Malaysia Digital Economy Corporation, Surina Shukri, E-Commerce, ASEAN Digital Pulse E-commerce market size (USD billion) 5 - 7 8 - 12 12 - 15 25 - 30 10 - 15 7 - 10 A.T. Kearney estimates e-commerce market size of USD67 – 89 billion for ASEAN in the future, with Thailand, Indonesia and Malaysia, having biggest growth potential With just 4.1m e-commerce users compared to Indonesia’s 147.1m, Singapore boasts Southeast Asia’s highest average revenue per user (ARPU) at US$1,222.40 compared to Indonesia’s US$75.66 and Malaysia’s US$185.06. Electronic commerce (e-commerce) has become ubiquitous in the global market and is developing rapidly in the ASEAN region. e - Commerce for economic expansion and effective growth at the forefront of the ASEAN region. The series kicked off in May 2016 with the inaugural “e-Conomy SEA — Unlocking the $200 billion digital opportunity in Southeast Asia”. The e-commerce landscape in Japan. Along with Singapore, Malaysia dominates the Southeast Asian e-commerce market. It is expected to witness a surge in demand, owing to the rising disposable income, global per … In ASEAN, e-Commerce has become increasingly important. in ASEAN will reach USD200 billion by the year 2025, driven first-hand by the growth of e-Commerce market, followed by online media and online travel. The Covid-19 pandemic has become a catalyst for the ASEAN market to adopt e-commerce earlier than forecasted, according to the Malaysia Digital Economy Corporation (MDEC). 1550. Handbook on Competition & E-Commerce in ASEAN. The global B2C e-commerce market size was valued at USD 3.35 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 7.9% from 2020 to 2027. Asia-Pacific e-commerce market is projected to exhibit a considerable CAGR of 18.5% during the forecast period (2019-2025). ADB Avenue, Mandaluyong City. The handbook highlights how E-Commerce impacts traditional competition dynamics, as well as outlines policy considerations and advocacy strategies to address the challenges of enforcing competition law with the rise of E-Commerce activities. and inequalities in ASEAN e-commerce market, (ii) to highlight the best practices in logistics connectivity in e-commerce, and (iii) to propose policy recommendation on how to improve logistics connectivity to promote cross border e-commerce. The Indonesian online market could be worth US$53 billion by 2025. The growing internet user base makes Thailand an ideal growth environment for e-commerce businesses. Taken as a single entity, ASEAN represents the world’s third largest market and one the largest economy. Metro Manila, Philippines www.adb.org. The e-commerce market size for Singapore’s closest neighbour, Malaysia, stands at just US$3.75 billion. According to the study Lifting the Barriers to E-Commerce in ASEAN, released today by top management consulting firm A.T. Kearney, the online retail market in Thailand has growth potential of $12-15 billion, compared to its present size of slightly less than $1 billion. This is largely due to the ease of doing business in America – there is great logistics infrastructure and high demand for cross-border retailers with eCommerce market revenue Joint Media Statement ASEAN Online Sale Day on 8 August 2020; Congratulatory Message from the Chair of AEM on the ASEAN Online Sale Day (AOSD) Click to view the handbook in PDF. According to the Ministry of Economy, Trade and Industry’s “Development of Infrastructure for Data-Driven Society in Japan in 2018 (Market Survey on Electronic Commerce)” released on May 16, 2018, the e-commerce market has been expanding steadily. Thailand E-Commerce Week 2017 + CLMV ETDA drive E-Commerce development, Entrepreneur training, Create a strong online trading environment for support “Thailand4.0”project through Thailand E-Commerce Week 2017 that comes “The health supplements market in ASEAN is forecast to record a compound annual growth rate of 5.6% between 2018 and 2026, to reach a value of US$10.6 billion,” he explained. In 2018, the total size of the Japanese e-commerce market was 166 billion USD (1 USD = 108.37 JPY). The Indonesian government has a far more ambitious plan to expand the e-commerce sector size … Meanwhile, e-commerce in Indonesia will only get bigger. Despite the small size of their populations relative to the region (only 8 percent combined), the two countries account for half of total online sales in ASEAN. 