The Latin American e-commerce market is growing at a CAGR of 6.1% during the forecast period (2021-2027). Major factors that are contributing to the growth of the market include a rise in the number of e-commerce companies, an increase in e-commerce sales, and technological advancements across Latin America. The explosion of mobile internet penetration has also played a vital role as people can search for whatever products they want. For instance, according to the ITU, around 51% of individuals have been used the internet in 2020. The advancement in technology can be implemented to improve control of freight movement and logistics includes drones and optimization of vehicle routing and efficiency, such as platooning of trucks. Countries like Brazil, Argentina, and Chile rely heavily on roadways for the transportation of agricultural products and fertilizers over long distances. Therefore, dependence on the logistics and transportation networks ensures its competitiveness, and continued growth is anticipated to propel the growth of the e-commerce logistics market in the Latin American region.
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However, inconsistency in ease and speed customs clearance, poor GPS coverage, lacking quality connectivity of railways and roadways which limits reach and coverage of the logistics company are some of the constraints that challenge the growth of the market in the forecast period. In addition to this, fluctuation in crude oil prices in the region is also a factor that hampers the growth of the market. Conversely, cross-border e-commerce is one of the major opportunities due to the lower density of physical retail space, high penetration of smartphones, limited product availability, and purchase savings throughout the region. For instance, in January 2018, DHL and the Panama Ministry of Commerce and Industry jointly launched a Global Center of Excellence (GCOE) that aims to fulfill the central objectives of the “National Logistics Strategy of Panama by 2030”. Such strategy goals set by the country and the company’s partnership further increase the market share. GCOE has launched increase international investment in Panama in the areas of logistics and transport.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Latin America e-commerce logistics Report Segment
By Services
- Transportation Services
- Warehousing Services
- Other E-Commerce Logistics Services
By Product
- Baby Products
- Personal Care Products
- Books
- Home Furnishing Products
- Apparel Products
- Electronics Products
- Automotive Products
- Others
By Location
- International
- Domestic
o Urban
o Semi-Urban
o Rural
Latin America e-commerce logistics Report Segment by Country
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Latin American e-commerce logistics market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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