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Sample - Oman Ecommerce Market (2020-2025) - Mordor Intelligence
Sample - Oman Ecommerce Market (2020-2025) - Mordor Intelligence
Sample - Oman Ecommerce Market (2020-2025) - Mordor Intelligence
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9. APPENDIX
◼ The base currency considered was the US Dollar (USD). Conversion of other ◼ E-commerce refers to the retailing of goods and services from the internet.
currencies to USD was considered on the basis of the average exchange rate ◼ The e-commerce market of Oman is studied while considering various
for the respective review-period years. The exchange rate conversion for
ecommerce business and products sold through e-retailing in the market.
forecast period was determined according to the base year’s conversion rates.
◼ The base year was identified based on the availability of annual reports and
secondary information. The base year considered for this study is 2019.
◼ The review period considered for this study is from 2016 to 2019. The CAGR
considered is for the forecast period of 2020-2025.
BY CATEGORY BY TYPE
◼ Electronics and Appliances ◼ B2B Commerce
◼ Other Categories
■ Mordor Intelligence (MI) advocates an appropriate mix of secondary and primary research to meet the clients’ objectives.
■ MI translates market insights (market dynamics, competition, varying consumer demands, and regulations) into actionable business insights.
■ The following phases are practiced at Mordor for efficient delivery of various syndicated and consulting assignments:
Finalize report contents and establish Report delivery with high quality market insights, competitive landscape, etc.,
a deliverable format as per the proposed content
• Financial Journals
• Annual Reports
• Market Research Reports 1. Secondary Data
Analysis
• Industry Websites
• Industry-related Databases
• Thought Leader Briefings Define Objective and Scope
2. Analyze and
Collate Suppliers, OEMs, Platform Suppliers,
Secondary Research Research Process
Different and Customers’ Perspective
Perspectives
Identify and Assess Top Companies and their
Primary Research Best Practices
3. Interview
• CEOs/CFOs Participants
• Board Members ✓ Outcome – Top-performing Companies,
• Research Heads based on Revenue Generated
• Strategic Decision-makers ✓ Overall Understanding of the Market,
Industry Experts, Consultants, Industry Trends, and Events
• Financial Advisors
Plant Managers, Strategists,
• Investors
etc.
Company Annual Reports Solution Vendors Industry Experts Compilation of Insights from
Data and Forecast into One
Journals System Integrators Consultants
Report
Government Publications Government Certification Subject-matter Experts
Agencies
In-house Experts
E-COMMERCE MARKET ◼ The e-commerce market in Oman (henceforth, referred to as the market
Revenue in USD billion, Oman, 2016-2025
studied) was valued at USD XX billion in 2019 and is expected to reach USD
XX billion by 2025, registering a CAGR of XX%, over the forecast period,
XX%
2019-2025.
CAGR
4.2.1 Drivers
4.2.2 Restraints
4.3 Market Opportunities
4.4 Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Technology Innovations in the Industry
4.7 Impacts of COVID-19 on the Market
4.8 Insights on Demographics and Buying
Patterns among Consumers in Oman
SAMPLE FIGURE
SAMPLE FIGURE
E-COMMERCE IN OMAN
Approximately 25% of Oman’s population shops for products through foreign e-commerce channels; the growth in the domestic business through the market
is amazing. The rising internet spending in Oman is projected to increase the market share during the forecast period.
The growth in the e-commerce market is immense, owing to increasing internet usage, subscriptions. According to experts, Omanis spend an average of 6
hours on social media platforms.
At present less than 20% of the retailers have an online presence in the country. More than 90% of the products are shipped from abroad, highlighting
increase potential for the local retailers to increase their presence in the market.
Market Consolidation Trends - the Middle East and Oman have various opportunities for companies in the market. However, the market is moving toward
consolidation in the region’s e-commerce sector. The trend has been set by Amazon’s acquisition of the Souq.com and has a pan-GCC presence in the market.
Regional players are also intensifying the competition for global players such as Saudi Based Noon.com launched the technology and acquired UAE’s based
JadoPado.com who is giving a tough fight to players, such as Amazon.
Regional players also realize the importance of e-commerce trends in Oman and the country’s emerging opportunities for industries such as supply chain
management, logistics, and warehousing.
The fields of AI, web design, creative programming and digital marketing, cataloging, and app development are some of the new opportunities for Omani
youths in the market.
E-COMMERCE IN OMAN
There is growth in internet penetration in the Middle Eastern and GCC countries. A rise in internet penetration, of around 40%, is expected in the current year.
There are 4.66 million internet users in Oman in January 2020, and the penetration of the internet is around 92 % in the country. There is an increase in the use
of smartphones. Moreover, mobile broadband penetration in the market and the country’s 4G coverage are also reaching average levels.
