UAE Business: UAE e-commerce market value tops $5 billion in 2021 – Gulf Digital News

UAE Business: UAE e-commerce market value tops $5 billion in 2021 – Gulf Digital News

The e-commerce market value in the UAE reached just over $5 billion in 2021 and is anticipated to surpass $8 billion by 2025, according to a report by EZDubai, an e-commerce zone in Dubai South and Euromonitor International, a top provider for global business intelligence.



More consumers in the UAE made online purchases across all categories during 2021 compared to 2020, with an average 75% of respondents typically purchasing online, reported Emirates News Agency WAM, citing the report.



The fastest-growing sectors by industry from 2021 – 2025 will be homewares & home furnishings, food & beverage, and media products.



Countries in the Middle East are in a strong position to enable further e-commerce development thanks to high GDP per capita and internet penetration.  The UAE and Qatar are in the strongest position, with GDP per capita above $40,000 and internet penetration above 90%. Both countries have successfully implemented fiber access in homes and have the highest active mobile-broadband subscriptions in the region.



E-commerce in the Mena region is fast catching up with global powerhouses, such as China, with many online retailers scaling up services during Covid-19; by 2021, the total market size was estimated