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Consumers in Indonesia ramp up spending for revitalized Ramadan celebrations: InMobi report
February 9, 2023
On average, 92% of respondents in Indonesia will maintain or increase their budgets and 60% are willing to spend over IDR 3 million during Ramadan in 2023.
Singapore, February 7, 2023 – InMobi, a leading provider of content, marketing, and monetization technologies that help businesses fuel growth, released today the findings of the Ramadan 2023 at a Glance report. The report analyses the expectations and habits of Indonesian consumers surrounding Ramadan, providing insight to brands seeking to refine their mobile marketing strategies during the nation’s holy month.
Indonesia has the world’s largest Muslim population at an estimated 229 million, making the holy month of Ramadan one of the nation’s most widely observed occasions. Increased consumer spending is typical during this month as many observers shop for gifts, travel tickets, and iftar (the evening meal that breaks the Ramadan fast). Moreover, anticipation for Eid-al Fitr further spurs consumer spending as buyers prepare to mark the conclusion of Ramadan in celebratory style.
Insights from the InMobi report reveal that consumer sentiment in Indonesia maintains its upward trend heading into 2023 as consumers embrace the gradual return to normalcy. 60% of respondents plan to spend at least IDR 3 million for Ramadan this year, up from 56% in 2022. Moreover, the mobile-centric habits developed during the COVID-19 pandemic remain prevalent, especially with 98% of respondents choosing to explore deals, products, and brands for Ramadan on mobile and 56% preferring mobile as their primary purchasing channel.
“Every year, the festive month of Ramadan triggers a massive wave of spending activity in Indonesia, and we expect a rebound this year after modest celebrations in the last two years. Interestingly, mobile remains dominant as a preferred channel for shopping, entertainment, and even religious activities among consumers despite relaxed restrictions on travel and physical gatherings,” said Rishi Bedi, Managing Director, Asia Pacific at InMobi. “As such, brands must continue to proactively maximize their visibility and reachability to target consumer segments on this and other digital platforms.”
The report shares additional insights on consumer shopping preferences during the Ramadan season, as well as other purchasing and mobile usage behaviors:
- 72% of respondents are Category Explorers that spend time planning and researching their purchases online – with 31% starting research one month before Ramadan
- 1 in 3 app downloads during this period in Indonesia are shopping apps, with downloads peaking two months before Ramadan
- Respondents are most active on their mobiles in the evening and night, with spikes in mobile activity seen before suhoor (sunrise meal) and after iftar (sunset meal)
To read more about the Ramadan 2023 At A Glance report, visit https://inmo.bi/3jHHEXz