However, people in Oman preferring to buy products such as tickets, apparel, beauty & personal care, airline tickets, using their smartphones and online
websites. E-commerce is likely to produce increased opportunities and profits for more firms in the market, as it provides ease in trading than the traditional
methods.
Small and medium enterprises are increasingly working to promote the usage of social media in the market. On average, Omanis spend 6hours daily on social
media. Through social media, it can see the emergence of a new and strong e-commerce customer base. The sale of merchandise is increasing through the
channel, and it is emerging as an effective marketing tool for various players and vendors in the market.
The e-commerce market is playing a vital role in the market, as more and more players see online shopping platforms as a solution to grow their businesses.
Cross border e-shopping in Oman of products such as exports of clothes, air-tickets, airlines, beauty care, and hotel services mainly takes place from China.
Websites, such as eBay, Aliexpress, Namshi are Investeasy, and Bayan, are among the favorite online shopping destinations for Omanis.
E-COMMERCE IN OMAN
Total population Mobile Phone Users Internet Users Social media users
M-commerce is the mode of transactions conducted via mobile devices. Mobile devices are at the present time are
becoming a center of numerous technologies and various submissions that are created for customers as well as
companies across the globe.
Oman is putting great efforts in building its national infrastructure, including both public and private infrastructure.
M-commerce services are rising increasingly with the growth of mobile devices, technologies, and networks.
The smartphone usage and penetration in Oman are closed to 100%, mobile broadband connection is also close to
full in the country. The 4G level is also to an average level when compared globally. All these factors are making
Oman’s m-commerce more favorable to businesses operating through e-commerce.
According to National Centre of Statistical Information (NCSI), the number of mobile subscribers has crossed 7
million by the end of 2017 and had a penetration rate of more than 150%. Popular search engines in Oman With
maximum online researches are Google (97.2%), Bing (1.6%), and Yahoo (0.9%).
The ministry of e-commerce in Oman is also working towards increasing the reliability of transactions for customers
in the market while safeguarding the rights of Omani customers. Many business organizations can help achieve
efficiency using m-commerce to increase the reach of their products and services.
SAMPLE FIGURE
Apr '19 May '19 Jun '19 Jul '19 Aug '19 Sep '19 Oct '19 Nov ''19 Dec '19 Jan '20 Feb '20 Mar '20 Apr '20
Series 1
◼ Oman is relatively small; it has enormous potential in e-commerce due to its strategic location. It can be an ideal cross border
center for e-commerce from many countries, as it is also the first entry point to the Arabian sea on shipping from Asia.
◼ The volume of e-commerce in the world is XX trillion dollars in 2020. As for the volume of e-commerce in Oman, it amounts to
XX million Omani riyal.
◼ Omarto.com, online shopping has been launched in the Oman e-commerce market in January 2020. the business is promoted
by United Media Services (UMS) LLC, one of the leading and diversified business groups in the Sultanate of Oman.
◼ Omarto.com is launching in collaboration with leading companies as well as small and medium enterprises. It will bring the
widest range of products on the online platform. Many popular brands and quality products from categories including mobile
phones & accessories, electronics, gaming accessories, home & kitchen appliances, apparel & fashion accessories, health,
beauty, gift items, books, and magazines, etc., are available at attractive prices to the buyers.
◼ To tap the e-commerce market and to expand the scope of buying and selling more easily without limits of time and place, it is
important that e-commerce websites in Oman provide quality products or services, ensure data payment and personal
information security.
◼ Challenges include a small number of shipping and delivery companies in the market and reluctance of consumers to buy from
online stores, and also insecurity regarding buying and selling of goods online.
Low
Low
Market Restraints
Impact
4.2.1 DRIVERS
Information Technology Authority (ITA) of Oman is promoting the growth of Ecommerce in the market using
digital society and e-government services.
Rise in e commerce for government services such as registration of business, clearance of imported goods
and transaction of utility bills traffic fines etc. are conducting online.
Due to the use of electronic transactions via Oman government National epayment has nearly doubled in
year 2017. According to ITA national epayment gateway 1.9 million transactions are made via this portal an
increase od 1.1 million a year.
E commerce platforms by consumers in Oman are mostly used for shopping products such as clothes, airline
services, personal care and cosmetic products along with reservations for hotels.
Various E-commerce programs such as digital marketing, e-business documentation and app and web
services are actively being promoted by Oman’s higher education sector to fill the skill shortage in the
market which is going to positively impact the market.
There is lot of scope for ecommerce market due to growth in Oman rising population, young and tech savvy
entrepreneurs.
4.2.1 DRIVERS
GOVERNMENT INITIATIVES FOR E-COMMERCE
◼ One of the government initiative include Invest easy, an online portal of the government in the Oman that provides e-service to companies to set up and manage
companies in Oman. The government has been able to develop business environment using the same.
◼ The portal enables business to mange their applications and interactions with the government, and it is a comprehensive suite of e-services designed for businesses.
