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Retail sales during Ramadan up by 16% in SEA: report

by Fatima Baduria

-

February 18, 2025

Retail sales during Ramadan up by 16% in SEA: report

Singapore – Retail sales during Ramadan 2024 have jumped by 16% in Southeast Asia (SEA), according to a report from commerce media company Criteo.

Malaysia led the retail sales increase in the region at 21%, while Singapore saw a 7% climb.

Despite the overall sales surge in SEA, the report sees a drop of 11% in Indonesia’s online sales, signalling shifting consumer preferences. However, sales in Indonesia boomed by 74% towards the end of the period.

In SEA, the last two weeks of Ramadan witnessed an 8% jump, peaking at a 28% increase on April 4. 

Particularly, religious and ceremonial items had high demand with a 63% sales increase across SEA. Apparel and accessories also saw a 23% climb, which reflects the tradition of buying new clothes for Eid.  Food, beverages, and tobacco sales also increased by 19% amidst the celebrations.

Meanwhile, despite a decrease in travel during the Ramadan period, online travel bookings saw a 29% year-over-year increase.

Additionally, many consumers began seeking products around 20 days before purchasing them, indicating a need for early campaign strategies.

“Ramadan is a crucial shopping period where consumer behaviours change dramatically, offering a golden opportunity for marketers. A well-planned strategy is essential to tap into this heightened consumer intent and drive significant results,” Taranjeet Singh, managing director of venture markets APAC at Criteo, said.

Related Tags Marketing Southeast Asia Retail Criteo
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