Development of e-commerce and reorientation

E-commerce Growth

E-commerce in the Eurasian region demonstrates explosive growth with an average annual rate of 25%. Increasing penetration into underdeveloped territories and market segments. Having taken leading positions in domestic markets, large companies are seeking to scale up their developments in the field of creating logistics networks to neighboring countries. However, this is state in the new analytical report “Infrastructure of Eurasia: short-term and medium-term trends”. Prepared by analysts of the Eurasian Development Bank (EDB), writes “Prime Press”.

As the authors of the report note, by 2028, an annual growth of online trade in the region is expected by 12% with a total number of users of 91.4 million people. EDB experts predict an increase in e-commerce volumes in Belarus by 16.1% to $1.1 billion by the end of 2023. At the same time, the share of e-commerce by the end of 2023 may amount to 6% of the total retail turnover.

E-commerce

Online Retailers

The main online retailers in the region are Alibaba (China), Wildberries, Ozon (both Russia), Kaspi (Kazakhstan), Uzum (Uzbekistan), Svetofor (Kyrgyzstan). In Russia and Belarus, Wildberries and Ozon occupy a dominant position, accounting for over 40% of the total online sales. Nevertheless, the accelerated growth of the market share of marketplaces in the market. Due to increased efficiency of logistics processes had a significant impact on the dynamics of the e-commerce and delivery market for online trade in 2023. Ask for help in ecommerce website design company near me.

According to EDB analysts, the Eurasian region has the potential to grow the share of e-commerce to the global and regional averages. For example, online trade in the CIS countries is expect to grow by 11.7% annually by 2028. With a total of 91.4 million users making purchases worth $62.8 billion.

Development of E-commerce

This ecommerce website design company dubai development of e-commerce and the reorientation of logistics are stimulating the growth of demand for warehouse infrastructure. Instead, under the influence of Western sanctions, the region’s warehouse market has faced significant changes. The approach to logistics as a whole is changing: demand for warehouses in the western regions of Russia. It has decreased and has increased significantly in the east and in neighboring Central Asian countries. Belarus is also seeing a reorientation of transport routes and logistics centers from the western to the eastern direction.

The increased demand for warehouse space in the CIS countries has led to a serious shortage. There is almost no free space left in Kazakhstan, Georgia, Armenia, Kyrgyzstan and Tajikistan. In Kazakhstan, in particular, in 2023 their share reached a record low of 1%, in Belarus only 2.8% of 1.6 million square meters of finished facilities are available, in Uzbekistan – 4.5% of 207 thousand square meters. Companies are constantly looking for new warehouses to speed up delivery in Belarus, Kazakhstan, Uzbekistan and other countries. However, they rent and build logistics and sorting complexes in Belarus, Kazakhstan and Uzbekistan. Ecommerce web development dubai can do more than your expectation.

In Belarus, with the participation of the EDB. A large logistics center “Prilesye-Logistics” was built – a class “A” complex covering 97 hectares. In fact, including ready-made warehouse, administrative, engineering and transport structures.