020, the retail sales of the global online business will reach 4 trillion and 58 billion dollars, accounting for about 14.6% of the total retail sales.

Moreover, the Asia Pacific region is still the world's largest electricity retail market in this statistical range. The retail sales of e-commerce in the region in 2016 are expected to exceed US $1 trillion, the growth rate is 31.5%, and by 2020 it will reach US $2 trillion and 725 billion.

In addition, with the rise of the middle class, the further improvement of mobile phone and Internet penetration rate, the increase of electric business enterprises, and the improvement of logistics and infrastructure, the development of e-commerce in the region is expected to usher in further development in the future.

It is necessary to point out that a large part of the retail volume of e-commerce in the Asia Pacific region is from the contribution of the Chinese region.

Data show that the Chinese market this year

Retail sales will reach US $899 billion 90 million, almost half of the global retail sales.

However, despite the full opportunities for development in the Asia Pacific region, many challenges are also facing.

For example, retail sales in Asia and Southeast Asia account for only a small part of the total retail sales in the region.

Moreover, due to the lagging development of the electronic payment system and the backwardness of logistics infrastructure, the local electricity supplier industry is still at a very early stage of development.

On the other hand, the retail sales volume in North America is expected to grow by 15.6% this year to 423 billion 340 million US dollars, and it is also the second largest electricity supplier market in the world.

Moreover, due to the increase of consumer electricity budget, the popularity of commodity business platform and the growth of mobile e-commerce sales, eMarketer expects that the electricity sales in the region will maintain a two digit growth rate by 2020.