The food delivery industry in Timor-Leste has been growing at a steady pace in recent years.
Customer preferences: Customers in Timor-Leste are increasingly turning to online food delivery services due to the convenience they offer. With busy work schedules and long commutes, many people prefer to have their meals delivered to their doorstep rather than spending time cooking or going out to eat. Additionally, the COVID-19 pandemic has accelerated the adoption of online food delivery services as people have been encouraged to stay at home to prevent the spread of the virus.
Trends in the market: One of the major trends in the online food delivery market in Timor-Leste is the entry of new players. As the market continues to grow, more companies are entering the space, leading to increased competition. This has resulted in companies offering more attractive deals and discounts to customers in order to retain their market share. Another trend is the increasing popularity of mobile apps for food delivery. With the majority of the population owning a smartphone, mobile apps have become a convenient way for customers to order food and track their deliveries.
Local special circumstances: One of the unique aspects of the food delivery market in Timor-Leste is the prevalence of traditional local cuisine. While many international food chains have established a presence in the country, local food remains a popular choice among customers. This presents an opportunity for food delivery companies to partner with local restaurants to offer a wider variety of options to customers.
Underlying macroeconomic factors: Timor-Leste is a developing country, and the growth of the food delivery market can be attributed to the country's improving economic conditions. With a growing middle class and increasing disposable income, more people are able to afford the convenience of online food delivery services. Additionally, the country's young population is more tech-savvy and comfortable with online transactions, which has contributed to the growth of the online food delivery market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.
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