Improving the e-commerce sector contributes significantly to Bangladesh’s economic growth. In Bangladesh, e-commerce is a quickly evolving but yet nascent business. Across the globe, the retail industry is undergoing a period of profound change, and Bangladesh is not an exception.
To create a unified forum for the open discussion and exchange of ideas concerning domestic and international business circumstances and concerns impacting businesses and organizations engaged in electronic commerce or online marketplaces through which trade is enabled or initiated.
With the onset of the pandemic, consumers have shifted their purchasing habits dramatically, becoming increasingly accustomed to making purchases via the internet.
Recent industry study estimates that Bangladesh’s business-to-customer e-commerce market would expand by 17.61% annually, reaching Tk65,966 crore in 2022.
The report “Bangladesh B2C Ecommerce Market Report 2022” claims to include all e-commerce businesses in the country, whether they are formally registered or not, as well as any social media pages that facilitate e-commerce.
Many other industries are represented, including commerce, tourism, online dining delivery, the media, the entertainment industry, healthcare, wellness, and technology.
ResearchAndMarkets.com, a Dublin-based market research firm, predicted that the size of the worldwide e-commerce market in 2021 was approximately Tk56,870 crore and would increase to about Tk1.5 lakh crore by 2026.
There are more than 2,500 e-commerce platforms in Bangladesh, as stated in a report that was published by the e-Commerce Association of Bangladesh (e-Cab) the previous year. Of these, 1% are classified as large enterprises, 4% as medium firms, and 95% as small businesses. Some 1,600 e-commerce entrepreneurs were e-Cab members.
A representative from the Bangladesh Telecommunication Regulatory Commission (BTRC) claims that almost 50,000 Facebook pages in Bangladesh are involved in retail and wholesale sales.
An official speculated that these Facebook-based businesses could generate as much as Tk10,000 crore in tax and VAT per year.
Overall e-Commerce Industry in Bangladesh
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