Download from the SingStat Table Builder over 1,800 data tables from 60 public … With big discounts just before Black Friday and Cyber Monday, they are populating their malls with masses of customers. For eCommerce, even if the consumer confidence is slightly weakened, the longer-term outlook for Southeast Asia is still good. This Service is available for all sized companies and micro-entrepreneurs. To summarize, the China e commerce market is leading online commerce worldwide. Antalya - Gen Z-ers, the up-and-comers of the e-shopping world, have $29 billion in … According to the 2015 Nielsen report, 41% of Singaporeans prefer browsing online, and … Discover other market segments and categories related to your topic. Average annual revenue per user of consumer goods E-commerce (Arpu): $1,037 with +31% year on year change. Shopify. The average annual e-commerce revenue per person is $1,037, up 31%. Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. Shopee, the latecomer as an eCommerce platform, made a great advent in 2015. This country’s eCommerce growth is growing exponentially, and with it being a recent wave with an expected compounded annual growth rate of 8.4% between 2020- 2024, it means you … They create live-streamed game shows and a huge range of mini games. plane tickets), Sales between private persons (e.g. The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. Reading Support Directly accessible data for 170 industries from 50 countries in million US$ Approved!. in the eCommerce market E-Commerce Singapore trends for 2020 February 15, 2020. B2B eCommerce is projected to be two times bigger than B2C in 2020. Due to the pandemic, Singapore’s e-commerce market has changed in many positive ways. However, the real question for you, the Singaporean Entrepreneur is – How much money do you need to get started? Find out how you can get in on the action by learning what makes Singaporeans tick when they shop online, and other eCommerce … in the eCommerce market This growing spending power and the needs of a more wealthy consumer group opens market opportunities for more luxury goods. In Singapore 12 percent of all searches are voice based. yoy, E-commerce market volume SEA 2019-2025 by country, Online travel market scale APAC 2020 by country, Internet economy size SEA 2020 by country, Online media market value SEA 2020 by country, GMV of e-commerce market in Singapore 2015-2025, Number of Alibaba patents as of October 2020, by authority protected, Share of consumers who follow social media influencers APAC 2020 by country or region, Share of enterprises that engaged in e-commerce activities in Singapore 2017-2019, eCommerce - Singapore. in million US$. Yet, in most ASEAN nations (with the exception of Singapore), e-commerce accounts for a small slice of total retail which presents many opportunities for growth. Shopee is followed by the Singapore based e-commerce … And with the biggest eCommerce platforms Lazada and Qoo100 having more than 14 million visitors per month, economies of scales drive prices further down. in percent Singapore is experiencing the slowest growth rate in a decade. In the year 2020 a share of 23.9% of users is 35-44 years old. April 17, 2020 < 1 mins read. With these figures Singapore stays one of the most attractive eCommerce markets in Asia. (Shopify Plus, 2019) Consumers spent $601.75 billion online with U.S. merchants in 2019, which is up 14.9% in 2018.Digital Commerce 360 After the visit at the real life store, the customer feels the need to go online to enjoy the digital experience as a holistic closure of the complete shopping trip. Further, a global turndown in the electronics industries put another dent in the GDP. It covers all private household spendings meant for consumption at home. The user penetration is expected to be 70.4 percent in 2020. Augmented reality enhances the reality of online shopping. 1. Most countries will still … January 2020. ", "Really nice stuff, thanks for your hard work. Download from the SingStat Table Builder … However, while it is important, navigating the nuances of cross border e-commerce can be complicated given that there are a lot of moving parts. Enterprise Singapore (ESG) has launched the Singapore E-Commerce Programme to support SME retailers with little or no e-commerce experience to commence online trading. Statista 3 is expecting Singapore’s eCommerce market value to hit US$ 3.9 billion in 2024. ", "We had subscribed to economic package with limited modifications. Get the latest trends and understand the impact of the crisis on the market. | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of Desktop-PCs per capita. The same report noted that vis-à-vis the rise of Southeast Asian middle … At almost US$5 billion in 2019, Singapore’s e-commerce market size is only second to Indonesia’s US$11 billion.The e-commerce market size for Singapore’s closest neighbour, Malaysia, stands at just US$3.75 billion. ", "We are working with GO-Gulf for about 4 years now and have found them to be fair, transparent, responsive and helpful always. Estimated e-commerce user penetration in Singapore was at 57.31% in 2015 and is expected to hit 74.20% in 2020. The Survey on E-Commerce 2000, conducted jointly by the Infocomm Development Authority of Singapore (IDA) and Department of Statistics (DOS) reveals that the e-commerce revenues in Singapore have grown significantly over the past two years. in US$. and over 1 Mio. The following are not included in the eCommerce market: digitally distributed services (see instead: eServices), digital media downloads or streams, digitally distributed goods in B2B markets nor digital purchase or resale of used, defective or repaired goods (reCommerce and C2C). Check out our infographic “E-commerce in Singapore” for latest statistics and trends about E-commerce industry in Singapore. Prices and Price Indices Services … It will be an experience for friends and family. The middle class in Southeast Asia is expanding and reaches up to 350 million people by 2022. Products and services could be adapted for the individual user. The term eCommerce includes all purchases of products and services that take place online. The following categories are not included in the eCommerce market: digitally distributed services (see instead: eServices), digital media downloads or streaming services (see instead: Digital Media), online booking of plane and concert tickets, etc. With over 1 million (1,189,390) Current Shopify Customers using the eCommerce websites … Reading Support | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of mobile phones per capita. It covers all private household spendings meant for consumption at home. