FECIF - European Federation of Financial Advisers and Financial Intermediaries

Web Name: FECIF - European Federation of Financial Advisers and Financial Intermediaries

WebSite: http://www.fecif.eu





European e-commerce continues to grow

Despite consumer caution about spending – because of the war in Ukraine, uncontrolled inflation, disruption of global chain supplies and a general sense of uncertainty leading to pre-pandemic level growth – e-commerce has continued to grow in 2021 in Europe and it looks like it will be the same this year and in 2023…

In 2021, e-commerce reached €718 billion in Europe alone. More than 73% of the five hundred million European Internet users bought online in 2021, a market of more than 350 million potential buyers. E-commerce already represents 15% of retail trade (to be combined also with the acceleration of home deliveries and click and collect).

Furthermore, for the past 2 years of Covid, e-commerce has allowed many potential local, closed physical businesses to maintain activity.

On average, marketplaces grew twice as fast in 2020 than in 2019.

The boom of affinity marketplaces

Purchases are made on e-commerce websites such as Amazon or Cdiscount, which connect Internet users with a multitude of suppliers in different fields. Amazon concentrates 5% of European e-commerce with €32.2 billion in turnover. Smaller players such as...

The European Federation of Financial Advisers and Financial Intermediaries (FECIF) was chartered in June 1999 for the defence and promotion of the role of financial advisers and intermediaries in Europe.

FECIF, the only body representing European financial advisers and intermediaries, it is based in Brussels, the heart of Europe.

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Fédération Européenne des Conseils et Intermédiaires Financiers (FECIF)
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B-1050 Brussels

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