- Revenue in the eCommerce market is projected to reach USD $222m in 2021.
- Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 9.0%,
resulting in a projected market volume of US$313m by 2025.
- The market’s largest segment is Fashion with a projected market volume of US$77m in 2021.
On Tuesday, 12 January 2021, the British Chamber of Commerce in Cambodia hosted a webinar on eCommerce Outlook in Cambodia 2021.
The webinar guests included Nearirath Sreng from DFDL Cambodia, Chris Wray from Digital Rain Phnom Penh, and Christopher McCarthy from Mango Tango Asia.
Christopher McCarthy from Mango Tango Asia suggested that Cambodia remains an attractive location from which to do business citing the ease of business registrations, the fact foreigners can wholly own a business in the Kingdom, and its central location in ASEAN.
He added that between 2030-2040, ASEAN annual consumer spending is expected to increase from USD $2 to $4 trillion. This figure is being driven by an expected 140 million new middle-class consumers in SEA (Southeast Asia).
