The Norwegian "Retail Sale Via Mail Order Houses or Via Internet" sector has exhibited robust growth over the past decade, surging from 4.0 billion NOK in 2013 to 14.87 billion NOK in 2023. Between 2013 and 2023, the sector experienced significant yearly variations with notable peaks, such as a 34.94% increase in 2020, aligning with broader global e-commerce trends during the COVID-19 pandemic. The compounded annual growth rate (CAGR) over the past five years stands at an impressive 16.26%, reflecting sustained strong performance.
The forecast from 2024 onwards depicts a continued uptrend, with the sector expected to reach 23.06 billion NOK by 2028. The projected 5-year CAGR is 6.87%, indicating steady, though slightly tempered growth compared to the recent past.
Future trends to watch for include the increasing impact of advanced technologies, enhancement of logistics and delivery infrastructure, and evolving consumer behavior towards greater digital adoption. Specifically, digital transformation initiatives and improved user experiences could further drive market expansion in this sector.