Spotlight

Mercado Libre Forecast 2022

Multibillion-Dollar Investments Will Push Retail Ecommerce Sales to Nearly $35 Billion

Report by Matteo Ceurvels  | Aug 16, 2022
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Table of Contents
Executive Summary
Mercado Libre Doubles Down on Investments Amid Growing Competition
Looking Ahead
Read Next
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Sources
Media Gallery
About This Report
In Latin America, Mercado Libre is reaping the benefits from consumers’ embrace of ecommerce. This year, we expect its regional ecommerce business will grow by 23.0% to nearly $35 billion, representing more than $1 in $5 spent on retail ecommerce in the region.
Topics
Retail Ecommerce Sales
Latin America
Table of Contents
Executive Summary
Mercado Libre Doubles Down on Investments Amid Growing Competition
Looking Ahead
Read Next
Listen Next
Sources
Media Gallery

Executive Summary

Mercado Libre is Latin America’s dominant retail ecommerce player. Although the ecommerce giant faces intense competition from other local players, multibillion-dollar investments will help the company grow and maintain its market share.

Key Question: How are Mercado Libre’s retail ecommerce sales expected to fare over the next year?

Mercado Libre Retail Ecommerce Sales in Latin America, 2017-2023 (billions, % change, and % of total LATAM retail ecommerce sales)
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KEY STAT: Mercado Libre’s retail ecommerce business continues to grow significantly in Latin America. It will account for more than one-fifth of total online consumer spending in the region this year.

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Table of Contents

  1. Executive Summary
  2. Mercado Libre Doubles Down on Investments Amid Growing Competition
  3. Looking Ahead
  1. Read Next
  2. Listen Next
  3. Sources
  1. Media Gallery

Charts in This Report

Mercado Libre Retail Ecommerce Sales in Latin America, 2017-2023 (billions, % change, and % of total LATAM retail ecommerce sales)Mercado Libre Retail Ecommerce Sales Share in Latin America, by Country, 2017-2023 (% of total and billions)
Mercado Libre Retail Ecommerce Sales Share in Select Countries in Latin America, 2019-2023 (% of total retail ecommerce sales)

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authors

Matteo Ceurvels

Contributors

Paola Flores-Marquez
Researcher, Latin America & Spain
Zach Goldner
Junior Forecasting Analyst
Debra Aho Williamson
Principal Analyst