With rising concerns about the environmental and ethical costs of the consumer goods industry worldwide, secondhand retail has seen growing importance over recent years. In the United Kingdom (UK), there are over 3,800
. During 2021,
saw a tremendous growth of 27.2 percent in value, a clear indication of increased consumer interest in the secondhand market. The UK also plays a key role in trading secondhand and used goods worldwide. In 2018, it ranked as the
, with exports valuing at approximately 541.41 million U.S. dollars.
Popularity of secondhand stores
The secondhand retail market,
particularly secondhand apparel, has been gaining traction in recent years, and is projected to grow at a fast pace globally. According to the ÌÇÐÄÆÆ½â°æ Global Survey,
clothing was the most popular item that consumers purchased secondhand in 2022. The increased interest in secondhand articles has many drivers behind it, and affordability and the consumer’s wish to live a
more sustainable life are the leading ones across the UK. eBay, one of the world's earliest secondhand marketplace players, was a
well-known brand, and used by 70 percent of UK consumers.
Besides online marketplaces, one of the most common types of secondhand stores in the UK is the charity shop. In 2020,
sales in charity shops were around 700 million British pounds since 2017. British Heart Foundation was the most popular charity with the British public in 2022.
Secondhand buyers and sellers
Globally, the UK is one of the leading countries where consumers are well-acquainted and practiced with buying and selling secondhand items. A 2022 survey found out that
four in 10 consumers purchased secondhand goods, while another one-third of consumers sold their used items on the secondhand market.
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