Since vinexpo began tracking world data so many years ago the rise of the asia pacific region and its massive contribution to growth of the wine and spirits sectors has been remarkable, said vinexpo ceo guillaume deglise. This report offers latest trends, growth factors, top players etc. Chinese companies are set to boost southeast asias e. In this issue of vietnam magazine, we aim to provide readers with a complete understanding of vietnams ecommerce industry. Southeast asia s ecommerce market by the numbers southeast asia s online shopping market is big and getting bigger. Chinas ecommerce market is worth a trilliondollars and chinese consumers now expect excellent, worldleading apps and seamless digital wallet payment options. Recently, the market has witnessed the growth of several smaller e. Ecommerce as a potential new engine for growth in asia, wp19. Prnewswire the asiapacific b2c ecommerce market 2018 report has been added to s offering. An efficient ecommerce marketplace requires information and communication technology infrastructureincluding internet access, speed.
Asias booming ecommerce market and the challenge to china. Southeast asia crossborder ecommerce market growth. Incorporated in this definition are purchases via desktop computer including notebooks and laptops as well as purchases via mobile devices such as smartphones and tablets. Asiapacific b2c ecommerce market 20182021 sales data. Ecommerce revolution in asia and pacific presents vast economic potential. Esales and selected macroeconomic outcomes, 201217. Southeast asia b2c ecommerce market 2018 prodigious growth foreseen for online commerce in southeast asia through 2025 says report germanybased online business research company s new report southeast asia b2c ecommerce market 2018. The ecommerce market of southeast asia is substantial, and still developing at a rapid pace. The asia pacific b2c ecommerce market 2018 report has been added to s offering over 50% of global online retail sales stems from. Explore southeast asian regional trends, challenges ecommerce retailers face, and pricingdriven solutions to these challenges. The second most populated country in southeast asia, the philippines is a large and rapidly developing market for ecommerce. Asiapacific b2c ecommerce market report 2018 pr newswire. Why 2018 was the year of ecommerce in southeast asia.
Singles day started in china but now its catching on in southeast asia s growing ecommerce market. Embracing the ecommerce revolution in asia and the pacific. China trade war having minimal negative impact so far and in some cases even boosting shipments, industry. The ecommerce logistics market of asiapacific region is expected to grow modestly during the forecast period 20182023. Southeast asia is a rapidly growing region for ecommerce players, online marketplaces and investors. This report introduces a new analytical framework to assess the level and quality of ecommerce. Just like amazon, flipkart first sold books, but it quickly started offering products in many. Significant growth potential for e commerce in asia. Southeast asia cross border e commerce market is expected to reach usd 12 billion in 2023, at a cagr of 14. Ycel yelken, ceo of commented on releasing the publication, increasing connectivity. If youre seeing this message, that means javascript. Embracing the ecommerce revolution in asia and the. Walmarts may 2018 purchase of flipkart, indias major homegrown digital retailer. Asia air cargo market gets ecommerce boost as trade war.
The southeast asia b2c ecommerce market 2018 report has been added to s offering prodigious growth foreseen for online commerce in southeast asia. The flourishing level of business and the stilluntapped potential are combining to make the area very exciting for online sellers. Southeast asia s online shopping market is big and getting bigger. In the first half of 2018, more than 85 percent of all retail ecommerce sales in china were shared by ten major market players. With a low income but a high growth, the philippines has a digital population. The indian ecommerce industry has been on an upward growth trajectory and is expected to surpass the us to become the second largest ecommerce market in the world by 2034. The anticipated growth rate for the alcohol ecommerce market. The ecommerce market encompasses the sale of physical goods via a digital channel to a private end user b2c. Still in its infancy, the asean ecommerce market presents many growth.
Chinese companies are entering the ecommerce market in the southeast asian region in a big way, but the heavily fragmented region poses a challenge, said credit suisses head of emerging asia. Insights and trends of ecommerce in the philippines. Revenue is expected to show an annual growth rate cagr 20202024 of 7. Forget china, theres an ecommerce gold rush in southeast. The report asiapacific b2c ecommerce market 2018, indicates that over one half of total global online retail sales happens in the asiapacific region. Though ecommerce rose to the top in south korea three years earlier than china, china is the digital powerhouse in asia pacific and the world.
The report covers sales data, trends, payment preferences of consumers and other pertinent information about eleven economies of the region. These are the big trends driving sea ecommerce in 2019. Asia is the fastestgrowing region in the global ecommerce marketplace. Asiapacific b2c ecommerce market report 2018 markets. Global ecommerce market 2018 to 2027 featuring apple. Southeast asia is currently a very attractive market for companies involved. Strong ecommerce demand is fuelling asia s air freight market, with the u. The number of internet users in the region hit 370.
New study on 2018 2023 ecommerce logistics market asia pacific key player, demand, growth. Asiapacific ecommerce logistics market 2018 share, trend. While cross border ecommerce cbec is an attractive channel for foreign businesses to sell to china, misunderstandings over how cbec in china works frequently end in costly disappointments and retreats from the market. China alone is the largest ecommerce market in the world. Southeast asia b2c ecommerce market report 2018e 2023f. Asia pacific b2c ecommerce market 2018, indicates that over one half of total global online retail sales happens in the asia pacific region. Gains were fueled by retailer competition, falling prices and mobile shopping uptake among consumers. With 630 million people, a growing middle class and rising internet penetration, sea is often considered to be the next gold rush for ecommerce.
It provides a novel analysis that investigates performance. Asia is the fastestgrowing region in the global ecommerce marketplace, with the largest share of the worlds businesstoconsumer ecommerce market. We begin by highlighting existing trends in the market, paying special attention. Understanding the southeast asian ecommerce market. As of 2018, the island country of japan has a population of 127. Ecommerce in japan asia pacific foundation of canada. Sep 06, 2018 heraldkeeper via comtex asia pacific ecommerce logistics industry. Asia is the worlds largest ecommerce marketplace and continues to grow rapidly.
Nearly 83% of sales came from china alonethe biggest ecommerce market. In our 2018 overview of leading marketplaces in different regions of the world, we already. Theres a myopia blinding ecommerce players to the reality of opportunities in southeast asia. Global ecommerce statistics of 2017 retail ecommerce sales worldwide were 2290 billion us dollars and are expected to rise to 2774 billion in 2018, according to statista. Download the southeast asia s crossborder ecommerce market report 2018. Heres the breakdown of where the regions at and where its headed.
The fashion market in southeast asia is expected to reach 100 billion usd by 2018. The ecommerce global market outlook 2018 2027 report has been added to s offering. Whos winning the ecommerce battle in southeast asia. The market has been positively influenced by growing ecommerce market and market players including new entrants. Ecommerce set for global domination but at different. Everyone is looking at asian economies from under the shadow china casts on the economic.
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