Malaysia E Commerce Statistics 2017
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Malaysia e commerce statistics 2017. Malaysia s 4 billion e commerce market is notable for its explosive growth in recent years. This statistic shows the value of the b2b e commerce income generated by companies in malaysia in 2017 sorted by sector. Revenue in the ecommerce market is projected to reach us 4 455m in 2020. The ecommerce market encompasses the sale of physical goods via a digital channel to a private end user b2c.
Monitor the impact on your business. Jeng jeng jeng 4 it is safe to forecast a total e commerce market size of usd5 53 billion or rm24 6 billion in malaysia for 2017. Annual sales have expanded significantly since 2015 jumping 47 8 percent in 2017 alone 14looking ahead the market is expected to expand at a compound annual growth rate of 24 percent to 2021 15. Insights from lazada leader of e commerce in malaysia.
Controlled by alibaba since 2016 the first general e commerce website in malaysia lazada is also trailblazing e commerce in southeast asia. Malaysia has 25 84 million active internet users 80 percent of the population and the population has extremely high rates of mobile phone penetration. Malaysia is an attractive market for ecommerce in southeast asia due to its dynamic economy and developed infrastructure for digital technologies. Connected consumer survey 2017.
With products ranging across many categories lazada is both pulling the market and benefiting from its expansion. E commerce expenditure of companies malaysia 2017 by sector amount spent online shopping during 11 11 sale malaysia 2020 devices used for online shopping malaysia 2020. With a total of population of around 30 million malaysia is an. About 80 percent of the malaysian population are active internet users and the population has a high rate of mobile phone usage.
Unique identifier 8 b2c ecommerce experience high growth in the past 5 years malaysia market is expected to grow to us 3 4 billion by 2020 b2c ecommerce sales growth.