Why you should consider Amazon Saudi Arabia?
I am sure you all have a news about Amazon Saudi Arabia. Before, you can decide whether you should consider Amazon Saudi Arabia marketplace, let me share some trends, facts and figures with you all.
Country Profile:
· Saudi Arabia is one of the most populous and wealthiest countries in the Middle East
· Population: 33 million (3.5 times bigger than UAE)
· Youth Population Approx.50% of population is Youth (under 25 years)
· GDP Per Capita: $23,570 (15 times higher than Pakistan)
· Taxation: Saudi Arabia is amongst the countries with the lowest level of taxation (5% VAT); as a matter of fact, there is no individual income tax scheme in the country
· New trends: women driving, visa relaxations for visitors & businesses, entertainment (movies/theaters)
· Consumer Behavior: Consumerism is on the rise. Fashion, gaming and entertainment categories will continue to see growth in demand
eCommerce Market Size & Outlook:
· E-commerce market size is 7.5 Billion USD (vs 6.6 Billion USD in 2017)
· Saudi Arabia is booming in terms of e-commerce and is the number one market in the MENA region in terms of growth and size
· 50% + of population shop online (vs 37% in 2016)
· Customer Age profile: In the year 2019 a share of 32% of users is 35-44 years old.
Top direct competitors of Amazon in Ecommerce Space:
· Souq.com (owned by Amazon). I guess, Amazon may replace Souq with just Amazon.sa
· Noon.com
· AliExpress.com
· Jollychic.com
· Jarir.com (Stationary & electronics)
· Extrastores.com
· Mumzworld (mother & child segment)
What's next: Due to unavailability of Product hunting tools for KSA, I will be sharing some insights, tips and techniques on finding relevant products to start selling through Amazon Saudi Arabia. Stay tuned!
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