eCommerce market in Brazil
Market development
eCommerce revenue development in Brazil
Brazil is the 14th largest market for eCommerce with a predicted revenue of US$39,862.2 million by 2024, placing it ahead of Spain. Revenue is expected to show a compound annual growth rate (CAGR 2024-2028) of 8.9%, resulting in a projected market volume of US$56,001.9 million by 2028. With an expected increase of 9.8% in 2024, the Brazilian eCommerce market contributed to the worldwide growth rate of 10.4% in 2024. Like in Brazil, global eCommerce sales are expected to increase over the next years. Seven markets are considered by ECDB within the Brazilian eCommerce market. Electronics is the largest market and accounts for 31.9% of the Brazilian eCommerce revenue. It is followed by Fashion with 27.0%, Hobby & Leisure with 14.1%, Furniture & Homeware with 10.9%, Care Products with 6.1%, DIY with 5.4%, and Grocery with the remaining 4.6%.
eCommerce revenue development in Brazil
eCommerce revenue growth in Brazil
2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
---|---|---|---|---|---|---|---|---|
Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth (in %) | 88.5 | 70.8 | 60.0 | 68.9 | 46.5 | 64.6 | 41.5 | 1.8 |
Top stores
Top five online stores in Brazil by net sales 2023
The biggest player in the Brazilian eCommerce market is magazineluiza.com.br. The store had a revenue of US$3,764.0 million in 2023. Store rankings include every store that generates revenue in Brazil. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in Brazil was considered.
eCommerce net sales generated in Brazil in 2023
Filtered revenue / share eCommerce net sales refer to the year 2023 | Global revenue eCommerce net sales refer to the year 2023 | Growth eCommerce net sales growth refers to 2023/2022 | |
---|---|---|---|
US$900.0m 20.7% | US$8,300.0m | 8.3% | |
US$550.0m 12.0% | US$4,600.0m | 12.4% | |
US$470.0m 3.9% | US$1,190.0m | 33.6% | |
US$430.0m 20.6% | US$2,122.0m | 18.0% | |
US$370.0m 20.7% | US$1,814.0m | 12.6% |
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Payment Methods
Top 5 offered payment methods in the Brazilian eCommerce market
With 98.2% Mastercard the most commonly offered payment method of all online stores in the Brazilian eCommerce market in 2023. Like Mastercard VISA with a penetration of 98.0%, American Express with a share of 87.1%, and Elo with a share of 84.8% the payment type Cards is the most common used by online retailers in in the Brazilian eCommerce market in 2023. With a share 72.5% Boleto Bancario is the most common used payment method offered to the clients of type Cash on delivery.
Top 5 offered payment methods in the Brazilian eCommerce market
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Shipping Service Provider
Top 5 offered shipping providers in the Brazilian eCommerce market
With 92.7% of all online retailers using Correios it is the dominating shipping service provider in the Brazilian eCommerce market in 2023. jadlog follows at a distant second, utilized by 10.4% of online retailers. Other shipping service providers, including Total Express, Motoboy, and FedEx, are employed by a significantly smaller proportion of online retailers.
Top 5 offered shipping providers in the Brazilian eCommerce market
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