Did you know that the economy of a certain part of the world has not been affected by the pandemic? Did you know that these countries have experienced an average growth rate of 5%-6% in the past 2020? Like the rest of the world, has your online consumption exploded? So, do you know what I mean is the next big opportunity?
That’s right, guys.This country What can we call MuslimAs a religion more or less practiced by their residents, they have 57 countries and represent more markets 1.8 billion potential customers.
The countries we are talking about include the United Arab Emirates, Qatar, Israel…There are other countries, such as Malaysia, Turkey, India, and even Albania or Bosnia in Europe (including Western countries (such as Paris, London, Brussels, etc.). The increasing purchasing power of these countries has created a trend United Nations International Trade Center as a New global market Bring huge business opportunities.
In fact, let us give a clear example: Malaysia; A country with a flag that reminds us of the United States or Liberia-and a shield similar to Australia-is a parliamentary monarchy (like Spain), ruled by a monarch Abdullah of Pahang, Chaired by the prime minister Muhyiddin YassinIslamic creed.
If we still can’t find it in our minds, then consider it Gas tower From Kuala Lumpur, Its capital. Is it now? These skyscrapers symbolize the tremendous growth of the region in recent years.
16th largest country in the world
Not long ago, but it’s almost a different kind of life, Spain boasts of being the eighth largest economy in the worldWe are talking about 2007, the year before the real estate bubble crisis broke out, and we have not fully cured this year. Today, we are ranked 15th in the world.An economy like this India, South Korea, Brazil, Russia, Australia or Mexico They surpassed us on the right.The next thing to do is Malaysia Accumulated in 2019 GDP is close to 1 trillion euros (999,916 million euros) increased by 5%. In 2020, Spain will lose 11% of its economy, becoming the second country in the world most affected by the COVID19 crisis, second only to… indeed Venezuela (-19.6%). Behind is Saudi Arabia, Turkey (maybe in a few years, they will “beat us”) and Taiwan.
E-commerce in Muslim countries
Let us continue to talk about Malaysia or Malaysia. The market size in 2019 is $3.25 billionAnd expect in the next few years Continued to grow by more than 24%. Another fact that supports it is Only 37% Population (a country with a population of 30 million) Online storeTherefore, according to EcommerceDB data, there is still a lot of work to be done.
What are the requirements of Abdullah or Muhyiddin?This fashion Is the largest market segment in Malaysia and represents 30% of income E-commerce. This is followed by electronics and media (27%); toys, hobbies and DIY (20%); furniture and household appliances (13%); and food and personal care, with the remaining 10%.
Who controls electronic shows in Malaysia?
The big news about these markets is Amazon does not exist. Giants are now by Andy Jassy After Jeff Bezos passed by, it is hardly any Muslim market (Saudi Arabia, United Arab Emirates, except India) [donde tampoco le van muy bien las cosas] And Turkey).
However, there are other players who dominate the market. This will be the top 10 e-commerce in Malaysia.
|business||Revenue (millions of dollars)|
Psssstttt… Do you have a halal certificate?
Of course, you have heard the term ‘Muslim’. This is an Arabic word that literally means “What is allowed” Refers to those things or products that conform to the teachings of Islam (Islamic law): authorization, recommendation, healthy, moral or immoral, permitted, things that are good for health, human beings. On the contrary, the banned will be holy places (such as pork or alcohol).
Muslims today understand the word Muslim as a lifestyle, A global comprehensive concept that affects and affects everyday issues such as food; not only that, Hygiene, health, economy, fashion, business or tourism.
60% of Malaysia’s population (and growing) is Muslim, which means 14 million potential consumers Malaysians will prefer products with halal seals.
How do you get halal certification? In Spain, it’s very simple.In Cordoba, we have Halal Academy The organization responsible for managing compliance with the basic standards required to obtain a halal guarantee seal.Passport allows us to enter The market size exceeds 3 trillion euros. Interesting?
In a very general way, basically to obtain a halal seal, the product must be made of any raw material except the following: Holy Land (Prohibited), these-in short-are reduced to Blood, pig, carrion and alcohol.