eCommerce market in Denmark
Denmark is the 38th largest market for eCommerce with a predicted revenue of US$7,121.4 million by 2024, placing it ahead of Portugal. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 2.0%, resulting in a projected market volume of US$7,703.7 million by 2028. With an expected increase of 2.4% in 2024, the Danish eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Denmark, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Danish eCommerce market. Hobby & Leisure is the largest market and accounts for 25.4% of the Danish eCommerce revenue. It is followed by Electronics with 21.0%, Fashion with 18.3%, Furniture & Homeware with 11.6%, Care Products with 9.3%, DIY with 8.9%, and Grocery with the remaining 5.5%.
Monthly revenues
Monthly revenues in the Danish eCommerce market
The monthly eCommerce revenue of the Danish eCommerce market was US$742 million in November 2024. This refers to a growth of 22.3% compared to October 2024. Within the last 12 months, the monthly revenue share was the highest in November 2024 with 10.4% of the total 2024 revenue of the Danish eCommerce market and the lowest in February 2024 with 7.1% of the total 2024 revenue.
Revenue Last Month
US$741.7m
The eCommerce revenue grew by 22.3% from October 2024 to November 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Monthly revenue share (in %) | 19.3 | 99.2 | 38.7 | 4.6 | 50.9 | 74.4 | 93.1 | 25.7 | 29.7 | 65.8 | 80.9 | 43.4 |
Market development
eCommerce revenue development in Denmark
Denmark is the 38th largest market for eCommerce with a predicted revenue of US$7,121.4 million by 2024, placing it ahead of Portugal. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 2.0%, resulting in a projected market volume of US$7,703.7 million by 2028. With an expected increase of 2.4% in 2024, the Danish eCommerce market contributed to the worldwide growth rate of 7.4% in 2024. Like in Denmark, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Danish eCommerce market. Hobby & Leisure is the largest market and accounts for 25.4% of the Danish eCommerce revenue. It is followed by Electronics with 21.0%, Fashion with 18.3%, Furniture & Homeware with 11.6%, Care Products with 9.3%, DIY with 8.9%, and Grocery with the remaining 5.5%.
eCommerce revenue development in Denmark
eCommerce revenue growth in Denmark
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 82.7 | 83.9 | 15.5 | 17.2 | 35.8 | 12.6 | 64.3 | 60.0 |
Top stores
Top five online stores in Denmark by net sales 2023
The biggest player in the Danish eCommerce market is zalando.dk. The store had a revenue of US$297.8 million in 2023. Store rankings include every store that generates revenue in Denmark. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in Denmark was considered.
eCommerce net sales generated in Denmark in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Danish eCommerce market
With 98.5% Mastercard the most commonly offered payment method of all online stores in the Danish eCommerce market in 2023. Like Mastercard VISA with a share of 98.2% and Dankort with a share of 66.4% the payment type Cards is the most common used by online retailers in in the Danish eCommerce market in 2023. Other commonly used payment methods in that market are MobilePay (E-wallets) with 42.0% and PayPal (E-wallets) with 32.1% of stores offering that payment method to the clients.
Top 5 offered payment methods in the Danish eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Danish eCommerce market
With 54.8% of all online retailers using GLS the most common shipping service provider in the Danish eCommerce market in 2023 closely followed by PostNord, utilized by 54.2 of online retailers. Other shipping service providers, including Dao, DHL, and Bring, are employed by a significantly smaller proportion of online retailers.
Top 5 offered shipping providers in the Danish eCommerce market
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Shop Software Solutions
Top 5 used shop software solutions in the Danish eCommerce market
In the Danish eCommerce market, there is intense competition among various shop software solutions, leading to a highly fragmented landscape in 2023. None of the major shop software solution, including Magento, Shopify, and Salesforce Commerce Cloud, have been able to secure a market share exceeding 13.8%, suggesting a diversified market with numerous players holding smaller stakes.
Top 5 used shop software solutions in the Danish eCommerce market
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