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2021-12-13 GC Agenda - Item 9 - Attachment 2-Noosa Economic Plan Review Update Report 2021

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                                                             NOOSA LEP REVIEW - Background Report - Draft Report



8.                             Future Oriented Trends
8.1                            Online Retail Sales
Online retail has gained in popularity across Australia since the onset of the global COVID-19
pandemic, with sales in the year to March 2021 up 64% from the same period a year earlier (Figure
8.1). The trend for online retail was already growing prior to COVID-19, however, the pandemic and
forced lockdown has seen online sales surge forward to a point that otherwise would not have been
reached until 2023 or 2024.
Further, online retail sales now account for roughly 9% of total retail sales per month in Australia, up
from around 6-7% of total sales pre-pandemic (Figure 8.2).
Figure 8.1. Online Retail Sales, Australia
                            $4.0

                            $3.5

                            $3.0
  Total Online Sales ($B)




                            $2.5

                            $2.0

                            $1.5

                            $1.0

                            $0.5

                            $0.0
                               Mar-15   Mar-16      Mar-17   Mar-18       Mar-19            Mar-20   Mar-21

                                                 Original             Seasonally Adjusted

Source: ABS (2021c).




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