E-commerce market projected to generate $7.7bn income in 2022 – Enterprise & Finance

LAHORE: Pakistan’s e-commerce market is projected to generate US$7.666 billion income in 2022. As per the info launched by Statista, a German firm specialising in market and client information, the e-commerce market in Pakistan is rising; income is anticipated to point out an annual development price of 6.09 p.c between 2022 and 2025, leading to a projected market quantity of US$9.1 billion by 2025.

EcommerceDB, a subsidiary firm of Statista, stated that Pakistan was the thirty seventh largest marketplace for e-ecommerce with income of US$6 billion in 2021, putting it forward of Iran. “With a rise of 45 p.c, the Pakistani e-commerce market contributed to the worldwide development price of 29 p.c in 2021,” it added.

Designer garments store topped the net retailer rating for Pakistan in 2021. Information launched by EcommerceDB, Limelight topped the checklist with a web sale of US$50 million, adopted by Gul Ahmed Store with a web sale of US$ 48 million. Khaadi stood at third place with a web sale of US$29 million, adopted by Sana Safinaz and Alkaram Studio, with web gross sales of US$23 million and US$22 million, respectively.

The data know-how consultants imagine that there’s a big potential for the e-commerce to develop in Pakistan. Pakistan is the fifth most populous nation on this planet, with the proportion of youth standing at 64 p.c. Furthermore, the web has penetrated deeply into the center of Pakistan.

As of January 2021, there have been over 61 million web customers in Pakistan, a rise of 11 million customers from the earlier 12 months. “These statistics clearly show that Pakistan is a gold mine that may present an ideal supply of earnings for e-commerce entrepreneurs,” they added.

Copyright Enterprise Recorder, 2022

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