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e commerce market size south east asia

Wednesday, December 9th, 2020

The Port of Singapore sees millions of containers each year, while Singapore’s Changi Airport sees more air cargo than any other airport in Southeast Asia. Our missions is to: Types of Business Structures Available in Singapore, Singapore Company – Frequently Asked Questions, Annual Filing Requirements for Singapore Companies, Singapore’s Tax System and Current Tax Rates, Singapore Goods and Services Tax (GST) Guide, Types of Work Visas Available in Singapore, Singapore’s Standard of Living and Its Quality of Life, Guide to Singapore’s Employment Pass Visa Program, Guide to Singapore’s Personalised Employment Pass (PEP), Entrepreneur Pass – Visa Program for Foreign Entrepreneurs, An Overview of Singapore’s Permanent Residence Schemes, Tax Incentives Available to Singapore Businesses, Sector-Specific Incentives Available in Singapore, Market Readiness Assistance (MRA) – Grant for Overseas Expansion, Incentives Available to Promote Mergers and Acquisitions (M&A) in Singapore, Funding Sources Available to Startups in Singapore, Global Trader Programme – Incentive for Global Trading Firms to Relocate to Singapore, Choosing a Name for Your Singapore Company, Singapore Companies Act 2017 Amendment – Key Changes. Online retail sales volume in Indonesia highest in Southeast AsiaThe leading economy among the six nations included in the report is Indonesia, one of the most populous countries in the world. Editorial Staff 11/08/2017 Digital Services, Economy, Technology. to $100 billion for the first time in 2019, more than tripling in size over the last four years. Each month 3.8 million people gain internet access—adding to the current base of 260 million users that is projected to grow to 480 million by 2020. In comparison, a new company can incorporate in Singapore in as little as 15 minutes. Singapore’s key geographic location has made it a logistics hub for goods moving through Southeast Asia. Global B2C E-commerce Industry September 2020 $ 5450 Global E-commerce Payment Industry July 2020 $ 4950 E-commerce Plastic Packaging Market - Growth, Trends, Forecasts (2020 - 2025) August 2020 $ 4250 The Environmental Impact of E-Commerce 2020 January 2020 $ 2150 Benefits of Forming a Limited Liability Company, When and Where to Incorporate Your Startup, Key Legal Documents for a Startup Company, Fine Tuning Your Business Model After Launch, Managing Startup Risks – An Entrepreneur’s Guide, Executing a Successful Sale of Your Business, The potential of Southeast Asia’s e-commerce market, Singapore is well positioned as an e-commerce investment hub. Lastly, the government of Singapore is world renowned for its efficiency and low rates of corruption. We aim to respond to all questions on the same business day. By 2025, the Internet economy is expected to grow to $300 billion. Moreover, with increased demand in air freight from online shoppers, the Civil Aviation Authority of Singapore has recently opened the e-commerce AirHub at Changi Airport. The market is growing rapidly, from US$558.1 million in revenue in 2017, to US$860.1 million 7 in 2019, and is predicted to reach US$ 1.1 billion by 2024. The most visited e-commerce platforms on desktop and mobile web in Malaysia and Southeast Asia in 2018 was Lazada, commanding the largest market share of total visits at 46 percent. Projections of the rapid growth of online commerce in Vietnam move it to second place in the region by the end of this year, bumping Thailand to third among the Southeast Asian sales volume leaders. Furthermore, the average load factor of trucks on the road is less than 40 percent. October 22, 2019 | By Kanitta Sasakul. This is a major concern as most rely on “cash on delivery” as a payment option. There is a misconception that e-commerce is all about the front end — website design and mobile applications. This figure was more than US$9 billion higher than the total for 2017, representing a year-on-year increase … According to World Bank statistics, the median number of days to incorporate a business in Southeast Asia is 24.5 days. Specifically, there is: Mainland Southeast Asia, also known as Indochina, includes: After a seed round funding of US$ 840,000, the logistics company plans to also make shipping more efficient in Thailand and Indonesia. According to an updated report by Google & Temasek, it is predicted that the internet economy is on