The UK resale market grew more than any other last year as Brits turned to sites like Ebay for a secondary income stream during lockdown.
According to Ebay’s new ‘Recommerce Report’, which studied customer-to-customer sellers across the US, UK, Canada, France and Germany, the ‘recommerce’ market is experiencing significant growth in both supply and demand.
In the UK, some 62 per cent of sellers said they were now selling more pre-owned goods than they had done compared with one to five years ago, the highest across all markets surveyed.
The UK also lead the pack in terms of the amount of pre-owned goods they had purchased, with 81 per cent stating they had bought secondhand goods during lockdown, more than the US’ 80 per cent and Germany’s 79 per cent.
GenZ shoppers were driving this trend, with 81 per cent of 16-24 year olds buying pre-owned goods more regularly than a year earlier.
Meanwhile, 72 per cent of US respondents said they had started selling pre-owned goods this year to make extra cash, compared with 67 per cent in the UK and 68 per cent in Canada.
The average UK household is estimated to have around 31 unused items lying around that could be worth a collective £800.
“Not only does the growing recommerce market create economic opportunity for sellers and help customers shop more thriftly, but it’s also great to see the circular economy in action as our sellers promote more sustainable shopping habits,” Ebay UK’s head of pre-loved Emma Grant said.
Emma Grant, Head of Pre-loved, eBay UK, commented:
“Recommerce has always been at the heart of eBay and supporting the transition to a more sustainability-conscious society is hugely important to us, while making sure both buyers and sellers benefit from the economic opportunity that we see it brings.”
Ebay says that over the past year alone its has prevented 720,000 metric tonnes of goods from potentially ending up in landfill, avoiding a further 3 million metric tonnes of carbon emissions since 2016.
It plans to prevent a further 3 million metric tonnes of carbon emissions by 2025, while creating $3 billion in positive economic impacts.