Average Order Value in Ecommerce (2017–2023)
As anecommercebusiness, one key metric that determines marketing success is the average order value. It tells you how much customers are spending on your online shop every time they check out and gives you an idea of what sort of items to bundle together.
According to the latest ecommerce data in February 2023, the average order value (or AOV) in ecommerce is£100.83, which is approximately $122.79. This is a 15.04% increase from 2022’s average order size per customer and nearly triple the 5.62% annual increase from 2021 to 2022.
In comparison, there was a 14.83% fall from February 2021 to February 2022. This was likely a result of the coronavirus pandemic, which droveconsumers’ confidencedownwards and forced them to cut back on expenditure.
The average order value aside, the average sale price per item has also increased over the past year from £45.93 to £50.45, or approximately $55,93 to $61,44, over the past year. This marks a 9.84% rise over the same one-year period.
From 2017 to 2023, the highest average order value in ecommerce was registered in 2017, when online shoppers spent around £101.87 (or around $124.05) per internet purchase.
Average Order Value by Products
To understand how well your store is performing, we need to take a more in-depth look at its category.
The AOV in ecommerce varies from category to category. Items with the highest average value per visitor in February 2023 are in the baby and child category. Consumers buying these products online spend an average of £187.29, or $228,07, per checkout. The average checkout value of these products marks a 9.49% year-over-year increase from 2022’s £171.06 (around $208,31).
Cars and motorcycling products are second on the list. Online buyers typically spend £173.71 (approximately $211,54) on an order in this category. These products saw a 23.55% surge in average order value from 2022 to 2023.
Products in the electrical and commercial equipment category have the third-highest average order size of £170.52, or $207,65. This category also rose tremendously from 2022 to 2023, by 54.55%.
工艺品类接下来average value per visitor of £107.93, or $131,43, followed by food and drink, with £107.19, or $130,53.