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Similarweb Reveals Australia’s Fastest Growing ECommerce Brands

Sydney, Australia – 16 January, 2024: In a year defined by rising inflation, interest rates, and cost-of-living pressures, Similarweb’s annual Digital 100 Report reveals the online brands who bucked the trend and recorded the highest growth in Australian traffic throughout 2023.

The Report highlights Australia’s 20 fastest growing brands across five categories (Fashion & Accessories, Consumer Electronics, Home & Garden, Personal Finance, and Travel & Tourism) and ranks them by percentage increase.

Each of the winners was already operating a substantial online business in 2022, but significantly increased its reach in 2023. To be considered for the report, brands had to have a minimum threshold of 50,000 unique monthly Australian visits in 2022.

"The Digital 100 is our annual celebration of business success online, highlighting publishers and sellers who have achieved huge increases in their online audience within a single year," Similarweb CEO Or Offer said. "Similarweb’s mission is to provide comprehensive visibility into web, search, app, and other measures of digital markets, allowing companies to benchmark their own performance and discover opportunities to improve their performance versus the competition. The Digital 100 companies show that tremendous growth is possible, even in highly competitive markets – the kind of success all companies should aspire to."

This year’s category winners, determined by percentage increase for their average monthly traffic in 2023 compared with 2022, are:

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Consumer Electronics Winner: CeX (webuy.com) +94.3%

“Over the past 18 months we’ve noticed a strong demand in Australia for second-hand electronics as consumers look to make every dollar go further,” David F. Carr, Senior Insights Manager, Similarweb said. “With that in mind, CeX’s record growth makes sense as they not only sell second hand electronics, but they also buy unwanted phones, computers, tablets, and gaming consoles which could be an attractive option when times are tough.”

Another trend to emerge in this year’s electronics category is the increased interest in home security equipment – particularly video surveillance. Of the category’s 20 fastest growing brands, six (Myeufy, Ring, Arlo, Reolink, Swann, and Hikvision) are dedicated to home security technology.

Notable mentions in the Consumer Electronics category include myeufy.com.au and ring.com (home surveillance equipment manufacturers) which increased their traffic by 64% and 29.5% respectively.

Home and Garden Winner: Litfad (litfad.com) +91.5% 

“As Australians sought to manage cost of living pressures in 2023, many who were in the market for new furniture, homewares, and lightning turned to the Chinese discount retailer, Litfad,” Carr said. “Of all five category winners, Litfad had the highest average unique monthly visitors with 278,800 turning to the site.”

Notable mentions in the Home and Garden category include jameslane.com.au which posted 87.4% growth and luxoliving.com.au which saw a 72.7% increase in traffic.

Personal Finance Winner: Tick Insurance (tickinsurance.com.au) +123.4%

“For those Australians with the means to travel, it appears one very important lesson was learned during the COVID years – buy travel insurance,” Carr said. “Tick Insurance has been the greatest beneficiary of this trend, more than doubling its traffic with 123.4% growth as those travelling abroad seek to minimise the risks of any unforeseen events.”

One interesting trend appears in the names who aren’t in this year’s list, rather than those who are – the lack of BNPL providers. After multiple years of strong growth, it appears Australia has hit ‘max BNPL’ with no major provider – with exception of Deferit, a BNPL for bills – appearing in the top 20.

Notable mentions in the Personal Finance category include cryptocurrency exchange okx.com surging with 114.4% growth and credit check provider clearscore.com growing 39.1%. Clearscore is interesting as the increase in traffic could be due to a number of high-profile data breaches impacting Australian consumers in the past 18 months – particularly those against Optus and Medibank.

Travel and Tourism Winner: SeaLink (sealink.com.au) +188.8%

“Australians love to travel but, as wallets tighten, there is a shift in the destinations they’re choosing,” Carr said. “SeaLink’s position at the top of a booming travel sector is indicative of the desire to explore closer to home as the business provides ferry services to iconic Australian destinations Kangaroo Island, K’Gari (Fraser Island), and Rottnest Island, among others.”

For those who do venture overseas, Australians are still staying within the region with Japan and China at the top of the bucket list as seen with the impressive triple-digit growth recorded by jrailpass.com and china-airlines.com.

Notable mentions in the Travel and Tourism category include the Japanese train ticket provider jrailpass.com which increased its traffic 185.1% and china-airlines.com which grew 140.1%.

Apparel and Accessories Winner: Crocs (crocs.com.au) +169.8%

“Consumers began buying crocs in earnest during the pandemic when comfort trumped all else. While some may have begun doing so ironically, it’s impossible to go anywhere these days without seeing a significant number of people – particularly younger generations – wearing Crocs,” said David F. Carr, Senior Insights Manager, Similarweb. “Love them or loathe them, you can’t deny Crocs have come a long way from being named in Time Magazine’s 50 worst inventions list in 2010.”

While the category’s overall winner was an international business, Australian brands dominated the rest of the top 20. Whether it was for circular economy marketplaces (airrobe), outdoor adventure wear (Zorali), or women’s boutique fashion (BabyBoo, NudeLucy, and Billy J), Australians showed a preference for local brands with 13 of the 20 fastest growing businesses being locally grown.

Notable mentions in the Apparel and Accessories category include airrobe.com (an Australian circular economy marketplace for luxury brands) which increased traffic by 139%, babyboofasion.com and nudelucy.com.au (women’s fashion brands) which grew their Australian audiences by 122.6% and 102.1% respectively.

For more details, see the complete report for Australia at https://www.similarweb.com/corp/digital-100-au/.

Digital 100 Methodology

Building on Similarweb’s methodology for creating a comprehensive model of the digital world, the Digital 100 project reveals the fastest-growing web domains from pre-defined industry categories. Growth is measured as a percentage increase in average monthly traffic volume from 2022 to 2023 based on Similarweb’s estimated metrics. To qualify for inclusion, each domain had to meet a minimum average monthly traffic in both years. For Australia, the minimum was 100,000 monthly visits in 2023 and 50,000 in 2022. A lower threshold was used for specific categories in other countries. Similarweb analysts manually filter the results to validate each business and discover the most meaningful examples of digital business growth.

About Similarweb

Similarweb powers businesses to win their market with leading Digital Data. Similarweb reveals what is happening online and provides businesses with the essential digital data & analytics needed to build strategy, optimize customer acquisition and increase monetization. We empower our users to be the first to discover and capture the best business opportunities and stay alert to react instantly to emerging threats to their business. Similarweb products are easy to use and integrated into users’ workflow, powered by advanced technology, and based on comprehensive digital data.

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Disclaimer: All names, brands, trademarks, and registered trademarks are the property of their respective owners. The data, reports, and other materials provided or made available by Similarweb consist of or include estimated metrics and digital insights generated by Similarweb using its proprietary algorithms, based on information collected by Similarweb from multiple sources using its advanced data methodologies. Similarweb shall not be responsible for the accuracy of such data, reports, and materials and shall have no liability for any decision by any third party based in whole or in part on such data, reports, and materials.

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