Even in 2024, Amazon remains a popular choice for shoppers for obvious reasons. The platform has been highly successful. The Amazon FBA has been largely responsible for this success.
FBA is part of what evolved Amazon into what it is today. That development has made more than 85% of Amazon sellers use FBA to fulfill their orders in recent times.
This article outlines how sellers can improve sales on Amazon with FBA. Below are more than 10 statistics about Amazon FBA performance in 2024.
Table of Contents
- 8 Top Amazon FBA Statistics (2024)
- General Amazon FBA Seller Statistics
- Advantages of Using Amazon FBA
- Is Amazon FBA Still Relevant in 2024?
- How Big Is the Amazon FBA market?
- Final Thoughts on Amazon FBA Statistics
8 Top Amazon FBA Statistics (2024)
- More than 85% of sellers on Amazon employ FBA
- Amazon has over 9.6 million sellers around the world. Only about 20% are active today.
- Over 81% of brands, businesses, and sellers on Amazon prefer FBA to any other fulfillment method, including FBM.
- FBA sellers enjoy higher sales of between 20% and 25% compared to their counterparts.
- Amazon is 70% cheaper when compared to what other US carriers charge per unit.
- Almost half of Amazon FBA sellers enjoy between 11% and 25% success rate.
- Over 3500 new sellers register daily on Amazon. Some proceed to become FBA sellers.
- Sellers pay 15% of the product’s price as charges for each item sold on Amazon.
General Amazon FBA Seller Statistics
Over 82% Of Sellers on Amazon Use FBA as of The End of Last Year
64% of sellers used only FBA, whereas 22% combined it with other fulfillment methods like FBM. 14% of sellers on Amazon use FBM exclusively.
More Than 60% of Sales on Amazon are from Independent Sellers
60% of what is sold on Amazon comes from independent sellers. This group of sellers play a vital role in driving the Amazon marketplace.
Amazon Has Over 9.6 Million Sellers Globally
Only 20% of sellers are active on Amazon as of last year despite having a total of 9.6 million registered sellers.
66% of Amazon Sellers and Small Businesses Stated That Their Main Focus in 2024 Will Be Managing Their FBA Storage Space Fees and Availability
In the meantime, 70% of sellers and small businesses have identified financial management as their top priority for 2024. So, they intend to focus on tracking expenses, revenue, and other important parameters.
Amazon FBA Sellers Record 20 – 25% More Sales Than Sellers Who Do Not Use FBA
In 2023, Amazon FBA sellers were about six hundred thousand worldwide. They recorded more sales than their non-FBA counterparts.
What is the Gender Distribution of FBA Sellers?
There are no specific statistics showing the percentage of males and females that make up the FBA sellers on Amazon.
That said, the Amazon seller database is currently dominated by men. As of the end of 2023, 72% of those sellers were male, while the others were identified as female.
16% of Amazon Sellers Attribute their Success to Working with an Agency
Up to 15% of sellers state that their success on Amazon is linked to an agency. They allow the agency to manage their businesses.
18% of Sellers on Amazon Have One or More Workers.
18% of Sellers have employee(s) who work under them.
Advantages of Using Amazon FBA
FBA Sellers Can Focus on More Important Things
90% of FBA sellers choose to use Amazon for customer support and other services. Amazon FBA sellers can focus on sending their products to an Amazon warehouse close to them.
Over 70% of FBA Sellers Work from Home
More than 70% of FBA sellers operate their Amazon stores from home. Less than 20% use offices for the same purpose. So, if you’re considering a flexible schedule as an Amazon seller, you can achieve that with Amazon’s FBA.
No Need to Bother About Storage
Amazon has warehouses for shipping and storing different products. As an FBA seller, you can store your products in such locations. Users have to pay for storage fees though.
How Much Can FBA Sellers Earn on the Average?
Top FBA Amazon Sellers Make an Average of over $40,000 annually.
The top FBA sellers on Amazon record profit of about $28 an hour. Meanwhile, 75 percent of FBA sellers earn $23 per hour. Statistics also show that the lowest 25 percent of the FBA earning scale is about $15 per hour.
What is the Success Rate of FBA Sellers?
FBA sellers have a high success rate on Amazon. Almost half of Amazon FBA sellers enjoy between 11% and 25% success rate. 64% of sellers start earning profits within the first 12 months.
In addition, making profits on Amazon depends on a number of factors like customer service, marketing, pricing, and product selection.
What is the Cost of Amazon FBA?
During Q1 of 2024, FBA Charges Surged By 7% for Orders That Weighed 400g or More
There has been an upward review of FBA charges for product items weighing 400g or more. The fees for standard-sized products also increased by 6.8% within the first quarter of 2024.
How many Amazon FBA sellers are there in the US?
Statistics show that 1.1 million sellers are based in the United States.
How many Amazon fulfillment centers are in the US?
Amazon has over 110 active fulfilment centres in the US and more than 185 centres globally. The states where Amazon has the most warehouse locations are Texas, Illinois, Florida, California, , and Pennsylvania.
Is Amazon FBA Still Relevant in 2024?
Are FBA Sellers Still Enjoying Higher Sales in 2024?
Sure. Handling sales via FBA is still a smart decision, even in 2024. The data shows that many FBA sellers earn at least $1000 per month. The average Amazon FBA seller profit margin is from 14 to 28%.
Despite some brands mentioning a lack of control over their products as a reason for not fully optimising their success with FBA, the overall sales figures demonstrate that FBA is a valuable investment.
What’s the Population of New Amazon Sellers?
Over 3500 new sellers register on Amazon daily. In 2024, you can still sign up as an Amazon seller with a few months left.
How Big Is the Amazon FBA market?
Amazon’s revenue was $574 billion In 2023 compared to $514 billion in 2022.
It also revealed that nearly one-quarter (23%) of Amazon’s revenue is from third-party sellers!
From the third-party sellers surveyed, results show that 82% of them use Fulfillment by Amazon (FBA) to fulfil orders in their Amazon business
What is the profit ratio for Amazon FBA?
The average Amazon FBA seller profit margin is around 15-20%. Sellers with a profit margin over 15-20% are doing very well compared to those with a margin lower than 15-20%.
Final Thoughts on Amazon FBA Statistics
FBA is a cost-effective option for sellers, saving them 30% compared to standard carriers and 70% compared to premium services.
This allows FBA sellers to easily expand their businesses using Amazon’s extensive fulfilment network, leading to high customer satisfaction. Therefore, nearly nine out of ten Amazon sellers utilise FBA services.
Now that you have knowledge about Amazon FBA statistics,you may also want to know about the best tools for Amazon FBA sellers.
Best Tools For Amazon Sellers
Jungle Scout is a well-known software program used by Amazon sellers to search for products, data, etc. Most people use the tool to grow their Amazon business faster than other methods.
Refrences
https://www.pickfu.com/blog/amazon-fba-worth-it/
https://www.junglescout.com/resources/articles/amazon-statistics-2024/
https://junglescout.grsm.io/amazon-seller-report8945
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