a steep growth trajectory, expected to … Approximately 70% of people in Southeast Asia are under the age of 40. Chinese companies like Alibaba and Tencent are bringing their investments and technology to the Southeast Asian region, Credit Suisse's head of emerging Asia economics said. Each license type allows a set number of users to access the report. Statista reports that consumers across Southeast Asia spent more than US$53 billion in 2018 on online purchases of consumer goods, travel products and services, and digital media (e.g. A printed copy of the product will be shipped to you. Support the development of Singapore's entrepreneurial communities; Foster a vibrant entrepreneurial culture in Singapore; Encourage entrepreneurs who wish to enter the Asian market to consider Singapore; and. Statista estimates that consumer electronics will hold the lion’s share 4 of Malaysian electronics and media eCommerce revenue in 2020. And they will need world-class logistics. As we’ll explore in greater detail below, Thailand’s online travel sector grew by 28 percent last year, adding more than US$900 million in the space of just 12 months to reach a total market size of … We covers news and analysis of startup activity, general entrepreneurship, regulatory changes, startup events, ideas and opportunities in Singapore. video on demand, music streaming services, and video games).. 8 Argentina. At present, the Asia-Pacific region already leads the pack in global B2C e-commerce, according to a 2015 Research and Markets report. Includes what a company needs to know to take advantage of e-commerce in the local market and , reputable, prominent B2B websites. The strong legal system in Singapore allows for the fastest resolution times for contract disputes in all of Asia. Improving your chances of startup success, Guide to incorporating your Singapore company. Southeast Asia is made up of 10 nations: Thailand, Indonesia, the Philippines, Vietnam, Malaysia, Myanmar, Laos, Cambodia, Brunei and Singapore. More recently, Google partnering with Temasek, released a report titled ‘ e-conomy SEA: Unlocking the $200 billion digital opportunity in Southeast Asia ’ that sizes the current ecommerce market at $5.5 billion (as of 2015) and foresees it to grow into an $88 billion market as early as 2025. Singapore based Ninja Van, an express delivery service already provides last mile delivery services in Singapore and Malaysia. A key metric that has placed the US at the top of our ranking this year is the number of cross-border online shoppers. A trend propelling digital sales in several countries of the region is social commerce. This is a 1-10 user license, allowing up to ten users have access to the product. At a turning point in terms of Internet and mobile penetration, the population of Southeast Asia is quickly adapting its behaviors to take advantage of new opportunities available in purchasing products and services online. We are overly excited to release this week our latest White Paper on the State of eCommerce in SEA, leveraging iPrice’s proprietary data from more than 1,000 eCommerce merchants across the region… 21m 17m In 2016, the Internet users in Southeast Asia will be… 4m 11m 28m 22m Source: Euromonitor 21m 80m 43m 36m 36m Total 205m Internet Users In “Big 6” SEA countries 7. All Rights Reserved. What is the projected size of the B2C E-Commerce market in Southeast Asia by 2025? The US has the second highest number of cross-border online shoppers in the world – 82.72 million – although as a percentage of total online shoppers, it places significantly lower. E-commerce isn’t limited to consumers. E-commerce, along with ride-hailing, are said to be the main drivers of Southeast Asia's internet economy, which, according to a popular industry report, is predicted to reach $300 billion by 2025. Startups raised $9.1 billion in the first half of last year, almost as much as throughout the whole of 2017. This article draws on the results of the 2017 Asia Commercial Excellence Benchmarking, with an exclusive focus on companies operating in Indonesia and the Philippines. The internet economy in Southeast Asia is on the rise. The publication indicates that the growth in this part of the world has attracted the attention of regional and global online merchants as exemplified by Alibaba’s partnership with Singapore-based Lazada. e-Commerce and Ride Hailing continue to beat the most optimistic of predictions. The growth of Southeast Asia’s internet