The e-commerce sector in Indonesia has strengthened since 2019. Big brands like Lazada still rule. Shopee saw the highest growth in 2020, but there are others who are eyeing a bigger slice of the online pie as well. Cardoza said, “There is an increased presence of smaller e-commerce platforms like Bukalapak, Blibli, Akulaku, and JD.ID. There have also been initiatives to form synergies across allied sectors. Online marketplaces are looking to build competencies by partnering with other ecosystem players. This will lead to an enhanced and more matured ecosystem that will support higher distribution and sales, even in geographically challenging locations. Active Chinese investment in the region’s 5G initiatives and e-commerce sector will bring about a much-needed capital boost for this economy.” With a population of more than 270 million, Indonesia leads the SEA region as its biggest economy. The country has a strong and fast-growing smartphone-savvy consumer base. Despite still dealing with COVID-19 and related issues, Indonesia saw its smartphone sales going up 23% YoY in Q4 2020. vivo led the brand share focusing on the IDR 1.5 million to 3 million range.

Source: Counterpoint Channel Tracker Q4 2020

Research Analyst Tanvi Sharma said, “Brands like OPPO and vivo have continued their efforts to strengthen offline networks across the country. On the other hand, brands like Xiaomi and realme are actively focusing on both offline and online channel networks. Chinese brands in Indonesia consistently gave Samsung a tough competition in 2020.” Sharma added, “Indonesia being a price-sensitive market, brands have shown a consistent focus on launching economically priced models. They have, however, also increased their offerings in the mid-range brackets. Specific price ranges made up the bulk of smartphone volumes sold. Models like the OPPO A15 and A11K, and the vivo Y12i and Y20 sold most.” OEMs are looking at a partially untapped market in Indonesia which is on its way to growing further. Besides, there is still a big portion of the handset-using population that relies on feature phones. This is another opportunity for the country’s smartphone players. Background: Counterpoint Technology Market Research is a global research firm specializing in products in the TMT (technology, media, and telecom) industry. It services major technology and financial firms with a mix of monthly reports, customized projects, and detailed analyses of the mobile and technology markets. Its key analysts are seasoned experts in the high-tech industry. Analyst Contacts: Glen Cardoza Tanvi Sharma Follow Counterpoint Research press(at)counterpointresearch.com