The EU recommerce market reached €94 billion ($101 billion U.S.) accounting for 12.3% of e-commerce in 2022/2023, according to a joint study by Cross-Border Commerce Europe, FedEx Express and Poste Italiane.

The recommerce market is expected to grow 27% to €120 billion and its share versus e-commerce projected at 14% by 2025 with online classifieds and marketplaces significantly contributing to second-hand trade and the circular economy, according to the study report.

Projecting recommerce growth at 5X faster than the overall retail market by 2025, the study also found:

– 75% of recommerce transactions in clothing, electronics, furniture, household items, books, sporting goods, outdoor equipment, and cars.

– 85% of shoppers buying and selling used goods in the past year and 27% doing so for the first time

– 41% of shoppers who considered buying secondhand as status symbol

– 69% of shoppers using money earned from reselling items to pay bills or cover daily living expenses

“I would like to thank our market research partners, FedEx Express and Poste Italiane, who, along with our research team, invested considerable energy into the third edition of this eagerly awaited study. It enhances transparency in sustainable marketplaces operating in Europe and encourages sustainability in this sector,” said Carine Moitier, founder of CBCommerce.eu.”

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