◼ Business can register themselves starting from establishing a new company, licensing activities and submitting the yearly annual reports. At present time, the
platforms also provides specialized consulting services for small and medium enterprises that are affected by the Corona pandemic.
◼ Thawani Technologies helped Oman Post to activate electronic payment system for customers in the market. Platform will offer its value, quality and relevance for the
future of eCommerce and logistics sectors. The company has enabled face ID and fingerprint authentical for mobile apps.
◼ The impacts of COVID-19 led to increase in sales of many ecommerce retailers as as people stay in their
homes and do not go out to regular stores or because of the closure of those store. Sales for many retailers
such as from the food and beverage category were good in the months of April and March
◼ The government in Oman took various benefits that to support the growth of the market and the effort also
lies to reduce the number of people infected with the virus. “Shop from home” was initiative led by Omani
Ministry of Trade and Industry in cooperation with the Public Authority for Small and Medium Enterprises
Development. The program was launched in collaboration with Raffd Fund.
◼ In the Sultanate to deal with developments resulting from the spread of the Coronavirus (Covid 19). Oman’s
Ministry of Commerce and Industry in the Sultanate of Oman has also urged propel to opt for e-commerce
in many fields, including shopping and import. This will lead in stimulating the movement of internal and
external trade to more e-commerce and direct import playing a great role and encouraging trade exchange
◼ The movement in the country is also encouraging many people to use electronic applications to buy goods
from restaurants, cafes, and avoid crowding in place. Omanis companies are also thus offering order delivery
through their electronic applications.
◼ Many Retailers in the market are renewing their internet portals due to surging demand from ecommerce
which can lead to growth of new customer base in the country.
Complete analysis will be provided in the report
27 SAMPLE – OMAN ECOMMERCE MARKET
5. MARKET
SEGMENTATION
5.1 By Category
5.1 BY CATEGORY
E-COMMERCE MARKET
Revenue in USD billion, by Category ,Oman, 2016-2025 E-COMMERCE MARKET
Revenue (%,), by Category, Oman , 2019
Type 2016 2017 2018 2019 2020 2025 CAGR %(2019-2025)
SAMPLE FIGURE
Cosmetics and Personal Care XX XX XX XX XX XX XX
◼ The cosmetic and personal care segment (henceforth, referred to as the market
E-COMMERCE MARKET
Revenue in USD billion, Cosmetics and Personal Care, Oman, 2016-2025 studied) was valued at USD XX billion in 2019, and it is expected to reach USD
XX billion, by 2025, registering a CAGR of XX%, over the forecast period, 2020-
XX% 2025 (henceforth, referred to as the forecast period).
CAGR
◼ The sales of the cosmetic industry through e-commerce is increasing, and the
market is less affected by the pandemic. Many consumers switched from
traditional channels to online channels to buy products.
◼ Maintaining customer loyalty with online channels is still challenging for the
market. However, the growing influence of social media and celebrities is
promoting cosmetics brands in the cosmetics industry in Oman.
◼ Cosmetic and personal care products are one of the fastest growing segments in the Oman Ecommerce
market. The value of the beauty and personal care products is witnessing a growing trend in the GCC market
and Oman. The Middle Eastern cosmetics market overtook the South American region in 2015-16, and the
region is growing at a greater growth rate than the overall market.
◼ As cosmetics are considered consumer staples, they are in demand by every segment of the society
including inhabitants of Oman. Some of the Middle Eastern countries, including Oman, are the key source of
materials, such as oil chamomile, species, and rose geranium species.
◼ Consumers use cosmetics to enhance the appearance of their bodies or remove the odor of their bodies. A
recent trend is that consumers are shifting toward natural products, which are good for the skin and provide
good results.
◼ The demand for cosmetics is rising in the market due to the increase in consumption by common people
and celebrities. Luxury products are increasingly used by the people in Oman due to growing concerns
about the appropriate quality of the products.
◼ However, people in Oman prefer to buy cosmetics and beauty care products using their smartphones and
online websites. E-commerce is likely to produce increased opportunity and profits for more firms in the
cosmetics market, as it provides ease in trading than the traditional methods.
Complete analysis will be provided in the report
◼ During summers, sun care mass and premium products that provide sun protection, including lotions,
sprays or gels, and other products that absorb or reflect ultraviolet radiations, are popular in Oman.
◼ Skincare is one of the fastest growing categories in Oman, and the growth is intensifying the brands
also. The changing views of people on brands while looking for better ingredients, sustainability,
diversity, and inclusivity are constantly changing the market trends.
◼ Hair loss is a common problem across the people in Oman. People look for hair treatments and solutions
that can revitalize their hair and prevent them from falling. Such problems are adding to the growth of
haircare products in the beauty and personal care segment of the market.
