eCommerce market in Greece
Greece is the 32nd largest market for eCommerce with a predicted revenue of US$9,630.8 million by 2024, placing it ahead of Chile. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 10.5%, resulting in a projected market volume of US$14,345.8 million by 2028. With an expected increase of 13.4% in 2024, the Greek eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Greece, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Greek eCommerce market. Hobby & Leisure is the largest market and accounts for 26.9% of the Greek eCommerce revenue. It is followed by Electronics with 20.5%, Fashion with 16.8%, Furniture & Homeware with 11.7%, Care Products with 9.5%, DIY with 8.9%, and Grocery with the remaining 5.6%.
Monthly revenues
Monthly revenues in the Greek eCommerce market
The monthly eCommerce revenue of the Greek eCommerce market was US$828 million in October 2024. This refers to a growth of 1.0% compared to September 2024. Within the last 12 months, the monthly revenue share was the highest in November 2023 with 11.7% of the total 2023 revenue of the Greek eCommerce market and the lowest in February 2024 with 7.2% of the total 2024 revenue.
Revenue Last Month
US$827.7m
The eCommerce revenue grew by 1.0% from September 2024 to October 2024.
Monthly revenue shares in the last 12 months
0-2024 | 1-2024 | 2-2024 | 3-2024 | 4-2024 | 5-2024 | 6-2024 | 7-2024 | 8-2024 | 9-2024 | 10-2024 | 11-2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 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 %) | 63.1 | 72.1 | 80.8 | 44.5 | 64.0 | 54.3 | 14.4 | 25.8 | 59.3 | 32.2 | 3.5 | 40.8 |
Market development
eCommerce revenue development in Greece
Greece is the 32nd largest market for eCommerce with a predicted revenue of US$9,630.8 million by 2024, placing it ahead of Chile. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 10.5%, resulting in a projected market volume of US$14,345.8 million by 2028. With an expected increase of 13.4% in 2024, the Greek eCommerce market contributed to the worldwide growth rate of 10.1% in 2024. Like in Greece, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Greek eCommerce market. Hobby & Leisure is the largest market and accounts for 26.9% of the Greek eCommerce revenue. It is followed by Electronics with 20.5%, Fashion with 16.8%, Furniture & Homeware with 11.7%, Care Products with 9.5%, DIY with 8.9%, and Grocery with the remaining 5.6%.
eCommerce revenue development in Greece
eCommerce revenue growth in Greece
Net eCommerce revenue split by sub-category
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 22.3 | 59.7 | 73.1 | 80.1 | 17.2 | 30.3 | 70.7 | 62.9 |
Top stores
Top five online stores in Greece by net sales 2023
The biggest player in the Greek eCommerce market is shein.com. The store had a revenue of US$303.9 million in 2023. Store rankings include every store that generates revenue in Greece. 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 Greece was considered.
eCommerce net sales generated in Greece 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 Greek eCommerce market
The Greek eCommerce market in 2023 in terms of offered payment methods is fragmented and highly competitive with VISA (Cards) covering the largest share with 95.8% of all online stores checked. Other offered payment methods in the Greek eCommerce market in 2023 are Mastercard (Cards) with 95.5%, Cash on delivery (Cash on delivery) with 79.8%, and Bank transfer/cash in advance (Bank transfer) with 77.5%. With 62.8% PayPal (E-wallets) still has a considerable market share amongst the offered payment methods compared to VISA (Cards).
Top 5 offered payment methods in the Greek eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Greek eCommerce market
Despite ACS's dominant position with 42.8% of online stores opting for its services, the Greek eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including ELTA, Geniki Taxydromiki, BOX NOW, and SpeedEx, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Greek eCommerce market
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Shop Software Solutions
Top 5 used shop software solutions in the Greek eCommerce market
In the Greek 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, WooCommerce, and OpenCart, have been able to secure a market share exceeding 13.1%, suggesting a diversified market with numerous players holding smaller stakes.
Top 5 used shop software solutions in the Greek eCommerce market
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