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PHL leads SEA in used goods sales; Zara, BMW popular – Carousell
In recent years, the Philippines has emerged as the leader in the Southeast Asian region when it comes to the sale of used goods. According to a report by online marketplace Carousell, the country has seen a significant increase in the number of people buying and selling second-hand items, with popular brands such as Zara and BMW leading the way.
The report, which analyzed data from Carousell’s platform, found that the Philippines had the highest number of listings for used goods in the region, with over 1.5 million items available for sale. This was followed by Indonesia with 1.3 million listings, and Malaysia with 1.1 million.
One of the most popular categories for used goods in the Philippines was fashion, with Zara being the top brand. The report found that there were over 100,000 listings for Zara items on Carousell, with an average selling price of around PHP 500 (USD 10). Other popular fashion brands included H&M, Nike, and Adidas.
In the automotive category, BMW was the most popular brand for used cars, with over 10,000 listings on Carousell. The report also found that the average selling price for a used car in the Philippines was around PHP 500,000 (USD 10,000), with Toyota and Honda being the other top brands.
The report attributed the rise in the sale of used goods in the Philippines to several factors, including the growing popularity of online marketplaces like Carousell, the increasing awareness of sustainability and the environment, and the economic impact of the COVID-19 pandemic.
“More and more Filipinos are turning to online marketplaces to buy and sell used goods, as it provides a convenient and cost-effective way to shop,” said Raffy Montemayor, Carousell Philippines’ general manager. “We’re also seeing a shift in consumer behavior towards sustainability, with people becoming more conscious of their impact on the environment. Finally, the pandemic has had a significant impact on the economy, and many people are looking for ways to save money and make extra income.”
Overall, the report suggests that the sale of used goods in the Philippines is set to continue growing in the coming years, as more people embrace the benefits of buying and selling second-hand items. With popular brands like Zara and BMW leading the way, it seems that the country’s love for used goods is here to stay.