As a relatively new player in e-commerce, the Czech Republic is a real hotspot: it is the fastest-growing e-commerce market in Europe.
The Czech e-commerce market is growing super fast, as Czechs are increasingly ordering online. These consumers are increasingly willing to pay extra for fast delivery. Time to roll out your business as an e-commerce entrepreneur to the Czech Republic.
The Czech Republic is part of the EU, but for now it uses its own currency: the Czech Crown (CZK). After cash on delivery as the preferred payment method, payment by bank transfer comes in second place. Czechs also regularly use their e-wallets, such as Apple or Google Pay. The use of online payment methods among Czech consumers is expected to increase in the coming years. In doing so, the number of people placing online orders is also increasing.
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German e-commerce is growing every year and the end is not yet in sight. The vast majority of high online sales are due to Amazon. Thanks to these elements, Germany is an interesting market for crossborder expansion. At the same time, it is a competitive market in which consumers place high demands on e-commerce shops.
The United Kingdom has one of the most mature European e-commerce markets with the highest online sales in Europe. Thanks in part to enthusiastic online shopping by British consumers, e-commerce in this country is stable and stronger than ever.
I'm Roel, founder of Tomahawk. I am happy to help you from our office in Nijmegen.
