Kuala Lumpur, Dec 1: A new report has found that Malaysians are into secondhand goods.
As eight out of the 10 people have made secondhand purchases before, with a strong preference for buying photography and electronics such as computers, mobile phones and tablets (46 per cent).
Meanwhile, top-selling categories are home, furniture and appliances (48 per cent), with thousands of items making their way to new homes instead of landfills, providing income to sellers and delivering value for money to buyers.
These findings were derived from the inaugural Carousell Recommerce Index 2021, a Carousell Green initiative to highlight the importance of sustainability and recommerce in the Greater Southeast Asia region.
The report covers findings from four Carousell Group brands namely Carousell, Chợ Tốt, Mudah.my and OneKyat, across eight markets – Hong Kong, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Taiwan and Vietnam, involving over 3,000 buyers and sellers.
“At Carousell, we have always aimed to provide a new lease of life for underused items, as a means to reduce waste and to help people get more value for money,” Tang Siew Wai, Country Head (Malaysia), Carousell said.
“Over the last two years, normal consumer behaviour has been upended by the pandemic, hence the Carousell Recommerce Index is a timely ‘report card’ on where we are now, and how we can make secondhand the first choice in our effort to practice a more sustainable lifestyle and support a circular economy.”
“As for motivations for buying secondhand, 78 per cent of Malaysian respondents who have purchased second hand items before cite ‘value for money’ as the top reason, coming out ahead of the regional average of 68 per cent.”
Overall in the region, fashion remains the top category with the most secondhand listings (29 per cent), with women’s fashion dominating the top spot across the region, and men’s fashion becoming increasingly popular.
This is echoed in Malaysia where men’s fashion surged 76 per cent in listing views and 74 per cent in listings created on Carousell Malaysia, with men’s tops followed by sneakers as the most popular purchases.
Men’s Fashion also saw strong interest on Mudah.my, leading the way for its parent category Home and Personal Items to reach second place in 2020.
However, on Mudah.my, Autos takes the lead from 2018 – 2020 in terms of the most number of secondhand listings and the most demand for secondhand.
With the launch of the Carousell Auto Group earlier this year, this category is anticipated to be a key area of growth as more individuals seek safe and reliable vehicles for safety and other reasons, without the burden of financing a new set of wheels.
Regardless of fluctuations in buying and selling, Carousell Group continues to make headway in fostering community while promoting secondhand.
This includes Malaysia’s Betul-betul Free campaign, which was inspired by generous users who listed items for free using the hashtag #blessings.
The popularity of the campaign led to a dedicated free items category that is now available in Singapore, Hong Kong, Taiwan, Malaysia and the Philippines on Carousell, as well as Chợ Tốt in Vietnam and OneKyat in Myanmar.
“As a pioneer for mobile classifieds in the region, Carousell Group has been constantly working to remove friction and enable secure, seamless transactions,” Lucas Ngoo, Co-founder, Carousell Group said.
“With the use of AI and data, we have been focused on accelerating our recommerce leadership in the region to make buying secondhand trusted and convenient.
“This, in turn, will help to solve the meaningful problem of overconsumption with recommerce and thus make secondhand the first choice for consumers.”
The Carousell Recommerce Index (2021 Report) is available for download here.
Welcome to dailystraits.com.Please send all interview requests and press releases to email@example.com. Thank you!