So there is a lot of empty truck space moving around unutilized.” Ezyhaul works with enterprise trucking companies in Singapore and Malaysia to quickly match shipments with unused cargo trucks. To facilitate trade in Southeast Asia, the 10 nations that form the region have created the Association of Southeast Asian Nations Economic Community (AEC). 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. Meanwhile, Tokopedia, Bukalapak and Vietnam’s Tiki are among the top five most popular e-commerce platforms in southeast Asia, although they sell only in a single market. The latest e-Conomy of Southeast Asia report by Google and Singapore-based Temasek confirmed the growing confidence among investors in the region. Estimated size of e-commerce market in 2025, second only to Indonesia in the Southeast Asia region9. 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. Southeast Asia’s online shopping market is big and getting bigger. If you look at the most valuable e-commerce company in Asia, it’s Alibaba, with a $240 billion market cap. A trend propelling digital sales in several countries of the region is social commerce. Which B2C E-Commerce trends are prominent across the Southeast Asian markets? The product is a PDF. And the top three e-commerce businesses, Lazada, Shopee and Tokopedia, are homegrown players founded in … Online Media and Online Travel keep growing at a steady rate, with ample room to expand further. Apart from online platforms, logistics companies have also received new investments. Provide a networking platform for early stage investors who wish to enter the Singapore market. Improving your chances of startup success, Guide to incorporating your Singapore company. With a recent capital investment of US$ 30 million, it plans to expand into Indonesia, Thailand, Vietnam and the Philippines. As stated by Roger Egan, the CEO of Singapore based online grocer RedMart, “The lines are blurring between logistics and e-commerce. 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. As we’ll explore in greater detail below, Thailand’s online travel sector grew by 28 percent last year, adding more than US$900 million in the space of just 12 months to reach a total market size of … However, Singapore has attracted 27% of all the e-commerce startups in the region—including the most startups valued over US$ 10 million, US$ 100 million and US$ 1 billion. 06 etail in ietnam Navigating the digital retail landscape Figure 3: List of some retailers in Vietnam’s market No. Cross-border trade will likely continue to be a driving factor for the growth of e-commerce in Southeast Asia. With e-commerce continuously reaping record profits, the sector will play a valuable role in the region’s digital economy. When we look at South and East Asia – the region where e-commerce has the fastest growth – the lion’s share of e-commerce is owned by home-grown players such as Alibaba and JD.com in China and Flipkart in India. 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. Southeast Asia’s top ecommerce platforms and retailers . Lastly, the government of Singapore is world renowned for its efficiency and low rates of corruption. Furthermore, investments in e-commerce startups have continued to flourish in Singapore, especially within the last year. 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. Mariana will help you find what you are looking for. E-commerce isn’t limited to consumers. One hundred two billion dollars.That’s how much the value of ecommerce in Southeast Asia is estimated to exceed by 2025. 2018 was the year of e-commerce in Southeast Asia, which doubled in value from the previous year. Here’s the breakdown of where the region’s at and where it’s headed. B2C E-Commerce expanding rapidly in the Philippines While rapid growth rates of online sales are characteristic of the six countries covered in this report other than Singapore, already a mature market, it is the Philippines that is the growth leader in Southeast Asia. After a seed round funding of US$ 840,000, the logistics company plans to also make shipping more efficient in Thailand and Indonesia. The AEC offers e-commerce companies easier access to enter and expand into the Southeast Asian market—with Singapore making a strong case as the best entry point. It … By 2025, the Internet economy is expected to grow to $300 billion. In comparison, a new company can incorporate in Singapore in as little as 15 minutes. e-Commerce and Ride Hailing continue to beat the most optimistic of predictions. Southeast Asia’s e-commerce sector is a moving target. With a population of 5.6 million, Singapore makes up less than 1% of the people who live in Southeast Asia. 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%)”. Please submit your order within that time frame to avail of this price as all prices are subject to change. If so, you are likely to be exploring new markets in Asia. Dublin, June 09, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Southeast Asia B2C E-Commerce Market … Key findings on the most visited e-commerce platforms on desktop and mobile web Shopee takes the reign as the most visited e-commerce platform in Southeast Asia (six countries – Indonesia, Malaysia, Philippines, Thailand, Vietnam, & Singapore) in Q1 2019 with a total average of 184.8 million visitors. Singapore based Ezyhaul, dubbed “Uber for Logistics” stated in an interview with Tech in Asia that, “In Southeast Asia, over 65 percent of all trucks return empty after delivering their loads. 