, Southeast Asia
539 views
Photo by Pixabay (Pexels).

Southeast Asia's e-commerce sales to reach $166b by 2026

It posted a more than 30% growth last year.

E-commerce sales in Southeast Asia are expected to reach $166b by 2026, following an over 30% rise in 2021, according to Euromonitor International.

Sales in the e-commerce sector reached $69b last year, up from $52b in 2020. In 2019, e-commerce sales in Southeast Asia were at around $34b.

Sea Limited, the owner of the e-commerce platform Shopee, was the top retailer in the region with $16.06b in sales in 2021.

Whilst the region is a “lucrative target for e-commerce players,” Euromonitor said Southeast Asia, which is home to over 500 million people is composed of diverse ethnicities, cultures, religions, and online shopping habits.

“Conquering this market is complex. Regional e-commerce players must create localised strategies like search engine optimisation for respective countries and languages or product lines catered to various cultural needs,” it said in the Top 100 Retailers in Asia report.  

“Pricing, marketing and customer service also need to reflect individual market dynamics. When well-executed, localised approaches give retailers and manufacturers a steadfast and longer-term competitive edge,” it added.

Follow the link s for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.