Decline in New Online Sellers in Russia
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Insights by Echo AI
The number of new sellers entering the Russian e-commerce market has decreased by 25% year-on-year in the first half of 2023. This decline is attributed to falling business profitability, with some smaller players leaving the market. The increase in marketplace commissions, service costs, and logistics has also contributed to this trend. Experts predict a further reduction of 5-15% in the number of active sellers if current conditions persist.
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