In 2020, which products on Amazon have seen the biggest price increases? Which products have the highest return rates? Let's take a look. Recently, the Public Interest Research Group Education Fund (PIRG) studied product data for 15 household and daily necessities on Amazon, each with 50 different listings , for a total of 750 product listings , and compared the price changes of each product in 2020 . Of all the product listings collected, 136 listings had at least doubled in price, and 409 listings had increased in price by more than 20%, with one in seven of them being sold directly by Amazon. It is reported that these products with rapidly rising prices are "necessary" personal care products such as masks, pulse oximeters, surgical gloves, hand sanitizer and toilet paper . In addition, the prices of soap, disinfectant wipes, cough syrup, paper towels, eye protection products, oral thermometers, etc. have also increased by 20%. Here are some of the most popular products that have seen price increases: 66 % of all cloth mask listings have increased in price by at least 20 % over the past year , and at least 20 % have doubled in price . Most are single-pack, washable cloth masks. The highest price increase among all mask listings was $ 13.10 , from $ 12.89 to $ 25.99 .
In the past year, 44 % of goggles listings have increased in price by at least 20 %, and 28 % have at least doubled in price. 38% of goggles sold by Amazon have increased in price by 20 % or more. The highest price increase for goggles was $65.78, with a pair of goggles increasing from $ 19.31 to $85.09.
In the past year, 36% of toilet paper listings have increased in price by at least 20 % , and at least 11 % have doubled in price. Among Amazon's own toilet paper, 13 % have increased in price by 20 % or more. The highest price increase among all toilet paper listings is $79.04, with a pack of 36 rolls increasing from $ 30.95 to $ 109.99 .
Over the past year, 59% of hand sanitizers have increased in price by at least 20 %, while 11 % have at least doubled in price. 31 % of Amazon’s own hand sanitizers have increased in price by 20 % or more. The highest price increase for hand sanitizer was $ 47.37 , with a set of 3 bottles increasing from $ 25.57 to $ 72.94 .
In the past year, 59% of oral thermometers have increased in price by at least 20 %, and 24 % have at least doubled in price. Among Amazon's own products, 13 % have increased in price by 20 % or more. The highest price increase for oral thermometers was $ 146.98 , with the price of an oral thermometer increasing from $ 254.78 to $ 401.76 .
In the past year, 61% of patio heaters have increased in price by at least 20 %, and 45 % have at least doubled in price. Amazon’s own patio heaters have increased in price by 20 % or more for 12 %. The highest price increase among patio heater listings was $ 549 , from $ 150 to $ 699 .
It is reported that more than 400 listings in the report violated Amazon's fair pricing policy, but Amazon has not yet sent warnings to these sellers or deleted the illegal listings . Amazon said that in 2020 alone , it removed more than 39 million listings and froze more than 13,000 seller accounts for attempted price gouging. In addition, Amazon said it has referred some major offenders to federal and state law enforcement , worked with more than 40 state attorneys general across the country to prosecute bad actors, and advocated for the establishment of a federal price gouging standard. Here the editor would like to remind the majority of cross-border sellers not to drive up prices for their own selfish interests. In serious cases, their accounts will be permanently frozen.
Recently, data from Adobe Analytics showed that the total amount of online shopping in the United States during the 2020 holiday period increased by 32.2% to US$ 188.2 billion compared to 2019 . But according to the National Retail Federation, in 2020, U.S. consumers returned $ 102 billion in merchandise online, accounting for more than 20 % of the total e-commerce output of $ 556 billion, which is double the growth rate in 2019 . Items with high return rates include auto parts (19.4%), home decor ( 11.5 %) and household goods ( 11.5 %). It is reported that traditional clothing has the highest return rate online, usually between 25 % and 40 %. (Source: Cross-border Sellers Teahouse) |
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