How much is the retail market worth?

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In 2021, the Retail market generated sales of over 26 trillion dollars worldwide . An astronomical figure that will continue to grow, to exceed, according to Statista forecasts , 30 trillion dollars by 2024.

The US retail sector – which includes the three giants Walmart, Amazon and ivory coast whatsapp resource Costco – is worth over 6.5 trillion dollars. The Chinese one in 2020 amounted to about two trillion dollars. Among the emerging markets, the Indian one in particular is growing strongly, with 1.2 trillion made in 2021).

In Europe, the UK and Germany are the two largest retail markets, with the former worth more than £465 billion (around €560 billion), while the German one is currently worth €586 billion.

Expectations are therefore rosy, despite the current international business-to-consumer scenario still being burdened by the consequences of the pandemic and simultaneously facing new challenges .

New challenges on the horizon: the conflict in Ukraine, inflation, the great resignation
Deloitte highlights the critical issues of the current historical moment, underlining how the conflict in Ukraine will cause very high human costs also due to the effects it will produce (and is already producing) on ​​the trend of inflation, exacerbating some phenomena that already affected our economic scenario, such as the difficulties in the procurement of goods along the supply chain and the increase in the costs of raw materials and energy.