eCommerce market in Portugal
Market development
eCommerce revenue development in Portugal
Portugal is the 43rd largest market for eCommerce with a predicted revenue of US$6,828.7 million by 2024, placing it ahead of Romania. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 8.6%, resulting in a projected market volume of US$9,515.2 million by 2028. With an expected increase of 11.4% in 2024, the Portuguese eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Portugal, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Portuguese eCommerce market. Hobby & Leisure is the largest market and accounts for 24.0% of the Portuguese eCommerce revenue. It is followed by Electronics with 22.2%, Fashion with 19.0%, Furniture & Homeware with 11.5%, Care Products with 8.9%, DIY with 8.6%, and Grocery with the remaining 5.8%.
eCommerce revenue development in Portugal
eCommerce revenue growth in Portugal
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 87.6 | 3.3 | 19.4 | 88.2 | 76.7 | 27.7 | 0.8 | 32.8 |
Top stores
Top five online stores in Portugal by net sales 2023
The biggest player in the Portuguese eCommerce market is shein.com. The store had a revenue of US$327.1 million in 2023. Store rankings include every store that generates revenue in Portugal. 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 Portugal was considered.
eCommerce net sales generated in Portugal 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 Portuguese eCommerce market
The Portuguese eCommerce market in 2023 in terms of offered payment methods is fragmented and highly competitive with VISA (Cards) covering the largest share with 85.7% of all online stores checked. Other offered payment methods in the Portuguese eCommerce market in 2023 are Mastercard (Cards) with 84.5%, PayPal (E-wallets) with 83.2%, and Bank transfer/cash in advance (Bank transfer) with 54.7%. With 54.0% Multibanco (E-wallets) still has a considerable market share amongst the offered payment methods compared to VISA (Cards).
Top 5 offered payment methods in the Portuguese eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Portuguese eCommerce market
Despite CTT Correios de Portugal's dominant position with 41.0% of online stores opting for its services, the Portuguese eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including DPD, DHL, UPS (United Parcel Service), and SEUR, hold smaller but significant shares, contributing to a dynamic and fragmented market.
Top 5 offered shipping providers in the Portuguese eCommerce market
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