Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
BTS merchandise amongst Malaysians' most-searched keywords for secondhand items, Carousell Group's Recommerce Index reveals

Carousell Group reveals impact on secondhand selling and buying over the past decade in 10th anniversary report

KUALA LUMPUR, MALAYSIA - Media OutReach - 30 November 2022 - In celebration of its 10th anniversary, leading multi-category platform for secondhand in Southeast Asia, Hong Kong and Taiwan, Carousell Group released the Carousell Recommerce Index (10th Anniversary Edition) revealing the sustainability impact its collective community has made by buying and selling secondhand items.


Over the past decade, the Group's users have extended the life cycle of millions of items, including: 76.8 million fashion items; 33.9 million electronics; 26.6 million hobby items and toys; 11.1 million home items and furniture; and 10.6 million babies & kids items.

In Malaysia, Carousell Group stands out as a dominant player in the recommerce industry, with 46% of study's respondents in the country saying they buy and sell secondhand on the Group's platforms. To further illustrate the impact, assuming all used electronics listed are iPhone Xs, the height when stacked together is the equivalent of over 10,000 times the height of the Petronas Twin Towers in Malaysia.

The report also highlighted key trends in each market, specifically for Carousell Malaysia and Mudah.my:

  • Top 3 most popular categories to sell secondhand items are Fashion, Electronics, Cars
  • Top 3 most popular secondhand category to browse are Fashion, Cars, Hobbies & Toys
  • All-time top 3 most searched keywords for secondhand items: IKEA, BTS and Nike

Recommerce refers to the selling and buying of previously-owned products, including both new and used in condition. The report covers data from 9 of Carousell Group's family of brands across Southeast Asia, Hong Kong and Taiwan markets — Carousell, Cho Tot, Laku6, Mudah.my, OneKyat, One Shift, Ox Luxe, Ox Street, and Refash.

Since its inception in 2012 as a mobile-first app to make selling and buying underutilised items easier, Carousell has grown from a C2C classifieds marketplace into a multi-category platform for secondhand goods in Southeast Asia, Hong Kong and Taiwan. To accelerate the next decade of recommerce, the Group has been working on additional capabilities to offer more features and services to users that make buying secondhand items as trusted and convenient as buying brand new items.

Commenting on the release of the Carousell Recommerce Index 2022 Report, Lucas Ngoo Co-founder, Carousell Group, said: 'This year's report, which is also our 10th Anniversary edition, serves as a crucial guide to help us better understand consumer behaviour in the post COVID-19 era. This will help us to keep up with the changing trends in the country so that we can continue to drive recommerce growth.'

'As a group founded on a mission to address the problem of overconsumption through technology, we are proud that our platforms have enabled millions of preloved and underused items over the years find new homes and purpose, thus reducing waste to protect our environment, while providing value to buyers and side income to sellers. We endeavour to continue with this mission to promote a sustainable and circular economy in Malaysia,' he added.

The Carousell Recommerce Index (10th anniversary edition) is available for download on http://press.carousell.com/carousell-green.

Hashtag: #CarousellGroup

The issuer is solely responsible for the content of this announcement.

About Carousell Group

Carousell Group is the leading multi-category platform for secondhand in Greater Southeast Asia on a mission to inspire the world to start selling, and to make secondhand the first choice. Founded in August 2012 in Singapore, the Group has a leading presence in eight markets under the brands Carousell, Cho Tot, Laku6, Mudah.my, OneKyat, Ox Luxe, Ox Street, and Refash, serving tens of millions of monthly active users. Carousell is backed by leading investors including Telenor Group, Rakuten Ventures, Naver, STIC Investments and Sequoia Capital India. Visit for more information.

Carousell Group

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Wednesday, November 30, 2022  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Media OutReach

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
2023 Safest Year for Flying By Several Parameters [21910-Views]
Mr. Arjun Dhanak of Kanz Jewels Clinches Youngest MD Award at The Retail Jeweller Dubai Fo... [13526-Views]
Xiaomi 14 Ultra Makes a Big Entrance in the UAE for the First Time [9204-Views]
Luxury Perfumery Pioneer Navitus Parfums Launches in Dubai [8282-Views]
Nabtih Debuts Ramadan Gift Baskets, Highlighting Palestinian Craftsmanship and Tradition [7573-Views]
UAE's Newest Home-Grown Fragrance Brand –FARIDAH– Unveiled, Complements The $12.4 bn Perfu... [6527-Views]
SANTONI SETS THE TONE FOR THE NEXT FALL/WINTER SEASON DURING MILAN FASHION WEEK [6416-Views]
Dyson unveils new pop-up experience at Dubai International Airport [6273-Views]
Union Coop Strengthens Support for Local farmers [5871-Views]
Hitachi Energy invests over 30 million euros to expand transformer operations in Germany [5625-Views]
Dubai government entities review ambitious 'Dubai 10X' projects [5617-Views]
All-New Ford Territory Dark Edition Elevates Crossover SUV Style in the Middle East [5486-Views]
Arabian Automobiles' Nissan Sunny: A Timeless Icon of Efficiency and Quality [5469-Views]
Dubai Culture celebrates Burj Rashid's 45th anniversary, showcasing its rich history [5350-Views]
Eaton to Showcase Cutting-Edge Sustainable Energy Solutions at LEAP 2024 in Saudi Arabia [5281-Views]
BENTAYGA EWB – INFINITE CHOICE, CURATED BY MULLINER [5268-Views]
Clinique La Prairie To Showcase Longevity Lounge At Art Dubai 2024 [5260-Views]
Swiss International School in Dubai [5211-Views]
Bluewaters Sets Scene for Ramadan with Stunning Weekend Fireworks This March [5129-Views]
A total of 360 riders qualify for world cycling event in Aalborg, Denmark at the end of Au... [5064-Views]
NBF's new Ramadan campaign provides new financing opportunities for customers [5018-Views]
SPORTMAX FW 2024 FASHION SHOW [4957-Views]
LG IS REDEFINING LAUNDRY DAY WITH ITS NEXT-GENERATION WASHING MACHINES [4957-Views]
ATP STARS EBDEN AND BOPANNA MAKE A GRAND SLAM IMPACT AT DUBAI DUTY FREE TENNIS CHAMPIONSHI... [4949-Views]
Union Coop Achieves 33% Emiratization by 2023's Close, with 72% in Leadership Roles [4879-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories