Insights into the growth of Canadian eCommerce with payment methods, target audiences, marketing, social media, economy and logistics all profiled
Canada is home to 36.3 million people with a total GDP of 1.53 trillion USD and is ranked as the 17th richest country, according to the World Bank GDP per capita rankings. Canada’s GDP per capita is currently 41,921 USD and expected to reach 47,663 USD by 2021.
Digital User Insights
There are currently 18.5 million eCommerce users in Canada, with an additional 5.21 million users expected to be shopping online by 2021. Four years from now, these 23.71 million eCommerce users will spend an average of 1208 USD online.
Dividing internet usage into age groups gives a better picture of the Canadian eCommerce market – 96% of 16-24 year-olds, 96% of 25-34 year-olds, and 93% of 35-44 year-olds log on daily. The older generations also log on regularly with 45-54 year-olds and over 55s showing a 84% and 76% daily penetration rate, respectively.
Total Canadian eCommerce revenue across all product categories is 20.16 billion USD, and is expected to grow to 28.7 billion USD by 2021. Fashion is currently the leading product category in Canada, accounting for 6.3 billion USD market share, followed by Electronics and Media, which generates 5.9 billion USD in sales.
By 2021, Fashion will still be the most purchased online category, with an estimated value of 9.9 billion USD, and second favorite, Electronics and Media, is expected to be worth 7.3 billion USD.
Where does Canada buy from?
The US supplies Canada with 219 billion USD in imports – ranging from petroleum to cars and helicopters. Canada’s other key import partners are China (49.5 billion USD), Mexico (22.6 billion USD), Germany (12.9 billion USD) and Japan (11.2 billion USD).
Internet and Device Usage
Internet penetration in Canada is currently 81.8%, and should reach 83.6% by 2021. Smartphone penetration is a lot less (62.6%), but is projected to grow to 72.2% in the next four years.
82% of online shoppers in Canada shop online via desktop, a stark contrast to the amount of smartphone (9%) and tablet (5%) shoppers.