Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Kiwi businesses reaping the benefits from online shopping

20 June 2019 for immediate release

New NZ Post report shows Kiwi businesses reaping the benefits from online shopping

A new report on eCommerce in New Zealand shows that online shopping grew eight times faster than shopping in-store in 2018 (16% v 2%) and showed encouraging trends for New Zealand online retailers.

The Full Download 2019 report was undertaken by NZ Post because courier delivery has now surpassed mail as the largest contributor to NZ Post revenue.

The report shows 1.8 million New Zealanders chose to shop online last year spending a total of $4.2billion. The large growth in online shopping has mainly come from Kiwis shopping more often, with online shoppers now hitting that ‘buy’ button 22 times each per year. We’re also seeing an emergence of ‘super shoppers’ – with nearly one in ten Kiwi online shoppers spending over $9,000 online.

“The report shows good news for Kiwi businesses. Spending with New Zealand online stores grew at nearly double the rate of growth for international online stores – encouraging news for our local e-tailers,” says NZ Post Chief Marketing Officer, Bryan Dobson.

“Although New Zealanders still enjoy shopping internationally with nearly one dollar in every three being spent with an offshore online retailer, New Zealanders also say that they prefer to buy from local retailers because they trust them and would like to support home-grown businesses.”

Another trend that has emerged is the rise in popularity of Buy Now Pay Later Payment methods, such as Afterpay, with 12% of shoppers using these payment methods in 2018. Most Buy Now Pay Later users are aged under 45, and over half of users are women under 45. The most prominent online shoppers in New Zealand are women aged between 30 and 45 who live in rural areas.

“NZ Post is delivering well over half of all parcels bought online in New Zealand and we’re proud to be integral to that moment of joy when your online shopping parcel arrives.

“Customer needs are changing quickly: they want speed, efficiency and convenience. They want to know where their parcel is at all times during its journey and want delivery at a time and place that works for them – NZ Post is able to offer this.

“Most online retailers in New Zealand use NZ Post to connect with their customers. With the leading delivery service we provide, and with the wealth of insights in this report, we are committed to helping online retailers to grow a better online business” says Dobson.

ENDS

Please see below for actual figures for inclusion in articles.

For statistics, commentary and case studies view and download The Full Download 2019 report here.

Key insights
• 16% growth in online spend compared to 2% offline
• 8.9% of retail spend in 2018 was online
• 1.8M Kiwis bought online in 2018, spending a total of $4.2billion
• Online shoppers made 22 transactions on average each per year – a 10% increase from 2017
• 44% of shoppers buy more than once a month
• $100 average spend per online transaction
• 9% of online shoppers online spending over $9,000 online per annum.
• 19% increase in domestic online spend VS 10% international spend growth
• 2 out of 3 dollars being spent with an offshore online retailer
• 12% of online shoppers used Buy Now Pay Later in 2018
• 80% of BNPL users are under 45
• 61% of BNPL users are women under 45
• 45% increase in domestic online spend in the clothing and footwear sector

About The Full Download 2019

This is our second in-depth analysis into the state of eCommerce in New Zealand. The Full Download 2019 looks at the changes in online shopping and consumer behaviour over the past year. We explain where the growth is, where the opportunities lie for the savvy business and how New Zealand Post’s eCommerce know-how can help you take advantage of these exciting opportunities.

For statistics, commentary and case studies view and download The Full Download 2019 report here.

https://thefulldownload.co.nz/?utm_source=PR&utm_campaign=ecomreport

Once again, we’ve partnered with leading analytics provider Datamine to bring you this insightful review of eCommerce in New Zealand. We have also conducted an Online Shopper Survey where we asked customers to tell us what they were looking for from their online shopping experiences.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>


Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>


OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>


Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>


ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>