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E-commerce statistics in the Kingdom of Saudi Arabia
Important numbers and information about e-commerce in Saudi Arabia 2022
The Kingdom of Saudi Arabia is ranked 25th in the list of the largest e-commerce players around the world, with revenues of $7 billion in 2020, according to the latest statistics. Saudi Arabia is ahead of Thailand in the rankings and is directly behind Belgium And many, many more, results and impressive numbers achieved by e-commerce in Saudi Arabia Which highlights the extent of the spread of the concept of e-commerce in the Kingdom, as well as the spread of the culture of buying Online among Saudis via the Internet from various sales centers as well as e-commerce sites in Saudi Arabia and also the various Saudi e-commerce platforms With the arrival of Internet users to more than 33.58 million users in 2020, it is expected that the e-commerce market will continue to rise and reach advanced ranks in the rankings. This growth achieved by this industry in the Kingdom And this constantly growing market would not have been possible without the great and continuous efforts made by the government of the Kingdom of Saudi Arabia with the aim of supporting the spread of e-commerce and maximizing its investments within all regions and countries of the Kingdom
During this new article on Blog Al Burouj Saudi, we will talk about those efforts to maximize the impact of this industry, and we will review the most prominent statistics and numbers of e-commerce in Saudi Arabia in its recent updates
Let’s start by reviewing the efforts…
“With e-commerce revenues in Saudi Arabia reaching more than 7 billion dollars, the market is still Need for more electronic stores.”
E-commerce numbers and statistics in Saudi Arabia
We have repeatedly emphasized that the Kingdom of Saudi Arabia ranks high among all countries of the Arab world where e-commerce is widespread. The numbers and results evidence that e-commerce has reached there in recent years, the most prominent of which are the following:
occupies the Kingdom of Saudi Arabia, ranked 25th in terms of the largest e-commerce markets – (The World Bank – 2021)
There are currently 28.4 million e-commerce users in Saudi Arabia, and they are expected to reach 34.5 million by 2025. – (statista – 2021)
The average user spends $248 online, which will reach $252 by 2025 – (statista – 2021)
The largest age group for e-commerce users in Saudi Arabia is the group between 45 and 54 years with 31%, followed by the age group ranging from 35 to 44 years with 28% – (statista – 2021)
Total e-commerce revenue across all product categories is $7 billion, expected to reach $8.6 billion by 2025 – (statista – 2021)
Fashion is currently the leading product category, with a market share of $2.28 billion – (statista – 2021)
Electronics and media is the second largest product category, generating $2.24 billion – (statista – 2021)
By 2025, electronics and media will be the leading product category with a value of 2.8 billion USD, fashion will be the second leading product category and should reach 2.7 billion USD – (statista – 2021)
Saudi Arabia ranks 52nd in the World Bank’s ranking of logistics, however, this ranking includes rural areas that are not densely populated – (The World Bank – 2016)
64% of online shoppers made payments online in Saudi Arabia using cash on delivery, and 46% made payments using credit cards. (Statista – 2015)
There were 33.58 million internet users in Saudi Arabia in January 2021 – (datareportal – 2021)
The volume of e-commerce in 2019 amounted to about 33 billion riyals, according to the head of the Entrepreneurship Committee at the Jeddah Chamber
The Kingdom of Saudi Arabia possesses 45% of the volume of e-commerce in the Middle East and the Arab world
These were the most important visions and figures for e-commerce in Saudi Arabia, from which you can start towards starting your own business and making profits
Sources:
-Expand Card Blog
-World Bank website
-Statista website
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