Online sales expected to grow 18% in 2021 after increasing 68% in 2020

The COVID-19 pandemic that led thousands of Brazilians to shop online in the face of circulation restrictions in 2020, which resulted in an increase of 68.2% in the sector’s revenues to R$126.3 billion ($23.3 bn), according to data from the Brazilian Electronic Commerce Association (Abcomm) in partnership with Neotrust|Compre&Confie. By 2021, e-commerce revenues are projected to grow 18%.

Source: Valor Investe