Market Research Report
Central Asia and Caucasus B2C E-Commerce Market 2019: Azerbaijan, Georgia, Kazakhstan
|Published by||yStats.com GmbH & Co. KG||Product code||854106|
|Published||Content info||67 Pages/Charts
Delivery time: 1-2 business days
|Central Asia and Caucasus B2C E-Commerce Market 2019: Azerbaijan, Georgia, Kazakhstan|
|Published: May 15, 2019||Content info: 67 Pages/Charts||
Central Asia and Caucasus see rapid growth in B2C E-Commerce over the course of the last year
In the Central Asia and Caucasus region, B2C E-Commerce is still in its early stages. This is exemplified with internet penetration rates below 50% in Tajikistan, Kyrgyz Republic and Turkmenistan. Among more developed markets in the region, access to financial services reaches only over half of the populations of Georgia and Kazakhstan. As internet penetration increases and infrastructure improves in the region, the growth prospects for B2C E-Commerce increase as well.
According to yStats.com's report, Kazakhstan has the best performing B2C E-Commerce market in the Central Asia and Caucasus region. Despite its size in comparison to the rest of the region, there is much room for growth. Private and public investments and helping to continue this growth and the share of B2C E-Commerce in total sales is projected to break three percent by 2021.
B2C E-Commerce is developing rapidly in Azerbaijan. The market size nearly tripled between 2015 and 2017, in regard to yStats.com's report. Having the highest internet penetration rate in the region, Azerbaijan's infrastructure is aiding this E-Commerce boom, boasting internet users of over three-quarters of the population.
Georgia had the highest financial institution account ownership rate among selected countries in Central Asia and Caucasus in 2017, which correlates to E-Commerce infrastructure development. Nearly a third of Georgian internet users used the internet to browse for information on services and goods and a lower share bought goods and services online in 2018, finds yStats.com.
Global Fashion Group S.A., Sulpak-Electronics LLC, Aviata LLP, Kaspi Bank JSC , Air Astana Joint Stock Company, Chocofamily Holding, Shop.az, Tap.az, Ucuztap.az, Adforest.az, Amazon Inc, eBay Inc, AliExpress Ltd, Alibaba Group Holding Ltd, Be.ge