Taipei-based government-backed IT research institute MIC (Market Intelligence& Consulting Institute) of III (Institute for Information Industry) held a forum on September 25-27, 2019, to reveal our findings on latest developments and consequences of trade war, 5G, AI, and digital innovation. “Taiwan’s total retail market value is estimated to increase 1.7% year-on-year in the first half of 2019 and reach NT$3,923 billion (US$130 billion) in 2019 alone” says Rosa Chang, senior industry analyst of MIC. “Although sales of physical retailers still contribute a majority share in Taiwan’s retail market in terms of annual revenue, the e-commerce is catching up fast with over 10% annual revenue growth in the first half of 2019, indicating the gap between two keeps narrowing.”

The Taiwanese Retail Market Revenue, 2016-2019

Note 1: Annual revenue statistics are based on data released by Department of Statistics, Taiwan’s Ministry of Economic Affairs

Note 2: US$1 = NT$30.48
Source: MIC, September

Taiwan’s Retailers by Annual Revenue, 2019

“Large-scale platform service providers continue to expand their size by increasing product types, logistics distribution, and in-store pickup networks while some medium-and-small size platform service providers have either started to fade out the market or been merged in 2019.”

To see more about this topic, please visit: Analysis of Taiwanese Consumer Buying Behavior towards Cosmetics, Analysis of Taiwanese Consumer Buying Behavior towards Fast-moving Consumer Goods, 

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About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry

For future inquiry, please contact MIC Public Relations.

About MIC

Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry.Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry

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