eCommerce: Market Revenue Growth
eCommerce Revenue Growth in Thailand
How is the eCommerce revenue growth in the Thai market evolving from 2018 to 2026? Explore the fluctuating trends in our data analysis.
Article by Patrick Nowak | June 19, 2024Download
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eCommerce Revenue Growth in Thailand
How Did Thailand's eCommerce Revenue Fluctuate Over the Period of 2018 to 2026?
The eCommerce sector in Thailand has experienced a remarkable growth trajectory over the years 2018 to 2026. The market began with substantial growth rates of 82.4% in 2018 and 45.2% in 2019, setting a strong foundation for future expansion. The year 2020 witnessed an extraordinary surge with a growth rate of 140.0%, showcasing the increasing reliance on online platforms for commerce. This momentum continued into 2021 with a growth rate of 75.0%, although there was a slight dip in 2022 with a growth rate of 4.8%. Despite this minor setback, the market rebounded in 2023 with a growth rate of 10.5%, indicating resilience and adaptability. Looking ahead, forecasts predict a positive outlook for the Thai eCommerce market, with growth rates of 22.9% in 2024, 21.3% in 2025, and 18.6% in 2026. These projections highlight the consistent upward trend and potential for further expansion in the eCommerce landscape of Thailand.
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