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S-E Asia e-commerce sales projected to more than double by 2030: DBS report

The Straits Times

|

May 16, 2025

South-east Asia e-commerce sales are projected to more than double by 2030 as large platforms continue to solidify their hold in the region, according to the DBS Nextwave South-east Asia report.

- Megan Wee

S-E Asia e-commerce sales projected to more than double by 2030: DBS report

The report was launched on May 14 in partnership with market data and insights firm Cube.

Cube's data predicts that total e-commerce sales will grow from US$184 billion (S$239 billion) in 2024 to US$410 billion by 2030, which reflects a compound annual growth rate of 14 per cent.

Physical goods are expected to account for about 90 per cent of the sales, with food delivery making up the rest.

"Over the past decade, hundreds of millions of consumers in South-east Asia went online to purchase products and meals for the first time," the DBS report noted.

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