With the continuous development of Internet technology, e-commerce has become an important part of global economic development. As an important business center and gateway to Asia, Singapore’s e-commerce market is also developing rapidly. So, what is good to sell in the Singapore e-commerce market? Which products have the greatest sales potential?
1. The consumer electronics and media industry will be valued at US$1.9 billion in 2020, a year-on-year increase of 24.5%, which shows that Singaporeans like electronic products;
2. Revenue in the fashion and beauty fields reached US$326 million in 2020, an increase of 9.9% over the previous year;
3. Products in the toys, DIY and beauty fields reached US$219 million this year, A year-on-year increase of 7.8%;
4. The online food and personal care industries are relatively small areas in the Singapore e-commerce market. The annual revenue growth rate of these two industries is the fastest. Fast. Specifically, the annual revenue of these two industries increased by 47% compared with the previous year, which is a very high growth rate. This shows that the online food and personal care industry has great potential in the Singapore e-commerce market, especially in the context of consumers’ increasing concern about health and personal care issues. The development prospects of these two industries are even brighter.
Products that sell well in Singapore’s e-commerce market, such as 3C digital products, women’s clothing, skin care and beauty products, and maternal and infant products, will be more popular, but the specific products you sell need to be based on your own circumstances. Consider it. In addition to e-commerce platforms such as Qoo10 and Zalora selling this product category, Singapore also has many Brand.coms and omni-channel retail stores, which provide operators with more choices.
The above is the content of what is good to sell in Singapore’s e-commerce market. Singapore’s e-commerce market has great development potential, and the sales of various products in the market are also constantly changing. For operators who want to enter the Singapore e-commerce market, they need to conduct an in-depth understanding and analysis of the market, choose products suitable for their own operations, and focus on improving product quality and service levels in order to succeed in the fierce market competition.