E Commerce In Saudi Arabia Statistics

Some of the factors representing obstacles to the further development of e commerce in saudi arabia include weak logistical infrastructure poor arabic e commerce content and rigid cross border commerce regulations.

E commerce in saudi arabia statistics. E commerce in saudi arabia statistics and trends. E commerce is now a huge economic activity in the kingdom. This study estimated that approximately 8 of the saudi population regularly bought items online 6 used online banking services and 7 made travel reservations on the internet. Revenue is expected to show an annual growth rate cagr 2020 2024 of 7 1 resulting in a projected market.

Saudi arabia is the leading country in the arab world and the middle east after the uae in terms of e commerce volume with saudi arabia accounting for up to 45 of e commerce in the entire middle east. A recent study on media and internet use in various countries in the middle east by northwestern university in qatar demonstrated that while e commerce in saudi arabia was growing slowly it showed great promise for future market expansion. Keep your ecommerce project in saudi arabia under control. Logistical developments set to boost channel s growth in coming years.

Until now the protagonist in saudi arabia s ecommerce growth story has been its wealthy tech savvy population which ranks among the highest in the world in smartphone penetration expected to reach 66 6 by 2022 and social media consumption currently at 59. E commerce in saudi arabia is growing and is estimated to reach 10 864 million usd in 2020 from 5 894 million usd in 2015. According to a ystat report by 2020 saudi arabia is expected to outpace uae as the largest online retail market in the gcc. Check out our infographic e commerce in saudi arabia for latest e commerce statistics and trends.

Reports special revenue in the ecommerce market is projected to reach us 6 311m in 2020. Ecommerce in saudi arabia statistics and trends estimated revenues in year million usd 2014 5 106 2015 5 894 2016 6 816 2017 7 743 2018 8 717 2019 9 784 2020 10 864 e commerce revenue by category in million usd clothes shoes furniture home food cos metics and pharma ceuticals special interest consumer electronics appliances 2015 1591 1805 5 409 8 669 9 1417 8 2016 1893 5 2037 6 472 2 808 1 1604 5 2017 2188 9 2262 7 542 1 952 1797. Firms who would like to meet the most accomplished digital company for their task in ecommerce will now manage to do so thanks to a high quality valuable and free of cost service. E commerce in saudi arabia statistics and trends.

E commerce penetration as age of total retail sales 48 of uae and ksa consumers getting their shopping ideas and inspirations online almost 56 of consumers in the uae ksa and egypt start their online shopping journeys using search engines as opposed to retailers websites. Sortlist during it s existence developed into a master in matchmaking.