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Sunday, May 5, 2024

Thai E-commerce Market Set to Hit 7 Trillion Baht by 2023 –

According to a recent study by Krungthai Bank, the count of internet users in Thailand has experienced a significant increase of 13.7 million individuals over the previous five years, culminating in a total of 61.2 million internet subscribers.

The usage of social media is increasing, with platforms like Facebook and Line topping the popularity charts.

Key Takeaways

The upcoming years are expected to witness a significant surge in online shopping, with its anticipated worth lying between 634-694 billion baht. The average growth rate is predicted to be around 6% per year. The most popular items include personal and household care products, food, and beverages.

Over a span of 5 years, there has been a rise of approximately 13.7 million Thai internet users, totaling to about 61.2 million people. There has also been a massive increase in social media interaction, with…

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