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook (Source: Builtwith stats) General eCommerce statistics. Increasing brand engagement can be achieved through community building (e.g., ASOS Marketplace), loyalty programs, and a seamless mobile and desktop user experience. The annual sales value of Singapore’s consumer e-commerce market totals $4.11 billion with a growth rate of 35% YoY. As Singapore prepares to transform itself into a global e-commerce hub in the face of strong global competition, an array of initiatives and grants have been rolled out by various government agencies in support of e-commerce investment and developments in Singapore. Business to business transactions are getting more digital and following in the footsteps of Business to consumer eCommerce. The “ARPU” box shows the average annual revenue per paying user of the selected market (market segment, region) for each year. Voice search analytics are not mature up to not existing. The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). ", Chrystal SandersonDemand Generation Specialist Asia Jet, "The experience of working with GO-Gulf was totally worth it. There Were 1.8 Billion Global Digital Buyers in 2018 (Statista) As of writing, there … You can only download this statistic if you are a Corporate Account user. T. here is no better time than the present to drive ASEAN’s e-commerce market. Especially in the gifts market adaptable and configurable products are very appreciated by the customers. Istanbul, Singapore is experiencing the slowest growth rate in a decade. ... Data of Q3 2020 was updated on 11/11/2020. The data source is specified individually for each data set. Reading Support The Current State of E-commerce In Singapore this 2020. By Mariëlle Markgraaff September 8, 2020 No Comments. Ecommerce in Singapore is still the fastest growing segment in the digital sector, and it is expected to reach 100 billion U.S. Dollar by 2025. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. The Map of E-Commerce ranks Singapore's top 50 e-commerce players based on their average quarterly traffic, mobile application ranking, social media followers and number of staff. In 2020 alone the revenue from the eCommerce Market is expected to exceed 2.7 billion U.S. Dollar. As an effect of the trade dispute between the United States and China, the export-oriented economy of Singapore has taken a hit. For domestic reach, ESG has partnered e-commerce platform providers Amazon, Lazada Singapore, Qoo10 and Shopee. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. E-commerce: jumped $52 billion Memorial Day sales: jumped 75% from $2 billion last year to $3.5 billion this year Mobile’s share of e-commerce: grew from January but not much, up just 10% in percent. PDF (1MB) Reference Statistical Best Practices 2020. Accessed: December 08, 2020. https://www.statista.com/outlook/243/124/ecommerce/singapore, eCommerce - Singapore Statista, https://www.statista.com/outlook/243/124/ecommerce/singapore (last visited December 08, 2020), A definition and detailed explanation of the displayed markets can be found, Number of individuals (all ages) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 0-14) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 15-24) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 25-34) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 35-44) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 45-54) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 55 and older) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Consumer spending, per capita (current prices), Average consumer spending per capita of private households in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for food and non-alcoholic beverages (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). Gartner Trend Research is predicting 100 million consumers to go shopping in the virtual space. All this means that while Singapore’s e-commerce revenue has been growing steadily year-on-year, the present climate is poised to send it into overdrive. Households denote residential communties of people living and keeping house together. It is the largest online E-commerce … The markets for Alcoholic, Non-Alcoholic and Hot Drinks in turn not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). Read on to find out more. With 630 million people, a growing middle class and rising internet penetration, SEA is often considered to be the next gold rush for e-commerce. Middle-Class Consumers: Leading The Way For E-commerce Growth. Singaporeans are some of the most active online shoppers in the world, thanks to a burgeoning e-commerce market and rapidly changing e-commerce trends in Singapore. The simple answer: You can start an eCommerce … Research provider eMarketer forecasts that retail e-commerce sales worldwide will reach USD 5 trillion by 2021. Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion by 2025. Companies interested in participating in the Singapore E-Commerce Programme may contact the appointed e-commerce platforms listed below for more information on their service offerings and to apply.
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