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20 facts you need to know about e-commerce in Southeast Asia

In the ultimate guide to e-commerce statistics of Southeast Asia published last year, we look into key statistics on why Southeast Asia is a hotbed for e-commerce.

People and ethnics in Southeast Asia

In the ultimate guide to e-commerce statistics of Southeast Asia published last year, we look into key statistics on why Southeast Asia is a hotbed for e-commerce.

UBS has recently released an interesting research (reported via FT) that brings us some new perspectives on why Southeast Asia provides so much opportunities for e-commerce, at the same time becoming competitive in key markets.

We break those data-points into 20 facts you shouldn't miss on understanding e-commerce in Southeast Asia.

Internet users & penetration in Southeast Asia

#1. There are close to 620 million population in Southeast Asia, almost half of China and double of US.

#2. Mobile penetration rate in Southeast Asia is 112% (excluding Brunei, Myanmar, East Timor).

#3. Current Internet penetration in Southeast Asia is 32%, which means there are almost 200 million Internet users in Southeast Asia.

Summary of Internet & e-commerce in Southeast Asia

#4. Singapore has the highest % of online population at 74.0%, followed by Malaysia at 62.6% and Thailand at 46.0% (which is similar with China).

#5. Indonesia has the most Facebook users at 65 million, followed by Philippines at 36 million and Thailand at 26 million.

#6. Indonesia has the highest retail sales at US$100.2 billion, followed closely by Malaysia at US$98.2 billion and Thailand at US$94.4 billion.

#7. Total retails sales of US$436 billion in "big 6" Southeast Asia countries is only 11.4% of China and 14.4% of US.

Read also: Vietnam e-commerce overview and market size

#8. Singapore has the highest e-commerce penetration (e-commerce % of retail) at 1.0%, followed by Philippines at 0.3% and Malaysia, Thailand both at 0.2%.

#9. Average e-commerce penetration of "big 6" Southeast Asia countries is only 0.2%, way behind China at 8.0% and US at 8.7%.

#10. Indonesia has the biggest e-commerce growth potential followed by Malaysia and Thailand, if all countries are to achieve 5% or 8% e-commerce penetration rate.

Top e-commerce sites in Southeast Asia

#11. In B2C marketplaces segment, Amazon is the most visited website in Indonesia and Philippines, #2 in Singapore, #3 in Malaysia and #5 in Thailand.

#12. eBay is #1 in Singapore, #2 in Indonesia, Philippines, Malaysia, #3 in Thailand.

#13. Rakuten is #2 in Thailand, #5 in Indonesia, Malaysia and Singapore.

#14. In B2C multi-brand retailers segment, Lazada is the most visited website in Thailand, Indonesia, Philippines, Malaysia.

#15. Zalora is #1 in Singapore, #2 in Philippines and Malaysia, #3 in Indonesia.

Read also: Do Malaysia and Indonesia have enough products listed as compared to major online marketplaces in the world?

#16. In B2C private sales & daily deals segment, Groupon is the most visited website in Singapore, Thailand and Indonesia. Groupon should be leading in Malaysia too as contrary to the chart above.

#17. LivingSocial is #1 in Thailand (Ensogo), #2 in Indonesia, Philippines (Ensogo) and presumably Malaysia.

#18. In C2C marketplaces & classifieds segment, every markets in Southeast Asia are led by different sites as there is no dominant global or regional player in this arena.

#19. Taobao is seeing some traction in Chinese-populated countries with #1 in Singapore and #2 in Malaysia.

#20. Naspers-owned OLX is featured prominently in top 5 of all Southeast Asia markets above.

Bonus: UBS estimates e-commerce conversion rate for Southeast Asia ranges from 0.5% to 1.0%, not far off the global average of 1.2% (US at 3%).

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ecInsider: 20 facts you need to know about e-commerce in Southeast Asia
20 facts you need to know about e-commerce in Southeast Asia
In the ultimate guide to e-commerce statistics of Southeast Asia published last year, we look into key statistics on why Southeast Asia is a hotbed for e-commerce.
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