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%)”. The fully automated facility can handle more than 9,000 parcels a day that has reduced the total time for outbound deliveries from six hours down to three. Southeast Asia (SEA) is the world’s fastest-growing internet region. In 2018, there were 37.75 million eCommerce users in the Philippines, with an additional 18.02 million users expected to be shopping online by 2022. Singapore based Ninja Van, an express delivery service already provides last mile delivery services in Singapore and Malaysia. $102 billion is the expected size of Southeast Asia’s e-commerce market in 2025. The product is a PDF. In fact, according to PayFort, the Middle East e-commerce market would grow to US$69 billion by 2020, almost doubling in size in just a few years. This figure was more than US$9 billion higher than the total for 2017, representing a year-on-year increase … Southeast Asia is currently a very attractive market for companies involved globally in the e-commerce sector and smaller local players. The e-commerce market in South East Asia is a $100 billion market today and could grow to $300 billion by 2025, according to Mashable.com. According to World Bank statistics, the median number of days to incorporate a business in Southeast Asia is 24.5 days. * The price quoted above is only valid for 30 days. E-commerce set to burgeon in SEA Several websites and digital applications are already present in the Malaysian e-commerce landscape, with some global, regional and national players grabbing their shares. Statista estimates that consumer electronics will hold the lion’s share 4 of Malaysian electronics and media eCommerce revenue in 2020. The disproportionate trend is best explained by Singapore’s reputation for ease of doing business. video on demand, music streaming services, and video games).. Southeast Asia’s ecommerce market by the numbers. Note: Product cover images may vary from those shown. The most visited e-commerce platforms on desktop and mobile web in Malaysia and Southeast Asia in 2018 was Lazada, commanding the largest market share of total visits at 46 percent. The goal of the AEC is to make Southeast Asia a globally competitive single market, with a free flow of goods, services, labor, investments and capital across the 10 member states. Affordable and personalized Singapore Corporate Services delivered by experts - Incorporation, Compliance, Accounting, Taxes, Immigration, and Advice. It also serves as a platform where thought leaders in Singapore's startup eco-system can share their opinions and advocacy. Singapore’s key geographic location has made it a logistics hub for goods moving through Southeast Asia. In 2015, Southeast Asia received approximately US$ 1.1 billion in venture capital funding with a total of 355 deals. Southeast Asia B2C E-Commerce Market 2018 Prodigious growth foreseen for online commerce in Southeast Asia through 2025 says yStats.com report Germany-based online business research company yStats.com’s new report “Southeast Asia B2C E-Commerce Market 2018” forecasts eight-times the sales volume of last year by the middle of the next decade. With a population of 600 million — twice that of the U.S. — Southeast Asia is poised to eventually become the third-largest e-commerce market in … This is an enterprise license, allowing all employees within your organization access to the product. While Amazon and eBay failed to enter e-commerce market in China, they have managed to establish a significant footing in the still-developing Indian market. 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. Compelling opportunities and important challenges for the future of ecommerce in Southeast Asia . Fast and faster growth: dual-speed Southeast Asia. E-commerce in 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. and the size of the overall US eCommerce market. to $100 billion for the first time in 2019, more than tripling in size over the last four years. HAVE A QUESTION? In 2011, the Chinese government instituted a five-year plan to prioritize the development of the service economy. Southeast Asia’s online shopping market is big and getting bigger. Researching and Validating Your Startup Idea. All of which Singapore is more than ready to provide. We aim to respond to all questions on the same business day. And Alibaba is first and foremost a third-party business—tens of millions of merchants on the platform, all competing, all creating variety. Southeast Asia is the emerging hub of the e-commerce market, due to the already high and yet growing population, rising disposable income, increasing access to the internet, smartphone penetration, and developing transport infrastructure leading to efficient logistics services w… Which countries in Southeast Asia lead by online retail sales and growth rate? The Google and Temasek’s study found that “a total of US$ 40-50 billion must be injected over the next 10 years to make Southeast Asia a 200 billion internet economy in 2025”. Southeast Asia will be the next major boom market for e-commerce in Asia-Pacific (APAC), Marc Woo, Google’s head of e-commerce, travel, and financial services, told the Bangkok Post recently. A key metric that has placed the US at the top of our ranking this year is the number of cross-border online shoppers. There is no better time than the present to drive ASEAN’s e-commerce market. The survey, developed in collaboration with Nielsen, aims to identify consumer-packaged-goods (CPG) companies’ winning practices in commercial functions including marketing, portfolio management, pricing, and trade … The business opportunities that come with of greater demand for e-commerce in the region also present new challenges; Singapore has already positioned itself as the best country to meet this challenges head on. 