The biggest player in the Saudi Arabian eCommerce Market is namshi.com. The store had a revenue of US$134 million in 2020. It is followed by jarir.com with US$91 million revenue and souq.com with US$79 million revenue.
Store rankings are based on every store that generates revenue in in Saudi Arabia. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in in Saudi Arabia was considered.
One of the fastest-growing stores in the Saudi Arabian market is al-dawaa.com. The store achieved sales of about US$15.1 million in 2020. Its revenue growth amounted to 232% in the previous year.
Digital Market Outlook by Statista
The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
Market expansion in in Saudi Arabia is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 20-24) for the next four years will be 7%. Compared to the year-over-year growth of 28%, this decrease suggests a moderately flooded market. Another indicator of market saturation is the online penetration of 69% in in Saudi Arabia; in other words, 69% of the Saudi Arabian population have bought at least one product online in 2020.
Five categories are considered by ecommerceDB. Fashion is the largest segment in in Saudi Arabia and accounts for 33% of the eCommerce revenue in in Saudi Arabia. This is followed by Electronics & Media with 31%, Food & Personal Care with 21%, Toys, Hobby & DIY with 10% and Furniture & Appliances with the remaining 5%.
In in Saudi Arabia, Aramex is the most frequently offered delivery service provider among online stores. Of those stores that indicating which service they use to transport their goods, 42% cited Aramex as one of their providers. Moreover, DHL and UPS are among the top three shipping service companies offered by online retailers in in Saudi Arabia, at rates of 27% and 15%.
Shipping information is based on orders from the store's main country, which is defined as the one where the store generates most of its online revenue. In this case, it is in Saudi Arabia. Only stores that provide information about their shipping providers can be considered.
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