Dive into the booming world of Brazilian e-commerce!

Dive into the booming world of Brazilian e-commerce!

Brazil’s e-commerce landscape is thriving like never before! With online shopping becoming increasingly mobile-centric, the country’s e-commerce market has seemed to have soared to new heights; turning challenges into opportunities. According to Statista, in 2022, online sales hit a the following figures:

– Staggering 170 billion Brazilian reals, nearly double the figures from 2019 and 12% higher than 2021.
– The rise of m-commerce, sales through mobile devices, continues to dominate, shaping the future of e-commerce in South America.
– Brazil is the 14th largest market for #eCommerce with a predicted revenue of US$39,862.2 million by 2024.
– According to ECDB (ecommerceDB), revenue in Brazil is expected to hit a compound annual growth rate (CAGR 2024-2028) of 8.9%, resulting in a projected market volume of US $56,001.9 million by 2028 and US$200 billion across Latin America by 2026.

– This will see an expected increase of 9.8% in 2024, making the Brazilian eCommerce market contributing to global growth rate of 10.4% in 2024.

Here are seven key markets that are highlighted by ECDB leading the way within the Brazilian eCommerce market and revenue

1. Electronics is the largest market and accounts for 31.9%
2. Fashion follows closely with 27.0%
3. Hobby & Leisure at 14.1%
4. Furniture & Homeware with 10.9%
5. Care Products with 6.1%
6. DIY with 5.4%
7. Grocery with the remaining 4.6%.

Brazil plays a very influential and key role in the e-commerce market in Latin America and stands out as a very exciting and vibrant e-commerce hub and evolving landscape, with most of the consumers being 30-50 year of age, it is boasting a remarkable 90% penetration among the adult population.

With such a key and exciting time for eCommerce in Brazil, we are super thrilled to announce NeX eCommerce CEO, Justus Klüver – Schlotfeldt will also be in Rio attending the excellent Neutral Air Partner 8th GSM #OPENAP24RIO Americas event kicking off tomorrow, and talking the stage with a leading panel of industry experts on March 11th at 10am. Justus will be discussing and sharing his expert thought leadership on “Building the right eCommerce logistics ecosystem” and other industry topic areas.

Justus will be joining the following leaders and experts for the Neutral Air Partner ‘Network Update Session’:

Christos Spyrou, CEO Neutral Air Partner
Ralph van Eijk Head of GSSA & Airline Development NAV – Neutral Aviation Specialists
Kenneth Gibson Business Development Manager The International Air Cargo Association TIACA

Rudee Bertie
ATEM Group
Clarice Mara Sousa e Silva

#NAP #OPENAP #NeX #WhatsNeX #eCommerce #AirCargo #Airfreight #NeXNetworking #OPENAPAmericas #AirCargoLogistics #nexworldtour #tiaca #crossborder #ecommerce #airfreight
#NetworkingEvent #Rio2024 #EcommerceBoom #MobileShopping#BrazilianMarket #ecommercenews

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