Attention Cross-border Sellers! These electronic product categories will have the highest global profits by 2023!
Attention cross-border sellers, these electronic product categories will be most profitable globally by 2023!
When cross-border e-commerce sellers choose products, in addition to paying attention to the market, product profit is also a key factor for sellers. Below are some of the most profitable global electronic product categories. Cross-border merchants can use them as a reference~
Average profit margin of 95%. The plant category market is constantly growing, with demand for both indoor and outdoor plants. In addition to the environment, plants also have a decorative effect, including meeting people’s preferences and healthy impacts. Moreover, the demand for consumers to buy plants online is also increasing, and the compound annual growth rate from 2023 to 2030 is expected to be 12.15%.
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2. Digital Artwork
Average profit margin of 90%. The emergence of digital artwork is continuously reshaping the global art market, and its supply and demand ecology is also forming, with the market constantly expanding. Moreover, consumers can directly purchase their desired digital artwork quickly and conveniently through online channels. The future prospects for this category are very optimistic.
3. Watch Accessories
Average profit margin of 80%. This seemingly ordinary and highly demanded category has a wide market capacity and fast growth rate. The annual growth rate is expected to be 4.44% from 2023 to 2026. The demand for segmented categories under this category is also increasing, creating more opportunities for high profits in the future.
4. Baby Supplies
Average profit margin of 40%. More and more overseas consumers are purchasing maternal and child products online, and the scale of the maternal and child market is constantly expanding, with a growth rate that cannot be ignored. According to relevant reports, the global baby care product market is expected to reach a staggering 164.5 billion U.S. dollars by 2030, and the baby bath/hair care category under this category accounted for nearly 66% of the market share in 2021, with other categories also steadily expanding.
5. Pet Care
Average profit margin of 40%. More and more people are keeping pets, making pet-related industries a popular direction. Pet care covers a variety of services to meet the needs of pet owners. According to relevant data, the pet care market is expected to grow at a compound annual growth rate of 6.9% between 2023 and 2030, indicating that the industry will continue to expand.
6. Children’s Toys
Average profit margin of 30%. The children’s toy category has always been very popular, and there are many popular toys every year. According to relevant data, the compound annual growth rate between 2021 and 2028 is 7.30%. Especially now that educational toys are becoming increasingly popular, this market will continue to grow.
7. Home Decor
Average profit margin of 20%. Nowadays, people pay more attention to their quality of life and have higher requirements for their indoor environment. Many people also like to DIY their indoor decoration, making home decor products particularly popular. The global home decor market was valued at approximately $86,017.514 billion in 2022, and it is expected to grow at a compound annual growth rate of 4.55% during the forecast period, indicating that it has enough potential.
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