In this day in age, there is hardly any individual living on the urban lands of this country who is not familiar with the term ‘online shopping’. The current trend and frenzy over highlighting online shopping in Pakistan have proven to be bliss for many. The ever-rising inflation has increased competition and made the lives of the masses busier. This said, who has the time and energy to step out of their offices or houses in the scorching heat and dive into crazy traffic when the same results are possible at a single click? Well, this is what online shopping is all about.
Now, there is a whole bunch of orthodox thinkers who take the whole online shopping in Pakistan thing as nothing less than a scam. However, we have done our part of the research, and we can gladly state that online shopping is the latest in-thing here, and it is going to stay right there for quite some time (read indefinitely).
Research shows that with the largest population, Punjab has the highest contribution to e-commerce with 55% online orders, followed by Sindh at 36%. Balochistan, KPK, and Azad Kashmir, cumulatively contribute the remaining 9%.
The Index offers a city-wise perspective on order market share as well, with Karachi contributing 24%, Lahore 17%, and Islamabad and Rawalpindi 10%. Multan is recognized as a growing city for e-commerce alongside Sialkot and Hyderabad.
- Revenue in the eCommerce market is projected to reach US$5,409m in 2021.
- Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 7.55%, resulting in a projected market volume of US$7,236m by 2025.
- The market’s largest segment is Fashion and electronic gadgets with a projected market volume of US$3,893m in 2021.
- User penetration will be 22.8% in 2021 and is expected to hit 26.9% by 2025.
- The average revenue per user (ARPU) is expected to amount to US$105.22.
Following the current trend, a lot of startups have emerged targeting online shoppers. The good news is that these online shops have healthy competition among them, and they strive to serve their customers in the best possible way.
One such startup is ‘Shopin planet’. If you are a tech geek and love to hoard on to everything latest in the tech world, this place is a haven for you. From iPhone silicone cases, airdots, headphones, airpods, Bluetooth headset to Santa Barbara covers, Shopin Planet has it all. Moreover, this amazing online shop has smartwatches from popular brands like Haylou, Samsung, Realme, Chinese watches, Apple watches, Xiaomi, Honor, Huawei, Fitbit, Amazefit, Havit, MI and, Iwatch.
Authenticity and excellent customer service are guaranteed. Not satisfied with your purchase? Shopin Planet offers easy return and exchange terms. Hurry up before they run out of their current stock!