Lazada sees healthy online retail growth
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Thailand’s online retail market is expected to grow by up to eight times in the coming years, the same pace as China’s.
The proliferation of inexpensive mobile devices and the growing number of internet users will be the main contributors.
Riccardo Basile, chief executive of online shopping mall Lazada Thailand, said the local online retail market excluding food and travel would account for 1 percent to 1.5 percent of the country’s retail market this year.
Questions & Answers
Q.What factors are expected to drive the growth in Thailand's online retail market?
What factors are expected to drive the growth in Thailand's online retail market?
The main contributors to the projected growth are the widespread availability of inexpensive mobile devices and the increasing number of internet users in Thailand. These elements are set to significantly expand online shopping accessibility and participation.
Q.What is the expected growth rate for Thailand's online retail market compared to other major markets?
What is the expected growth rate for Thailand's online retail market compared to other major markets?
Thailand's online retail market is anticipated to grow by up to eight times in the coming years. This growth rate is comparable to the pace observed in China, indicating a significant expansion.
Q.What percentage of Thailand's total retail market is currently accounted for by online retail, excluding food and travel?
What percentage of Thailand's total retail market is currently accounted for by online retail, excluding food and travel?
For this year, the local online retail market, excluding sectors like food and travel, is expected to constitute between 1 percent and 1.5 percent of Thailand's overall retail market. This figure provides a current baseline for its market share.
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