To further illustrate the impact, the number of used fashion listings can provide 70% of the population in the Philippines with an outfit. Additionally, assuming all used electronics listed are iPhone Xs, the height when stacked together is the equivalent of over 1600 times the height of Mount Pulag.

The report also highlighted key trends in each market, specifically for the Philippines:

• Top 3 most popular categories to sell secondhand items are Fashion, Hobbies & Toys, Babies & Kids

• Top 3 most popular secondhand category to browse are Fashion, Hobbies & Toys, Electronics

• All-time top 3 most-searched keywords for secondhand items: Zara, Uniqlo and iPhone

Since its inception in 2012 as a mobile-first app to make selling and buying underutilised items easier, Carousell has grown from a C2C classifieds marketplace into a multi-category platform for secondhand goods in Greater Southeast Asia. To accelerate the next decade of recommerce, the Group has been working on additional capabilities to offer more features and services to users that make buying secondhand items as trusted and convenient as buying brand new items.

Djon Nacario, General Manager, Carousell Philippines, said, "As Philippines slowly recovers from the financial impact of the Covid pandemic, we see more and more consumers considering and buying secondhand as their first choice. The Carousell Recommerce Index serves as a crucial guide to help us better understand the fast-changing consumer behaviors in the post-Covid era, and how we can explore developing additional features to help improve the marketplace experience, and provide even more frictionless ways to drive recommerce growth."

The Carousell Recommerce Index (10th anniversary edition) is available for download on http://press.carousell.com/carousell-green^[2].

Hashtag: #CarousellGroup

The issuer is solely responsible for the content of this announcement.

References

1. ^{^} Media OutReach (www.media-outreach.com)
2. ^{^} http://press.carousell.com/carousell-green (press.carousell.com)