economy brings new opportunities for e-commerce. According to Export.gov, a website run by the US Department of Commerce and other government agencies, Taiwan has one of the highest e-commerce penetration rates globally, with a market size of US$37.6 billion in 2016. The most visited e-commerce platforms on desktop and mobile web in Malaysia and Southeast Asia in 2018 was Lazada, commanding the largest market share of total visits at 46 percent. Research and Markets partners with charity: water. Still, Lazada remains the most visited e-commerce platform in Malaysia, Singapore, the Philippines and Thailand, according to the study. Fast and faster growth: dual-speed Southeast Asia. The e-commerce market in Southeast Asia (SEA) is poised for a boom, and its internet economy is expected to burgeon to more than $200 billion within a decade, a new report has found. And Alibaba is first and foremost a third-party business—tens of millions of merchants on the platform, all competing, all creating variety. The 'Global and Southeast Asia E-Commerce Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global E-Commerce industry with a focus on the Southeast Asia market. One hundred two billion dollars.That’s how much the value of ecommerce in Southeast Asia is estimated to exceed by 2025. Which B2C E-Commerce trends are prominent across the Southeast Asian markets? With e-commerce continuously reaping record profits, the sector will play a valuable role in the region’s digital economy. B2C E-Commerce Sales, in USD billion, by Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, 2018e & 2023f, and CAGR, in %, 2018e - 2023f, B2C E-Commerce Sales by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, in USD billion, 2015, 2018e & 2025f, and CAGR, in %, 2018e - 2025f, Top 10 Most Visited E-Commerce Platforms, by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, Q1 2019, Top 10 Shopping Apps by Most Active Monthly Users, by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, Q1 2019, Smartphone User Penetration, in % of Mobile Phone Users, 2015 - 2018, Breakdown of Devices Used to Access E-Commerce Websites, in % of E-Commerce Users, 2018e, M-Commerce Share of Total Retail E-Commerce Sales, in %, 2018, Breakdown of E-Commerce by Local and Cross-Border, According to Buyers and Sellers, in %, 2018e, Breakdown of E-Commerce Sales by Social Commerce and Retail E-Commerce, in USD billion, 2017 & 2022f, Internet Economy Market Size, in USD billion, by Sector, 2015, 2018e & 2025f, Retail E-Commerce Sales, in USD billion, 2018 & 2023f, E-Commerce Share of Retail Sales, in %, 2019f, Internet Penetration, in % of Individuals, 2017 - 2022f, Breakdown of Frequency of Online Shopping, in % of Internet Users, March 2019, Top 3 Product Categories Purchased Online, in % of Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, September 2018, Breakdown of Main Drivers for Online Shopping, in % of E-Commerce Users, 2018e, B2C E-Commerce Players Overview, May 2019, Most Used E-Commerce Websites, in % of Online Shoppers, 2018, Product Categories Purchased from the Top Local Online Shopping Websites, May 2018, B2C E-Commerce Market Overview and International Comparisons, August 2019, Breakdown of Internet Traffic by Device, in %, 2018, Devices Used for Shopping Online, in % of Online Shoppers, 2018, Breakdown of Reasons to Use Social Media, in % of Social Media Users, September 2018, B2C E-Commerce Sales, in USD billion, and Year-on-Year Change, in %, 2014-2017 & 2020f, Retail E-Commerce Sales, in USD billion, 2018e & 2023f, B2C E-Commerce Share of Total Retail Sales, in %, 2012-2017 & 2020f, Internet Penetration, in % of Population, 2017-2022f, Online Shopper Penetration, in % of Internet Users, 2018e, Product Categories Purchased Online, in % of Online Shoppers, 2018, Breakdown of Payment Methods Used in Latest Online Purchase, in % Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2018, Breakdown of Perceptions on Online Shopping, incl. Both of these signal growth for the e-commerce market in the region. E-commerce in 2019. Southeast Asia B2C E-Commerce Market 2019. Global and Southeast Asia E-Commerce Industry, 2018 Market Research Report has complete details about market of E-Commerce industry, E-Commerce analysis and current trends. A study conducted by PayVision shows that “an estimated 55% of all e-commerce in Singapore and 40% of all Malaysian e-commerce is cross-border, an extremely high percentage compared to cross-border e-commerce