The data is based on Statista's Global Consumer Survey. Experts predict that retail ecommerce sales will reach $4.13 trillion in 2020. View More. The “User” box shows the number of active paying customers (or accounts) of the selected market (market segment, region) in millions for each year. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020 (down from 20.2% last year). A global company in its true sense. Singapore: Revenue in the eCommerce market is projected to reach US$2,405m in 2020. Sometimes referred to as borderless business or cross border commerce among other things, global e-commerce is critically important for any business looking to expand in 2020 and beyond. The GDP (Gross domestic product) grew only 0.7 percent in 2019, which is the lowest rate since 2009. Middle-Class Consumers: Leading The Way For E-commerce Growth. Get the latest trends and understand the impact of the crisis on the market. The GDP (Gross domestic product) grew only 0.7 percent in 2019, which is the lowest rate since 2009. Singaporeans are some of the most active online shoppers in the world, thanks to a burgeoning e-commerce market and rapidly changing e-commerce trends in Singapore. Check out our infographic “E-commerce in Singapore” for latest statistics and trends about E-commerce industry in Singapore. Resources PDF (738KB) Reference eBook of Statistics. The annual sales value of Singapore’s consumer e-commerce market totals $4.11 billion with a growth rate of 35% YoY. The colours, layout and overall design are strong and cohesive. Alibaba Group Holding Limited is a China-based company with several subsidiaries worldwide. +32.4% Moreover, you now know the 12 China e commerce trends to follow in 2020. The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. ", Varuna MehtaDigital Marketing Manager GSA Group, "Our requirements were pretty complex as the automation process we had in mind was never implemented before. The Users by age box shows the age distribution of users of the selected market (market segment, region) in age groups. music downloads, eBooks), Digitally distributed services (e.g. Antalya - The Users by income box shows the income distribution of users of the selected market (market segment, region) in tertiles. ", "We are working with GO-Gulf for about 4 years now and have found them to be fair, transparent, responsive and helpful always. in the eCommerce market Demographics 1. Technology leaders like Sephora, IKEA, or Amazon are already using these technologies. Reports by WorldPay say: “The e-commerce market in Singapore is set for huge growth as it is expected to expand by 48% to $9.98b (US$7.4b) by 2022”. Sale of physical goods via a digital channel to a private end user (B2C), Purchases via desktop computer (including notebooks) and purchases via mobile devices (e.g. Resources PDF (738KB) Reference eBook of Statistics. You can easily find dozens of e-commerce websites and platforms operating in Singapore. With these figures Singapore stays one of the most attractive eCommerce markets in Asia. However, while it is important, navigating the nuances of cross border e-commerce can be complicated given that there are a lot of moving parts. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for alcoholic beverages, tobacco and narcotics (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). 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