OLX Pakistan helped sustain thousands of small business enterprises in 2020
Lahore, December 31, 2020: As the year 2020 comes to an end OLX, Pakistan’s no. 1 online marketplace, reflects on data-driven insights related to a wide range of product and services categories. It is important to analyze how the trend of various items and services exchanged through the OLX platform shifted, specifically during times when strict lockdowns seized operations of small-scale business in Pakistan.
Due to COVID-19, the online exchange of goods and services gained popularity. Since the SOP’s restricted movement, the services category experienced a boost of 99% in 2020. The demand for subcategories of movers and packers, tax services, security, car rental, web development, and online education and classes skyrocketed, resulting in an overall impact on the services category, hence helping a large number of small businesses and individuals to sustain their livelihood.
“I feel proud to say that this year OLX Pakistan contributed to the survival of thousands of small businesses during strict lockdowns. In 2020, we also observed a more accelerated shift towards online buying, hence the changes will have lasting effects as the economy begins to recover. In 2021, we will revolutionize our offerings to bring more convenience to end-user and small businesses as online consumption patterns in Pakistan are evolving” said Mr. Imran Ali Khan, CEO of OLX Pakistan”.
Since traditional retail markets were closed, 11 from 14 categories on OLX witnessed an exponential growth of more than 100 percent, as compared to previous years. These categories included pets (205%), mobiles (187%), bikes (160%), fashion and beauty (157%), electronics and home appliances (146%), business, industrial and agriculture (141%), vehicles (136%), jobs (135%), books, sports and hobbies (126%), kids (117%) and furniture and home décor (100%) respectively.
Goods valuing Rs. 2.2 trillion were traded through OLX, with the vehicles category contributing a massive share of Rs. 0.9 trillion to the total value. The top three integral car brands on OLX were Suzuki, Toyota, and Honda with more than 250,000, 130,000, and 91,000 vehicle listings, respectively. Similarly, the top three hot selling mobile brands this year were Samsung, Apple, and Huawei with more than 490,000, 440,000, and 214,000 mobiles listings on OLX, respectively.