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Learn More →Latin America Ecommerce Forecast 2023
Double-Digit Gains Endure as the Regional Economy Worsens
Ecommerce Forecasts 2023
Our data and analyses of ecommerce across 8 markets: US, Canada, China, Latin America, India, Southeast Asia, Western Europe, and UK
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Table of Contents
- Executive Summary
- We’ve reduced our retail ecommerce forecast for the region.
- Latin America’s stagflationary environment will slow consumer spending.
- Latin America’s retail ecommerce sales will expand by double digits every year through 2027.
- Ecommerce won’t overtake brick-and-mortar anytime soon in Latin America.
- Mercado Libre further solidifies its ecommerce lead in the region.
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Charts in This Report
Retail Ecommerce vs. Non-Ecommerce Sales Growth in Latin America, 2016-2027 (% change)Retail Ecommerce Sales in Latin America, by Country, 2022-2027 (billions)
How Has Our Forecast for Retail Ecommerce Sales Share in Latin America Changed? (% of total retail sales, 2016-2027)Forecast for Retail Ecommerce and Total Retail Sales Growth vs. Inflation in Latin America, 2022-2027 (% change vs. previous year)
Ways the Rising Cost of Living Has Affected the Spending Habits of Consumers in Select Countries in Latin America, Dec 2022 (% of respondents in each group)Retail Ecommerce Sales Growth Worldwide, by Region, 2023 (% change)
Top 10 Countries, Ranked by Retail Ecommerce Sales Growth, 2023 (% change)Retail Ecommerce Sales Growth vs. Rate of Inflation in Argentina, 2012-2023 (% change)
Retail Ecommerce Sales in Chile, 2019-2027 (billions, % change, and % of total retail sales)Retail Ecommerce Sales Share in Latin America, by Country, 2019-2027 (% of total retail sales)
Channels on Which Consumers in Mexico Find the Most Compelling Offers and Products from Retailers, by Age, Sep 2022 (% of respondents)Mercado Libre Retail Ecommerce Sales Share in Select Countries in Latin America, 2019-2024 (% of total retail ecommerce sales in each country)
First Published on Jul 26, 2023
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