{"id":16886,"date":"2022-03-18T21:12:44","date_gmt":"2022-03-18T21:12:44","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=16886"},"modified":"2022-07-23T09:38:38","modified_gmt":"2022-07-23T09:38:38","slug":"uae-e-commerce-grew-28-2-per-cent-from-2020-to-2021-says-report","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2022\/03\/18\/uae-e-commerce-grew-28-2-per-cent-from-2020-to-2021-says-report\/","title":{"rendered":"UAE e-commerce grew 28.2 per cent from 2020 to 2021, says report\u00a0"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-contrast=\"auto\">The UAE\u2019s e-commerce retail market has grown 28.2 per cent from $3.9 billion in 2020 to more than $5 billion in 2021, according to Dubai South\u2019s e-commerce zone EZDubai and market research database Euromonitor International.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The report\u2019s survey of consumers in the UAE showed that more made online purchases in 2021 than in 2020, with 75 per cent being regular online shoppers.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This rise was first seen amid the Covid-19 pandemic, when the market was valued at $3.9 billion in 2020 and accounted for 8 per cent of the country\u2019s overall retail market, a 53 per cent year-on-year increase from 2019.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The growth was probably driven by the digital shift that accelerated during the Covid-19 pandemic in 2020, according to the International Trade Administration.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Also on the rise in the UAE is foreign e-commerce, with consumers seeking lower prices, wider product ranges and higher quality products that are unavailable locally. USA, India and China are the most in-demand markets.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Foreign e-commerce accounted for 23 per cent of the country\u2019s overall e-commerce in 2019, and 26 per cent in 2021. The report estimates foreign purchases will comprise 32 per cent of the e-commerce market by 2025.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The report also projects the country\u2019s e-commerce market will surpass $8 billion by then, thanks to the region having high GDP per capita.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The UAE tops the Middle East\u2019s market with its GDP per capita exceeding $40,000 and internet penetration exceeding 90 per cent.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The report valued the region\u2019s e-commerce market at $31.7 billion in 2021 and estimates it will grow 54.57 per cent to $49 billion in 2025.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The e-commerce rise can be attributed to the retail brands in the region with apps experiencing download surges of up to 70 per cent, according to global management consulting firm Kearney.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">With the digital shift and steep growth of e-commerce in the region, consumers and retailers are increasingly reliant on online sales.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Covid-19 pandemic and UAE digital transformation boosts country&#8217;s online shopping market. <\/p>\n","protected":false},"author":39,"featured_media":17548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,1],"tags":[4030,1646,3988,3966],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/16886"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=16886"}],"version-history":[{"count":4,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/16886\/revisions"}],"predecessor-version":[{"id":17182,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/16886\/revisions\/17182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/17548"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=16886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=16886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=16886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}