Insights into the growth of Filipino eCommerce with payment methods, target audiences, marketing, social media, economy and logistics all profiled
Digital User Insights
There are currently 37.75 million eCommerce users in the Philippines, with an additional 18.02 million users expected to be shopping online by 2022. Four years from now, these 45.77 million eCommerce users will spend an average of 48.72 USD online.
Total Filipino eCommerce revenue across all product categories is 1.49 billion USD, and is expected to grow to 2.62 billion USD by 2021. Electronics & Media is currently the leading product category in the Philippines, accounting for 618.6 million USD market share, followed by Toys, Hobby & DIY, which generates 336.5 million USD in sales.
By 2022, Electronics & Media will still be the most purchased online category, with an estimated value of 892.1 million USD, and second favorite, Toys, Hobby & DIY will have an expected worth of 629 million USD.
Where does the Philippines buy from?
China supplies the Philippines with 29.8 billion USD in imports – ranging from cars to petroleum. The Philippines other key import partners are Japan ($10.3 billion), the United States ($8.2 billion), South Korea ($7.28 billion) and Singapore ($6.51 billion).
Internet and Device Usage
Internet penetration in the Philippines is currently 48.8%, and should reach 50.5% by 2022. Smartphone penetration is substantially less (32.2%), but is projected to grow to 40.2% in the next four years.
Monthly, 81.6% of Filipinos use a laptop or desktop computer, 81.4% use a smartphone and 49.3% use tablets.
For more market insights, check out the eShopWorld series of blogs covering a range of emerging eCommerce markets.