Insights into the growth of Brazilian eCommerce with payment methods, target audiences, marketing, social media, economy and logistics all profiled
Brazil is home to 207.65 million people with a total GDP of 3.2 trillion USD and is ranked as the 8th richest country, according to the World Bank GDP per capita rankings. Brazil's GDP per capita is currently 7,495 USD and expected to reach 8,567 USD by 2021.
Digital User Insights
There are currently 66.4 million eCommerce users in Brazil, with an additional 28.2 million users expected to be shopping online by 2021. Four years from now, these 94.6 million eCommerce users will spend an average of 307 USD online.
Dividing internet usage into age groups gives a better picture of the Brazilian eCommerce market – 92% of 16-24 year-olds, 92% of 25-34 year-olds, and 94% of 35-44 year-olds log on daily. The older generations also log on regularly with 45-54 year-olds and over 55s showing a 79% and 81% daily penetration rate, respectively.
Total Brazilian eCommerce revenue across all product categories is 18.7 billion USD, and is expected to grow to 29 billion USD by 2021. Fashion is currently the leading product category in Brazil, accounting for 6.36 billion USD market share, followed by Electronics and Media, which generates 5.16 billion USD in sales.
By 2021, Fashion will still be the most purchased online category, with a value of 10 billion USD, and second favorite, Electronics and Media, is expected to be worth 7.8 billion USD.
Where does Brazil buy from?
China supplies Brazil with 30 billion USD in imports – ranging from petroleum to cars. Brazil's other key import partners are the US (26.4 billion USD), Germany (10.5 billion USD), Argentina (10.1 billion USD) and South Korea (5.47 billion USD).
Internet and Device Usage
Internet penetration in Brazil is currently 58.3%, and should reach 61.3% by 2021. Smartphone penetration is substantially less (31.1%), but is projected to grow to 39.9% in the next four years.
83% of online shoppers in Brazil shop online via desktop, a stark contrast to the amount of smartphone (8%) and tablet (4%) shoppers.