Insights into the growth of Thai eCommerce
Digital User Insights
There are currently 12.48 million online shoppers in Thailand, who spend $283.95 USD online annually. Four years from now, an expected 14.51 million online shoppers will spend approximately $401.73 USD.
On average, Thai online users spend 4.14 hours a day on mobile and 4.35 hours on desktop.
Total Thai eCommerce revenue across all product categories is 3.54 billion USD, and is expected to grow to 5.83 billion USD by 2022. Electronics & Media is currently the leading product category in Thailand, accounting for 1.41 billion USD market share, followed by Fashion, which generates 703.5 million USD in sales.
By 2022, Electronics & Media will still be the most purchased online category, with an estimated value of 1.87 billion USD, and second favorite, Fashion will have an expected worth of 1.51 billion USD.
In 2016, Thailand was ranked 45th in the World Bank Logistics ranking.
Preferred Online Payments
66% of Thai shoppers like to pay via mobile when shopping online.
Where does Thailand buy from?
China supplies Thailand with $41.9 billion USD in imports – ranging from gold to petroleum. Thailand’s other key import partners are Japan ($29.3 billion), the United States ($11.6 billion), Malaysia ($11 billion) and South Korea ($7.03 billion).
Internet and Device Usage
Internet penetration in Thailand is currently 59.8%, and should reach 70% by 2022. Smartphone penetration is much less (37.1%), but is projected to grow to 42.8% in the next four years.
81% of online shoppers in the Asia Pacific region buy via desktop, compared to smartphone (52%) and tablet (35%) shoppers.
In 2018, an estimated 19.8% of Thai ad spend will spent on digital advertising.
50.99% of people in Thailand are active social network users, thanks to Facebook, YouTube and LINE which are the leading social networks.
For more market insights, check out the eShopWorld series of blogs covering a range of emerging eCommerce markets.