◼ Small and medium enterprises are increasingly working to promote the usage of social media in the
market. The sale of merchandise, including beauty care and skincare products, is increasing through the
channel, and it is emerging as effective marketing tool for various players and vendors in the market.
◼ The e-commerce market is playing a vital role in the market, as more and mor players are seeing online
shopping platforms as a solution to grow their businesses.
◼ Premium products that are used at salons in the market include Estee Lauder, and Dolce Gabbana, Charlotte
Tilbury, Mac, Fenty Beauty, and Kylie Cosmetics.
◼ Social media is increasingly favoring the trend, and many celebrity and role model influencers are becoming
beauty and grooming personalities by sharing their experience, endorsing the products, and encouraging
people to look after their appearances.
◼ Companies are adopting the multichannel strategy to deal with all kinds of consumers in the market. For
instance, Origo Integrated Project, based in Muscat, Oman, is a renowned company with a herbal portfolio
of skincare products and fragrances.
◼ Origo distributes products through channels, such as department stores, multi-brand retailers, upscale
perfumeries and pharmacies, salons, and spas. The company also distributes products through e-commerce
and m-commerce websites owned by the company.
◼ Consumers in the market are assertive and curious, and they are influenced by the social media groups and
online bloggers. In terms of cosmetics, they look for design and color and focus on personal grooming
products. Complete analysis will be provided in the report
33 SAMPLE – OMAN ECOMMERCE MARKET
6. COMPETITIVE
LANDSCAPE
6.1 Company Profiles
6.1.1 Namshi
6.1.4 Ubuy.com
6.1.5 ebay
6.1.6 Awok
6.1.7 Mumzworld
6.1.8 Markeetex
6.1.9 VogaCloset
34
6.1.10 Salman Stores LLC
SAMPLE – OMAN ECOMMERCE MARKET
6. COMPETITIVE LANDSCAPE | 6.1 COMPANY PROFILES
◼ Alibaba Group Holdings Limited (Alibaba Group) is an e-commerce company, which provides
fundamental technology infrastructure that helps merchants, businesses, and brands to
transform the way they market, sell, and operate using internet. Founded in 1999
◼ Its businesses comprise core commerce, digital media and entertainment, cloud computing and
other innovation initiatives. Its services help businesses establish an online presence and Hangzhou, Zhejiang
ALIBABA GROUP HOLDINGS LIMITED ◼ Cloud computing reported a revenue of CNY 24,702 million for FY2019,
Revenue in CNY million, Business Segments, FY 2019 which grew 84.5% YoY (2019 vs 2018), and recorded CAGR of 92.5% during
2017-19. The segment accounted for 6.6% of the company's revenue in
FY2019.
323,400
◼ Core Commerce reported a revenue of CNY 323,400 million for FY 2019,
which grew 51.1% YoY (2019 vs 2018), and recorded CAGR of 55.4% during
2017-19. The segment accounted for 85.8% of the company's revenue in
FY2019.
24,077 4,665 ◼ Digital Media and Entertainment reported a revenue of CNY 24,077 million
24,702
for FY2019, which grew 23.1% YoY (2019 vs 2018), and recorded CAGR of
27.8% during 2017-19. The segment accounted for 6.4% of the company's
revenue in FY2019.
◼ Innovation Initiatives and Others reported revenue of CNY 4,665 million for
FY2019, which grew 41.7% YoY (2019 vs 2018), and recorded CAGR of 24.8%
Cloud Computing Core Commerce Digital Media & Innovation during 2017-19. The segment accounted for 1.2% of the company's revenue
Entertainment Initiatives & Others in FY2019.
◼ Alibaba Group connects wholesaler with suppliers and customers by offering them products in various categories. 1,349
ALIBABA PRODUCTS (Oman) Oman products are offered for sale by suppliers on Alibaba.com, of which metal crafts accounts for 2%, air freight accounts
Agriculture and Food for 1%, and sea freight accounts for 1%. A wide variety of oman options are available to people, such as casting, polished,
◼ Aliexpress direct has been launched Aliexpress Direct a platform that allows
COD for customers and has VAT included in orders for customers. The platform
will allow GCC countries including Oman to access COD options.
◼ Ali express launched a website ColisExpat that receives orders from Aliexpress
purchases and forwards them at your customers house in Oman. The platform
enables the Omanis to order from anywhere in USA and Oman.
◼ Ali express is popular website in Oman and caters to customers in Oman (and
shipments to Muscat, Seeb, Salalah... etc)
◼ The spread of COVID -19 Pandemic has led to a rise in online orders from
Oman customers as the curfew situation prevailed in many countries and
inability of customers to go online for shopping.
M M M M
The company acquired a software-as-a-service The company acquired RMB 4.36 billion of
March 2020 Nov 2019
company, Keruyun. convertible bonds in Red Star Macalline, one of
China’s biggest furniture retailers.
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