Latin America Customs Brokerage Market Trends

Statistics for the 2023 & 2024 Latin America Customs Brokerage market trends, created by Mordor Intelligence™ Industry Reports. Latin America Customs Brokerage trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of Latin America Customs Brokerage Industry

This section covers the major market trends shaping the Latin America Customs Brokerage Market according to our research experts:

Increase in Ocean Freight

Maritime logistics can be considered the backbone of the trade, as it transports around 84% of the volumes traded worldwide and almost 70% of the global trade value. Hence, ports play a significant role in ensuring the wide distribution of goods through supply chains, including those considered essential, such as food and medical supplies.

A significant amount of time is taken by in-country customs and customs brokers to sort goods. As a result, inventory builds up, and customs costs can be excessively high, leaving customers frustrated when materials often take too long to arrive.

Latin America customs brokerage market - Container Port Cargo throughput in Latin America

Growing demand in retail sector

International e-commerce is helping lead the growth in the retail sector. Global cross-border e-commerce is projected to account for one-fifth of all online retail sales by 2022. Retailers are able to expand to new markets and reach new customers in developing regions like Latin America and Africa.

In Latin America, an increasing number of people have access to the internet due to mobile phones. This is driving the expansion of e-commerce in the region. Though Latin America is a smaller market than North America or Europe, online sales in this region are expected to grow by over 19% in the next five years.

Latin Americans are showing a willingness to shop internationally online. In 2022, nearly 65% of all Latin American consumers purchased from an overseas retailer.

Latin America Customs Brokerage Market - Retail Sales Value in Latin America

Latin America Customs Brokerage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)