We are the leading Asia e-commerce logistics expert, dedicated to delivering seamless services across the region. Our extensive network covers all countries in Asia with setting up our local last mile team. With a deep understanding of the unique dynamics of each country, we unlock the vast potential of Asia’s biggest consumer markets. Trust us to be your trusted logistics partner in navigating the complex and rapidly expanding Asian e-commerce landscape.
As the largest manufacturing and exporting nation, China boasts a robust logistics infrastructure. It holds the title of the world’s largest e-commerce market, accounting for nearly 50 percent of global transactions. With its continued expansion, the opportunities for e-commerce growth in China are immense.
According to Statista, revenue in the e-commerce market is projected to reach US$7.6 billion representing an annual growth rate of 10.5 percent. Compared to other Asian cities, Hong Kong is considered an early e-commerce adopter. With high internet connectivity, Hong Kong people live in densely-populated urban areas with strong connectivity, making it an ideal environment for e-commerce to thrive.
The e-commerce industry in Macau offers a variety of platforms, including local stars like Macau.com and MacauStore, as well as global giants like Amazon, eBay, and Alibaba’s Taobao. Additionally, its proximity to mainland China enables residents and tourists to easily in cross-border e-commerce through platforms like Taobao, Tmall, and JD.com. Macau’s well-developed infrastructure ensures efficient logistics and delivery systems, with reliable courier services operating locally and internationally.
During the festive season of 2021, Indian e-commerce platforms generated a whopping US$ 9.2 billion gross GMV (Gross Merchandise Value) in sales. Between 2021 and 2025, e-commerce sales is expected to reach Rs 8.8 trillion (US$120.1 billion) at a CAGR of 18.2%. Retail penetration online is expected to reach 10.7% by 2024, up from 4.7% in 2019. This makes India one of the most exciting e-commerce markets to look out for.
The Philippines has emerged as the 28th largest market for e-commerce, with a predicted revenue of $12,273.7 million by 2023, surpassing even Saudi Arabia. The growing consumer base and increasing internet penetration present significant opportunities for businesses to capitalize on the e-commerce boom in the country.
Ranks as the third biggest market in the global e-commerce sector, anticipated to generate around US$154 billion in revenue by 2023, surpassing the United Kingdom. The revenue in this sector is forecast to grow at a compound annual rate of 9.8% between 2023 and 2027, leading to an estimated market size of US$223.5 billion by 2027. Despite its small size, Japan is yet another Asia market e-retailers should look to in their international expansion strategy.
Online purchases from foreign e-commerce reached $4.7 billion in 2022, up from $4.5 billion in 2021, with 33.6 percent of purchases originating from the United States. The United States was ranked number two after China in 2022. Over the years, Korean consumers have been diversifying their shopping habits by buying more varieties of products from more than 30 countries. Once again, this is another Asian country that has tremendous potential.
The e-commerce market in Taiwan is expected to grow by 8.04% annually to reach US$19.6 billion in 2023. The medium to long term growth of the e-commerce industry in Taiwan promises to be attractive in the coming years, growing steadily over the forecast period, recording a CAGR of 6.66% during 2023-2027.
Thailand is the 19th largest market for e-commerce with a predicted revenue of US$22,416.7 million by 2023, placing it ahead of Argentina.
Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 5.5%, resulting in a projected market volume of US$27,800.6 million by 2027. With an expected increase of 1.8% in 2023, the Thai e-commerce market contributed to the worldwide growth rate of 8.7% in 2023.
The number of users in the e-commerce market in Malaysia was forecast to continuously increase between 2023 and 2028 by in 6.5 million users (+48.65 percent), forecasted to reach an estimated 19.88 million users by 2028.
The e-commerce market in Malaysia is expected to grow by 12.55% annually to reach US$13.3 billion in 2023 The industry is expected to grow steadily over the forecast period, recording a CAGR of 10.27% during 2023-2027, with a gross merchandise value increasing from US$11.8 billion in 2022 to reach US$19.7 billion by 2027.
Renowned as a global logistics hub, Singapore leverages its strategic location and world-class infrastructure to serve as a major transshipment hub. It provides an excellent environment for e-commerce businesses to thrive, making it an attractive destination for companies looking to expand their online presence.
The e-commerce industry continues to grow exponentially as internet access becomes more readily available in all corners of the world. Many e-commerce market players are expanding their business in Indonesia to leverage the growing demand for online retailing. The Indonesia e-commerce Market size is expected to grow from USD 52.93 billion in 2023 to USD 86.81 billion by 2028, at a CAGR of 10.40% during the forecast period (2023-2028).
With Australians spending a record $353 billion on retail goods in 2022, 9.2% more than in 2021, one thing is clear: the ecommerce landscape in Australia is evolving and reaching new heights in 2023. The country’s e-commerce market revenue is expected to reach US$37.65bn in 2023.
