E-commerce in Türkiye
With the development of technology of computers, communications and mobile phones, the Internet has become indispensable and fundamental in our daily lives. Therefore, E-commerce in Türkiye is growing as we will see in this article from Ebla Real Estate.
E-commerce in Türkiye:
E-commerce is a tool to allow users to purchase products or services online. It first entered our lives in 1996 and underwent a major development process until it took its current form.
The e-commerce sector in Türkiye was formed with the establishment of the first e-commerce sites in the nineties of the last century and witnessed a remarkable development with the launch of electronic markets that spread widely in the early twenty-first century.
In light of the great developments witnessed by the e-commerce sector at the global level, the first steps in the world of e-commerce have been started in Türkiye, where many e-commerce sites have emerged that have received great demand and achieved great success in this field.
E-commerce revenue development in Türkiye:
Türkiye is the 18th largest market for eCommerce with a predicted revenue of US$22,983.4 million by 2023. Placing it ahead of Thailand.
Revenue expected to show a compound annual growth rate (CAGR 2023-2027) of 14.5%, resulting in a projected market volume of US$39,441.6 million by 2027. With an expected increase of 40.9% in 2023, the Turkish eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. Like in Türkiye, global eCommerce sales expected to increase over the next years.
Top online stores in Türkiye by net sales 2022:
The biggest player in the Turkish eCommerce market is trendyol.com. The store had a revenue of US$3,727.9 million in 2022. Trendyol followed by hepsiburada.com and lcwaikiki.com as the second- and third-largest stores with US$768.7 million and US$613.2 million, respectively. Altogether, the top three stores account for 46.4% of the top 100 online stores’ revenue in Türkiye.
Importing from Türkiye Online:
The option of importing from Türkiye online is available to all importers in all countries of the world. It is one of the quick options in the global trading system. However, it is necessary to deal with reliable commercial companies and conduct a comprehensive study of the commercial market to verify the quality of products and match them with the prices.
Edited by: Ebla Group Real Estate
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