EZDubai’s E-commerce Report in the MENA region’s third edition has disclosed that the total e-commerce market size of the MENA region reached $37 billion in 2022, reflecting double-digit growth from 2021 and a 32% compound annual growth rate between 2018 and 2022. The report was published in collaboration with Euromonitor International, the world’s leading provider of global business intelligence, market analysis, and consumer insights. The MENA region’s e-commerce growth is fueled by robust internet usage, a well-developed infrastructure, supportive policies, and a young, tech-savvy population.
The UAE, Saudi Arabia, and Israel accounted for 72.1% of the total market size, with Israel leading the market due to its innovative economy and the rising demand for speedy delivery services. The report projects that the MENA e-commerce market size will reach $57 billion in 2026, with a compounded annual growth rate of 11% over the 2022-2026 period. The demand for online shopping services in the MENA region is expected to continue growing, with consumers in the UAE spending over 19% more in 2022 compared to the previous year, according to Majid Al Futtaim’s latest State of the UAE Retail Economy Q4 report.