E-commerce in Brazil, like many other Internet activities in that country, is maturing quickly.
Between the first half of 2005 and 2008, e-commerce revenues as reported in
e-bit's "Web
Shoppers" study nearly quadrupled to reach BRL3.8 billion ($2.2 billion).
According to Valor Economico,
in 2007 alone the market expanded by 43%. In terms of the number of
individuals buying online, the figures are almost as dramatic, with 2.6
million buyers in 2003 rising to 9.5 million in 2007.