23 E-Commerce Market Size – ASEAN $7B, 2013 (much higher compared to WSJ report, which looks more reasonable considering regional Lazada/Zalora GMV in 2013 of EUR 150M and assuming 20% SEA e-commerce market share) Source: A.T. Kearney 24. 25 trillion (US$1.9 billion) across 49 million consumers in 2016 – a sharp increase from the Rp. Yet, in most ASEAN nations (with the exception of Singapore), e-commerce accounts for a small slice of total At present, the Thai e-commerce market is valued at US$3.5 billion and is expected to generate revenue growth rate of 13.2 percent annually, reaching US$5.8 billion in 2022. Section 2 presents the definitions and meanings Breakdown of E-Commerce Sales by Social Commerce and Retail E-Commerce, in USD billion, 2017 & 2022f 3.3. Sales & Shares Internet Economy Market Size… The sector is on track to exceed US$150 billion by 2025 – US$50 billion more than projections made over a year ago – on the back of stronger-than-anticipated growth. This development comes up with challenges in building trust to ensure consumers benefits. ASIAN DEVELOPMENT BANK 6. The report highlighted Malaysia as having the strongest growth in the region. Dublin, June 09, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Southeast Asia B2C E-Commerce Market … Market Size. The GMV is predicted to reach $130 billion in 2020.. With very optimistic GMV predictions, it’s no wonder many e-commerce players are competing for a bigger market share. The structure of the chapter is as follows. Japan E-Commerce Market. 4. The Indonesian e-commerce market is projected to grow eightfold from 2017 to 2022 with e-tail spending growing from US$5 billion to US$425 billion. E-Commerce in Thailand has growth potential of $12-15 billion. Social commerce spending is expected to grow from US$3 billion to between US$15 billion to US$25 billion. Embracing the E-commerce Revolution in Asia and the Pacific size of myanmar e-commerce market Even if we take a very conservative estimate of 1% of internet users making online purchases, there are 180,000 active online buyers at present. The This report offers latest trends, growth factors, top players etc. Bank Indonesia has stated during 2016-2017 that the online transactions GMV reached US$5.3 billion. On a similar note, Google and Temasek forecasted that the market will expand to USD 87.8 billion by 2025 (KOTRA, 2018). Download the Southeast Asia’s cross-border e-commerce market report (2018-23) now. Here are some infographics to dive deeper in international economic and demographic comparisons with the US, EU, China, Japan and India, as well as more details on ASEAN countries relative size and economies. Credit Suisse estimates that the size of ASEAN’s e-commerce market is projected to grow by 32% annually, reaching almost USD 90 billion by 2025 (Singapore Business Review, 2018). It is currently a relatively small e-commerce sales market, with just US$8.3 billion worth of sales projected in 2019, ranking it eighth regionally in the E-commerce Index behind Indonesia, the largest market in South East Asia. of the global e-commerce market. GLOBAL ECOMMERCE MARKET RANKING 2019 - 4 SPOTLIGHT ON: USA The United States is the number one eCommerce market in the world for 2018. iCrowd Newswire - Oct 27, 2020 The ‘ B2B E-commerce market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The value of ASEAN’s e-commerce has expanded seven times in just four years, rising from US$5.5 billion in 2015 to over US$38 billion in 2019. If these projections are accurate, Indonesia will dominate ASEAN’s digital economy, accounting for 40% of all transactions by 2025. In that report, we projected that the Southeast Asian Internet economy would grow to $200 billion by 2025, fueled by rapid growth in Online Travel, e-Commerce … With an expected yearly growth of 40% in sales and 30% in its volume of online shoppers, Indonesia’s e-commerce market is set to develop apace. The e-commerce companies … Sales are expected to have reached Rp. Realising the important role of trust in e-commerce, the ASEAN … Chief operating officer Datuk Ng Wan Peng said prior to the pandemic, MDEC forecasted ASEAN e-commerce … India’s E-commerce revenue is expected to jump from US$ 39 billion in 2017 to US$ 120 billion in 2020, growing at an annual rate of 51%, the highest in the world. 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