DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d9gjtq/latin_america_b2c) has announced the addition of the "Latin America B2C E-Commerce Report 2013" report to their offering.
B2C E-Commerce growing rapidly in Latin America
The recent ""Latin America B2C E-Commerce Report 2013"" provides information about consumer purchases of goods and services online in Latin America. Total regional B2C E-Commerce sales in Latin America was close to EUR 30 billion in 2012, with a double-digit growth expected this year and further growth projected in the period for the next several years.
Latin American B2C E-Commerce fuelled by emerging middle class and growing Internet use
This new report reveals that the middle class in Latin America has grown significantly in the last decade. The rising middle class has grasped the Internet as a connection to the world - Latin America is the leading region worldwide in Internet usage growth, with an increase of over 10% in March of this year compared to a year ago. The Latin American region is expected to rank fifth out of five world regions in B2C E-Commerce sales this year, but by 2017 it is forecast to rise to fourth place in total sales, passing Central and Eastern Europe in terms of market share.
Brazil is the largest market in the region
There were over 40 million online shoppers in Brazil in H1 2013, with the number expected to top half a hundred millions by the end of 2013. The B2C E-Commerce market grew by a two-digit percentage in 2012, with higher growth expected in 2013, to reach a small two-digit number in EUR billion. Internet penetration encourages further growth of E-Commerce; over half of the population is expected to be covered by Internet access by the end of this year. Price comparison websites were popular among internet users, with the highest ranking site having more visitors than the sites of top retailers. The leading product category among purchasers in Brazilian B2C E-Commerce in 2012 was household appliances, however, in the first half of this year fashion and accessories went to the forefront in sales.
Among the noticeable trends on the growing B2C E-Commerce market in Brazil are M-Commerce and cross-border shopping. In the first half 2013, the mobile channel almost tripled its share on total B2C E-Commerce sales, and the penetration of smartphones and tablets continues. Moreover, cross-border online shopping was popular in Brazil. The most purchased product categories in cross-border B2C E-Commerce in 12 months to July 2013 were computer hardware and personal electronics; the most popular countries to shop from were the USA and China. Regarding delivery options, over half of the B2C E-Commerce orders placed in 2012 were with free delivery. Of the payment methods, credit card was the most used, followed by Boleto Bancario, a local interbank payment system.
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