This year’s e-commerce sales market in Qatar is going to grow by 10.6 per cent as the revenue is expected to reach QR13.69 billion ($3.76 billion) in Qatar, according to a new Statista report.
The increasing number of activities reported for online sales and products in the region indicates a strong sign of marked growth in the e-commerce segment.
The report stated the market is stable with rising goods purchased online across the country and is resulting in a projected market volume of QR20.39 billion ($5.60 billion) within the next four years.
Moreover, it noted that “In the e-commerce market, the number of users is expected to amount to 2.5 million users by 2027.”
Qatar’s online sales sector is steadily growing with more individuals choosing to purchase products with speed and convenience,
A report by Qatar Chamber said: “Currently, Qatar ranks seventh in e-commerce among the business-to-consumer sector in terms of the volume of transactions in the Middle East and North Africa, with huge expectations for the continuation of this increase, as the volume of online shopping, is estimated at $25 trillion in sales globally in 2018, with the number of e-shoppers reaching 1.66 billion worldwide, including nearly nine per cent of the international retail market.”
The report also highlights the augmentation of the online purchasing industry post-lockdown and other negative factors that impacted the market.
In addition, Statista notes that “user penetration will be 83.4 per cent in 2023 and is expected to hit 89 per cent by 2027.”
Three months ago, the Fifa World Cup in Qatar 2022 was estimated to bring a peak gross merchandise value of $8.4 billion for online retail, compared to $6.5 billion in 2021, according to a report by consulting firm RedSeer.