figures for Japan (18%) and South Korea (25%)”. This blog promotes innovation and entrepreneurship in Singapore. Which B2C E-Commerce trends are prominent across the Southeast Asian markets? ASIAN DEVELOPMENT BANK 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org Embracing the E-commerce Revolution in Asia and the Pacific Asia is the world’s largest e-commerce marketplace and continues to grow rapidly. Should you pursue funding for your startup? a new company can incorporate in Singapore, Ten facts you should know before you decide to incorporate a company, Plan a Singapore vacation and explore if your business should expand here, Singapore Crowned the World’s Most Competitive Economy. After 2000, the e-commerce market was mainly dominated by business-to-business ... Malaysia rapidly spread out to neighbor countries and figure now among the more visited and efficient websites in South-East Asia. Over the past three years, it has been the most dynamic sector of the digital economy accounting for close to US$11 billion in gross merchandise value (GMV) in 2017, exceeding US$23 billion in 2018. and the size of the overall US eCommerce market. This is an enterprise license, allowing all employees within your organization access to the product. Second largest country in Southeast Asia, the Philippines is a large and rapidly developing market for e-commerce. Delivery-Related, in % Respondents, 2018, Overview of B2C E-Commerce Players, August 2019, Top 10 B2C E-Commerce Websites, by Average Monthly Visits, in millions, Q2 2019, Websites Used for Online Shopping, in % of Online Shoppers, 2018, B2C E-Commerce Market Overview and International Comparisons, May 2019, M-Commerce Sales, in USD million, and Penetration, in %, 2017-2021f, Share of Internet Users Who Consider Social Media as the Top Channel for Product Discovery, in %, and Share of Online Shoppers Who Made Purchases via This Channel, in %, 2018, Retail E-Commerce Sales, in USD billion, 2016, 2018e, 2025f, B2C E-Commerce Share of Total Retail Sales, in %, 2018, Internet Penetration, in % of Individuals, 2011 - 2018e, Number of Online Shoppers, in thousands, and Penetration, in % of Internet Users, by Location, Gender, and Age Group, Q1 2017 & Q1 2018, Product Categories Purchased in E-Commerce, in % of Online Shoppers, Q1 2018, Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2017 & Q1 2018, Breakdown of Positive Aspects of Lazada and Shopee, in % of Online Shoppers, May 2018, Top 5 E-Commerce Players by Market Share, in %, 2018, B2C E-Commerce Market Overview and International Comparisons, June 2019, Cross-Border Online Shopper Penetration, in % of Online Shoppers, November 2018, Share of Online Shoppers Who Made Purchases via Social Media, in % of Online Shoppers, February 2019, B2C E-Commerce Share of Total Retail Sales, in % of Respondents, Q3 2018, Internet Penetration, in % of Individuals, 2013 - 2018, Online Shopper Penetration, in % of Internet Users, 2018, Product Categories Purchased in E-Commerce, in % of Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, 2018, Most Important Factors in E-Commerce Delivery, in % of Online Shoppers, 2018, Overview of E-Commerce Players, June 2019, Top 10 E-Commerce Websites, by Average Monthly Visits, in millions, Q1 2019, Breakdown of Devices Used for Online Shopping, in % of Online Purchases, 2018, Cross-Border Online Shopper Penetration, in % of Adult Online Shoppers, May 2018, B2C E-Commerce Share of Total Retail Sales, in %, April 2019, Internet User Penetration, in % of Individuals, 2010 – 2018e, Online Shopper Penetration, in % of Internet Users, May 2018, Top 5 Product Categories Purchased Online, in % of Online Shoppers, 2018, Top 3 Payment Methods For Online Purchase, in % of Online Shoppers, January 2018, Delivery-Related Options Encouraging Online Shopping, in % of Online Shoppers, 2018e, Overview of B2C E-Commerce Players, June 2019, Top 10 E-Commerce Websites, by Average Monthly Visits, in thousands, Q1 2019, Breakdown of Online Shoppers by Domestic Shoppers Only, Domestic and Cross-Border Shoppers, and Cross-Border Shoppers Only, in %, May 2018, B2C E-Commerce Share of Total Retail Sales, in %, 2018e, Internet Penetration, in % of Individuals, 2010 - 2018e, Breakdown of Frequency of Online Shopping, by Gender, in % of Online Shoppers, 2018e, Product Categories Purchased in E-Commerce, in % of Online Shoppers, July 2018, Payment Account Ownership, incl. 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