SOUTH AMERICA FREIGHT AND LOGISTICS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2029

 Analysis of the South American Freight and Logistics Market

The forecasted CAGR for the South American goods and logistics market is 4.45%.

The fastest-growing mode of transportation is rail, which is primarily fueled by Chile's USD 5 billion investment in railway infrastructure and Argentina's robust 38,326 km rail network.

The most common type of destination is domestic: The key factors influencing the domestic growth of the industry in South America are Brazil's e-commerce market, estimated to be worth USD 41 billion in 2021, and the online food delivery market, estimated to be worth USD 3.17 billion.

The largest country is Brazil, where alcoholic beverages, processed foods, and manufactured goods account for the majority of the country's goods volume, which climbed by 6% YoY in 2021.
The largest end-use sector is manufacturing, which in 2022 accounted for 11.6% of GDP thanks to Argentina's automotive industry and its 27.8% YoY growth in automobile production.

Temperature Controlled is the fastest-growing temperature control: During the COVID-19 pandemic, there was a rise in demand for online delivery of processed fresh and frozen goods as well as medicinal supplies, which resulted in an 8.64% increase in category revenue in 2021.

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