In 2022, Australia's e-commerce market grew to reach a significant milestone of 53 billion USD, growing by 113%, according to a new analysis by real estate firm CBRE.

According to a new analysis by real estate firm CBRE, Australia's e-commerce market grew by 113% between 2017 and 2022 and reached a significant milestone of 53 billion USD. The paper, titled "Australia's E-Commerce in the Post-Pandemic Era," describes a remarkable growth trajectory for online retail trade, peaking at 15% in April 2022 and then decreasing to 12.6% by March 2023, three years later. In spite of this downturn, the industry has stabilized at a growth pace that is significantly faster than the 2.5% average annual growth that was seen between 2017 and 2021.

The head of CBRE's commercial and logistics research in Australia, Sass J-Baleh, emphasized the rise in online shoppers, pointing out that 82% of Australian families will make purchases online by 2022, up from 73% in 2018.

Along with highlighting the faster adoption of e-commerce in developing nations like Spain, Poland, Italy, Portugal, and Turkey, J-Baleh also drew comparisons to a similar trend seen in the United States, where the rate of e-commerce penetration has now surpassed its pre-COVID trajectory by three years.

According to the estimate, Australia will need an extra 1.1 million square meters of storage facilities for e-commerce over the course of the next four years.