Latin America E-commerce Market Size & Outlook, 2023-2030
The e-commerce market in Latin America is expected to reach a projected revenue of US$ 1,021.5 million by 2030. A compound annual growth rate of 16.7% is expected of Latin America e-commerce market from 2024 to 2030.
Revenue, 2023 (US$M)
$346.8
Forecast, 2030 (US$M)
$1,021.5
CAGR, 2024 - 2030
16.7%
Report Coverage
Latin America
Latin America e-commerce market, 2018-2030 (US$M)
Related Markets
Latin America e-commerce market highlights
- The Latin America e-commerce market generated a revenue of USD 346.8 million in 2023.
- The market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, intermediary-oriented was the largest revenue generating deployment model in 2023.
- Intermediary-oriented is the most lucrative deployment model segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 346.8 million |
| Market revenue in 2030 | USD 1,021.5 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Intermediary-oriented |
| Fastest growing segment | Intermediary-oriented |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Supplier-oriented, Buyer-oriented, Intermediary-oriented |
| Key market players worldwide | Amazon.com Inc, Alibaba Group Holding Ltd ADR, ASOS PLC ADR, Costco Wholesale Corp, DangDang.com, EBay Inc, Flipkart, JD.com Inc ADR, MercadoLibre Inc, Shopify Inc Registered Shs -A- Subord Vtg, Sea Ltd ADR, Walmart Inc, Wayfair Inc Class A, Zalando SE |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.9% of the global e-commerce market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 853.3 million by 2030.
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E-Commerce Market Scope
E-commerce market segmentation & scope
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E-Commerce Market Companies
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Latin America e-commerce market size, by country, 2018-2030 (US$M)
Latin America E-Commerce Market Outlook Share, 2023 & 2030 (US$M)
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