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. What is the projected size of the B2C E-Commerce market in Southeast Asia by 2025? Which B2C E-Commerce trends are prominent across the Southeast Asian markets? The principal portal to the Internet and the pathway for the majority of online purchases in 2018 in Indonesia was a smartphone. Which countries in Southeast Asia lead by online retail sales and growth rate? The region needs capital and most recent reports find that the best place to find funding has been Singapore. E-Money Account, in % of Adults, February 2018, Breakdown of Reasons of Preference to Shop on Lazada and Shopee, in % of Online Shoppers, May 2018. However, 2018’s title for fastest-growing online travel market goes to a Southeast-Asian country. 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. Editorial Staff 11/08/2017 Digital Services, Economy, Technology. The product is a PDF. Should you pursue funding for your startup? 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. 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 Second largest country in Southeast Asia, the Philippines is a large and rapidly developing market for e-commerce. Please select an option from the list below. Southeast Asia B2C E-Commerce Market 2019. This website uses cookies to ensure you get the best experience. Using 2023 projections, a slight reordering appears, as well as one standout leader: China. On the ground, Southeast Asia’s developing nations pose new challenges for shipping that Singapore logistics startups are eager to tackle. 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. This product is a market research report. The prevailing trends and various opportunities in these regions are studied that can convince the growth of the market in the forecast period 2020 to 2027. 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. Yet e-commerce startups and their investors are willing to tackle logistical headaches to become established in a promising market. Last Published: 8/19/2019. 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. Singapore also attracts entrepreneurs for its low corporate tax rate of 17%, compared to the median corporate tax rate of 20% for the whole of Southeast Asia. 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. There is a misconception that e-commerce is all about the front end — website design and mobile applications. Latin America boasts the top-growing overall ecommerce market—Mexico at 35.0%—and No. Now with 83% control, Alibaba plans to leverage Lazada’s already established operations in Singapore, Thailand, Malaysia, Indonesia, Vietnam and the Philippines to expand into Southeast Asia. Lastly, Singapore offers the best foreign market access of any of the AEC nations with 20 bilateral and multilateral free trade agreements with countries including the United States, India, China and Japan. Approximately 99% of all imports and exports are tariff exempt in Singapore; this lowers the cost of goods bound for other AEC nations. The number of Internet users in Southeast Asia, and particularly in the 6 largest ASEAN … 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. The study found that the region’s share of total retail sales had already surpassed that of Western Europe and North America. Which devices, products, and payment methods do Southeast Asian online shoppers prefer? With greater access to mobile networks, Southeast Asia is currently the fastest growing internet market in the world. By then, these 45.77 million eCommerce users will spend an average of US$48.72 online. 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. Startups raised $9.1 billion in the first half of last year, almost as much as throughout the whole of 2017. An in-depth look at local ecommerce markets for six of Southeast Asia’s largest economies: Indonesia, Malaysia, The Philippines, Singapore, Thailand, and Vietnam. Overview Malaysia is an attractive market for eCommerce in Southeast Asia due to its dynamic economy and developed infrastructure for digital technologies. 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. And they will need world-class logistics. This is a 1-10 user license, allowing up to ten users have access to the product. Speak to our Custom Research Team. E-commerce, which is expected to grow by 261% between 2016 and 2021, is one of the region’s most explosive sectors. Approximately 70% of people in Southeast Asia are under the age of 40. Africa and the Middle East: $18.6 billion; South America: $17.7 billion ; Looking at those same figures along country lines reveals the 10 largest ecommerce markets in the world currently are: Of course, what truly matters isn’t where we are but where we’re going—the future of ecommerce. More residents of the region for the first time will have access to buy and sell goods online. The investment came a year after Alibaba paid US$ 86.2 million to gain a 34% stake in Quantum Solutions International, SingPost’s e-commerce logistics unit. Still, Lazada remains the most visited e-commerce platform in Malaysia, Singapore, the Philippines and Thailand, according to the study. Still haven't found what you're looking for? The strong legal system in Singapore allows for the fastest resolution times for contract disputes in all of Asia. A printed copy of the product will be shipped to you. Who are the leading E-Commerce market players in Southeast Asia? 8 Argentina. The growth of Southeast Asia’s internet economy brings new opportunities for e-commerce. Singapore led the region with 131 total deals totally US$ 820 million. Do you Have the Traits of an Entrepreneur? This blog promotes innovation and entrepreneurship in Singapore. And that is very much the Asian model of e-commerce. 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