Forecast: Turnover in Retail Sale Via Mail Order Houses or Via Internet Sector in Denmark

From 2013 to 2023, the retail sale via mail order houses or via the internet sector in Denmark has seen significant and consistent growth. Turnover has increased from 8.96 billion Danish Krones in 2013 to 48.34 billion Danish Krones in 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) is 22.19%, reflecting robust growth.

Looking at the year-on-year variations, particularly notable spikes include 2020's 33.78% growth compared to the previous year, likely fueled by the pandemic-induced shift to online shopping. While the growth has slightly moderated in 2022 and 2023, it remained substantial at 19.73% and 16.32% respectively.

Moving forward, the forecasted turnover is expected to continue growing but at a slower pace. The forecasted five-year CAGR from 2024 to 2028 is 8.09%, projecting a turnover of 81.24 billion Danish Krones by 2028. The total forecasted growth rate over this period is 47.57%.

Future trends to watch for:

• Increasing consumer confidence in online shopping platforms.
• Advancements in e-commerce technology and logistics.
• Growth of mobile commerce as smartphones become more integral to daily life.
• Potential regulatory changes impacting e-commerce practices and cross-border sales.