A massive power cut across large parts of Spain and Portugal will have had a major impact on EU cross-border e-commerce, says the international delivery expert Parcelhero.

A major power outage, which blacked out much of Spain and Portugal on Monday, and also reportedly briefly impacted regions of France, will have severely disrupted cross-border e-commerce, says the international delivery expert Parcelhero.

Parcelhero's Head of Consumer Research, David Jinks M.I.L.T., explains: 'The EU eCommerce market is expected to be worth around £527bn ($707.90bn) this year, according to the business intelligence site Statista: that's over £1.4bn a day. While the transport chaos caused by the power cuts was immediately obvious, the consequences for EU trade will take more time to become apparent. However, with the internet down for hours across most of Spain and Portugal, thousands of potential purchases are likely to have been lost.

Spain's e-commerce market is expected to reach £29.70bn ($39.81bn) this year and Portugal, though a smaller market, still has over three million e-commerce shoppers who spend more than £4.03bn ($5.4bn) annually. The shock waves of an internet outage lasting many hours across large areas of both countries could represent many thousands of pounds in lost sales.

Even once power is restored, consumers in Spain and Portugal will be wary about shopping online until they are certain power won't fail mid-transaction. Likewise, consumers across Europe will be wary of buying from potentially unstable Spanish and Portuguese sites for a time.

The EU e-commerce market is also vital to UK exporters. Any disruption will have been bad news for Britain's thousands of online traders. In 2019, UK e-tailers generated revenues of £2.8bn from EU-based orders. While this figure may have decreased post-Brexit, countries such as Spain and Portugal are still a significant market for UK-based sellers. A prolonged power cut in two major EU markets will have an impact on UK exporters online revenues.

Spain is one of the major European export markets for UK sellers. For more information about shipping to Spain, including Customs regulations post Brexit, see https://www.parcelhero.com/en-gb/international-courier-services/spain-parcel-delivery

ENDS

Parcelhero's Head of Consumer Research, David Jinks M.I.L.T., is available to supply exclusive written comment or for interview. David is available at david@parcelhero.com