Thailand Ecommerce

Thailand Ecommerce

Thailand Ecommerce

Thailand's Ecommerce Market

Thailand, with sales of US$7 billion in 2020, and also is the 25th biggest market for e-commerce, leading both Saudi Arabia and Belgium. With a 43% rise, Thai eCommerce contributed 26% to global growth in 2020. E-commerce revenues also continue to grow. New trends are emerging, and developed markets will continue expanding. For the next few years, global demand will continue. Their expanding middle-class and delayed offline retail infrastructure was pushed by East and South East Asia.

Online purchases of physical products to a private end customer involve the eCommerce industry (B2C). Purchases through computer and mobile purchases via smartphones and tablets are included in this concept. The following services are excluded from the scope of eCommerceDB: digitally delivered services (e.g. flight tickets), dedicated online stores to digital media download or streamed online stores; B2B online stores; and private purchases among individuals (C2C) in eCommerce markets.

Top Stores Online

Jd.co.th.is Thai's largest e-commerce player, with store's revenue in 2020 amounted to US$350 million. It was followed by Apple.com with earnings of 155 million US dollars and Nike.com with an income of 50 million US dollars. In all, 10% of online sales in Thailand account for the top three stores.

The store classification is focused on all shops in Thailand which generate sales. These stores may be domestic and sell either in their country or run on a global scale. Only revenues produced in Thailand were considered for this assessment. Flowers2thailand.com is one of the fastest expanding stores on the Thai market. Sales of approximately US$0.7 million were reached in 2020. While In the previous year, its sales growth was 33%.

The Scale Of The Market And Pace Of Growth

Market growth is projected to continue in Thailand over the next few years, as the Statista Digital Market Outlook indicates. The average compound increase (CAGR 20-24) is expected to be 13% over the next four years. This reduction shows a relatively flooded market in comparison to the 43% increase year-on-year. The internet penetration in Thailand, which means 44% of Thais population purchased at least one product online by 2020, also shows a concentration of the industry.

The ecommerceDB considers taking five groups. Electronics & Media is Thailand's biggest market accounting for 33% of eCommerce sales. Followed by 32% for Food & Personal Care, 19% for Toys, Hobby & DIY, 10% for Fashion and 6% for Movable & Apartments.

Top Suppliers For Shipping Services

Kerry Logistics is the leading supplier of online supply services In Thailand. 50% mention Kerry Logistics as one of their suppliers from those stores that show which facility they use for transporting their products. In addition, at rates of 50% and 12%, EMS and TNT are one of the three largest online shipment services companies in Thailand offered by online retailers.

Shipping information is supported by orders from the main country of the store, which is the one of which much of its online revenue is generated in Thailand. Only stores that should be considered are the ones that have information about their suppliers.

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Overview of Thailand Ecommerce

Thailand Ecommerce Shopify is a software company that specialises in ecommerce software for small to enterprise level businesses.

Thailand Ecommerce Shopify is listed as the best ecommerce software. Shopify was founded in 2006 in Ottawa, Canada and currently has over 6,124 employees registered on Linkedin.

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