Malaysia Ecommerce Market Size

With internet penetration at 85 7 and mobile penetration over 100 malaysia holds the crown of fastest emerging ecommerce markets across southeast asia. Malaysia s e commerce market goes from strength to strength. Driven by a relatively high internet penetration rate the e commerce market in malaysia is going from strength to strength and is forecast to grow at a compound annual growth rate of 24 percent a year.

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Ecommerce In Malaysia In 2019 Datareportal Global Digital Insights

This statistic shows the e commerce market value in malaysia from 2014 to 2015 with a forecast from 2016 to 2020.

Malaysia ecommerce market size. B2b ecommerce experienced high growth in the past 5 years with the malaysia market expected to grow to usd 3 4 billion by 2020. Controlled by alibaba since 2016 the first general e commerce website in malaysia lazada is also trailblazing e commerce in southeast asia. Malaysia s online consumer goods category was worth a total of us 3 1 billion in 2018 accounting for 51 percent of total ecommerce. Well established as one of the most dynamic digital ecosystems in.

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 2015 usd sales growth compared to 2010 ecommerce sales sales growth online buyer penetration 1. Insights from lazada leader of e commerce in malaysia. With its dynamic economy and developed infrastructures for digital technologies malaysia is a very attractive market for e commerce in southeast asia. Data from statista s digital market outlook survey shows that malaysians spent more than us 6 billion online in 2018 with purchases of consumer goods already outweighing spend on travel.

Revenue in the ecommerce market is projected to reach us 4 455m in 2020. Several websites and digital applications are already present in the malaysian e commerce landscape with some global regional and national players grabbing their shares. B2b ecommerce is one of the fastest growing sectors for small and medium size enterprises smes. Includes germany france u k italy and spain 3.

Retail value rsp excluding sales tax 2. The ecommerce market encompasses the sale of physical goods via a digital channel to a private end user b2c. With products ranging across many categories lazada is both pulling the market and benefiting from its expansion. What is the ecommerce market size of malaysia.

Citing a report from e conomy southeast asia. 1 overall economic growth in the country is broadly positive but the combination of slowing external demand and easing fixed. Cyberjaya nov 14 malaysia s e commerce market is forecast to reach us 11 billion us 1 rm4 15 in 2025 an estimated increase of 24 per cent annually said the communications and multimedia ministry kkmm secretary general datuk suriani ahmad.