Retail Delivery - Belarus

Belarus

Highlights

The Reail Delivery market in Belarus is projected to reach a revenue of US$163.80m by 2024.
This is expected to show an annual growth rate (CAGR 2024-2029) of 2.35%, resulting in a projected market volume of US$184.00m by 2029.
In Belarus' Reail Delivery market, the number of users is expected to reach 1.6m users by 2029.
The user penetration is forecasted to be 14.2% in 2024 and is expected to increase to 17.0% by 2029.
The average revenue per user (ARPU) is projected to be US$122.00.
In global comparison, United States is expected to generate the most revenue in the Reail Delivery market, amounting to US$195.40bn in 2024.
On the other hand, United States will have the highest user penetration rate in the Reail Delivery market, projected to be 30.4%.
Despite the rapid growth of e-commerce, traditional brick-and-mortar stores still dominate the retail delivery market in Belarus.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

Belarus, a country in Eastern Europe, has seen a significant development in its Retail Delivery market in recent years.

Customer preferences: Belarusian consumers are increasingly inclined towards online shopping due to the convenience it offers. The ease of ordering products from the comfort of their homes and the availability of a wide range of products online have made online shopping a preferred choice for many. Moreover, the COVID-19 pandemic has further accelerated this trend as people have been forced to stay indoors and avoid physical shopping.

Trends in the market: The Retail Delivery market in Belarus has witnessed a surge in demand for same-day delivery and contactless delivery options. Consumers are willing to pay extra for these services as they prioritize safety and convenience. Retailers are also partnering with delivery companies to offer faster and more reliable delivery options. Additionally, there has been a rise in demand for eco-friendly delivery options such as electric vehicles and bicycles.

Local special circumstances: Belarus has a relatively small population and a vast geographical area. The lack of infrastructure and logistics facilities in some areas of the country has made it challenging for retailers to offer delivery services in those regions. However, the government has taken steps to improve the transportation system and build more logistics facilities to support the development of the Retail Delivery market.

Underlying macroeconomic factors: Belarus has a developing economy with a growing middle class. The increase in disposable income has led to higher consumer spending, including online shopping. The government has also implemented policies to support the growth of e-commerce, such as reducing taxes on online purchases. Furthermore, Belarus has a strategic location between Europe and Asia, making it an attractive market for international retailers and delivery companies.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.