e-Commerce Market Analysis

The eCommerce market in Chile

Chile is the 32nd largest market for eCommerce with a revenue of US$4 billion in 2019, placing it ahead of Argentina and behind Colombia.

With an increase of 21%, the Chilean eCommerce market contributed to the worldwide growth rate of 16% in 2019. Revenues for eCommerce continue to increase. New markets are emerging, and existing markets also have the potential for further development. Global growth will continue over the next few years. This will be propelled by East and Southeast Asia, with their expanding middle class and lagging offline shopping infrastructure.

The eCommerce market includes online sales of physical goods to a private end user (B2C). Included in this definition are purchases via computer as well as mobile purchases via smartphones and tablets. Excluded from the definition of ecommerceDB are the following: digitally distributed services (e.g., travel tickets), online stores dedicated to digital media downloads or streams, online stores dedicated to B2B markets, and sales between private individuals (C2C) within the eCommerce market.

The eCommerce market in Chile

Top online stores

The biggest player in the Chilean eCommerce Market is falabella.com. The store had a revenue of US$550 million in 2019. It is followed by paris.cl with US$267 million revenue and ripley.cl with US$209 million revenue. Altogether, the top three stores account for 25% of online revenue in in Chile.

Store rankings are based on every store that generates revenue in in Chile. 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 in Chile was considered.

One of the fastest-growing stores in the Chilean market is funidelia.cl. The store achieved sales of about US$2.8 million in 2019. Its revenue growth amounted to 105% in the previous year.

Top online The eCommerce market stores in Chile by eCommerce net sales 2019 in million US$ The table shows the stores that generate the highest revenue in the Chilean market. For this evaluation, only revenue created in in Chile was considered. Basis are all shops on eCommerceDB that operate in in Chile.

# Store
1. falabella.com US$550m
2. paris.cl US$267m
3. ripley.cl US$209m
4. lider.cl US$201m
5. easy.cl US$130m
The eCommerce market in Chile

Market size and growth rate

Revenue in 2019
US$4,030m
REVENUE
CAGR 2019-2023
15%
CAGR

Digital Market Outlook by Statista

The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
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Market expansion in in Chile is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 19-23) for the next four years will be 15%. Compared to the year-over-year growth of 21%, this decrease suggests a moderately flooded market. Another indicator of market saturation is the online penetration of 55% in in Chile; in other words, 55% of the Chilean population have bought at least one product online in 2019.

Five categories are considered by ecommerceDB. Toys, Hobby & DIY is the largest segment in in Chile and accounts for 29% of the eCommerce revenue in in Chile. This is followed by Furniture & Appliances with 24%, Electronics & Media with 23%, Fashion with 19% and Food & Personal Care with the remaining 5%.

The eCommerce market in Chile

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