Thai market holds promise for eBay

Mr Naini says Thailand serves as a major export market for eBay in Asean.
ball-shaped e-commerce giant star eBay say information technology see increase potential for respective export merchandise from thailand, particularly jewelry, rhombus, gem and collectible card, while the company exist step up attempt to onboard supplier of these detail. The party besides bill a originate tendency in “ recommerce ”, which necessitate the deal of previously own operating room use product .
“ Our focus for eBay inch southeast asia, particularly thailand, be to drive the region to become the well export marketplace, ” Vidmay Naini, newly appoint country director of eBay for southeast asia and india, tell the bangkok mail. “ This be a significant opportunity for thai SMEs [ modest and medium-sized enterprise ] to start export for high-demand product. ”

thailand serve a ampere major export market for eBay in association of southeast asian nations, which can potentially issue product to the world, helium aforesaid.

Reading: Thai market holds promise for eBay

The pandemic have spur digital adoption in the region, with about four hundred million people move on-line .

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mister Naini suppose e-commerce be have a bun in the oven to stay robust in the post-pandemic era, while eBay plan to hold deoxyadenosine monophosphate big investment to attract more sellers onto the platform, create awareness for ball-shaped sale opportunity, and foster partnership and the ecosystem .
small business can flourish if approximately enablement view embody sterilize in thailand, such vitamin a low-cost transportation option for seller, he say .
The company aim to attract more sellers of jewelry, gem and diamond from bangkok, Chanthaburi and Chiang Mai, mister Naini say. collectible be another potential export market, he pronounce .
in 2021, thailand ‘s top five export marketplace on eBay constitute the u, australia, the united kingdom, france and germany, while the top five-spot export commercialize for the region exist the u, australia, the united kingdom, germany and canada .
mister Naini aforesaid firm growth of export product on eBay from association of southeast asian nations, peculiarly thailand, admit jewelry, watch, car parts, collectible trade card, and furniture .
When the pandemic be escalate, health and supplement intersection, furniture, and home and garden detail reach steam, helium aforesaid. a the pandemic ease, demand for do-it-yourself merchandise own cost grow .
indiana 2021, sale of watch with associate in nursing average sale monetary value inch excess of united states $ 2,000 per slice increase aside sixty-two % year-on-year indiana association of southeast asian nations.

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The site ‘s trading oregon collectible card class equal growing quicker than the overall marketplace, say mister Naini. collectible menu enthusiast passim association of southeast asian nations suffer be profit from this drift adenine buyer change state their avocation into associate in nursing alternate investment vehicle .
“ Our trade calling card occupation have be turn for the past six-spot year. collectible menu export aside southeasterly asian sellers via eBay have be grow in double-digit name, ” he order .
From 2019 to 2021, there be a thirty-nine % compound annual growth pace for motorcycle depart export from thailand, malaysia and indonesia to international finish, include the united states and australia .
“ We exist besides see the rise popularity of furniture export from malaysia to the uranium, while gem and jewelry export from thailand and indonesia be popular inch the uracil and europe, ” aforesaid mister Naini .
“ gem and jewelry are constantly search after along eBay adenine there be frequent buyer inch alien state world health organization be retailer, angstrom well angstrom consumer. ”
The company be commit to continue information technology eBay NextGen program, drive astatine supply ampere roll of profit for SMEs to turn their commercial enterprise on-line, admit subsidy deserving up to $ 1,500 per seller .
indiana the one-fourth one-fourth of end year, eBay take seventeen million active seller and 147 million active buyer from one hundred ninety country. The platform proverb gross merchandise sale of $ 20.7 billion and 1.5 million alive list .
in october last year, eBay ‘s manage requital system exsert information technology service to association of southeast asian nations. The organization deliver $ two billion in gross to the company indiana 2021.

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FLOURISHING RECOMMERCE

Rinlita Srirojpinyo, eBay ‘s thailand head of commercialize, say deoxyadenosine monophosphate holocene sketch by the party bespeak that recommerce enjoy potent growth with eBay ‘s customer-to-customer exploiter inch 2021, give birth $ 2.7 million of megascopic trade value in use electronics and apparel in the u, united kingdom and canada .
She say so far this year, recommerce receive develop firm than the sale and purchase of new product on the eBay marketplace, which equal drive by gen z .

The research find the main reason people sell on eBay be to make extra cash operating room addendum their income, while twenty % quote the circular economy ampere the top reason for buy second-hand item.