Latin America Logistics Market Forecasted to Grow from USD 347.7 Billion in 2024 to USD 577.5 Billion by 2033

Latin America Logistics Market Overview in 2025

Market Size in 2024: USD 347.7 Billion
Market Forecast in 2033: USD 577.5 Billion
Market Growth Rate 2025-2033: 5.3%

The Latin America logistics market reached USD 347.7 Billion in 2024 and is projected to grow steadily, reaching USD 577.5 Billion by 2033. This expansion reflects a compound annual growth rate of 5.3% between 2025 and 2033, driven by strong economic activity, e-commerce growth, and infrastructure development across the region.

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Growth Drivers of the Latin America Logistics Market

Expansion of E-Commerce and Digital Payments

E-commerce is changing the logistics market within the region, with Brazil, Mexico and Colombia having some of the largest growth rates due to higher numbers of smartphone users and digital payment options. According to the Brazilian Electronic Commerce Association, Brazilian online trade increased in 2022 by over 18%. Further, millions of new consumers have joined the digital economy, increasing demand for last mile, fulfillment centers for all commerce sectors, and real-time tracking. To meet this demand, logistics providers are automating and optimizing their transportation networks for improved speed and reliability.

Trade Liberalization and Regional Integration

A growing network of free trade areas in Latin America and the Caribbean increases the demand for logistics as these trade deals reduce tariffs and help ease cross-border trade including the USMCA and Mercosur-EU deal. The US-Mexico trade relationship, for example, is one of the largest bilateral trade flows within the world, amounting to more than USD 779 billion in 2022. Customs process improvements and multimodal transport corridor creation shorten clearance times. Logistics providers are also extending cross-border trucking and rail services, shortening transportation times thereby. These changes are making the logistics environment within Latin America more competitive for its role in global supply chains.

Nearshoring and Industrial Growth in Mexico

The nearshoring trend resulted in rapid growth in logistics throughout Latin America, and especially Mexico, where the border with the United States encouraged more and more manufacturers to consider nearshoring as a way to reduce supply chain risk and costs. According to Mexico's Ministry of Economy, in 2023, Foreign Direct Investment (FDI) inflows in the manufacturing sector increased by 12% and went mainly to northern Mexico states bordering the US, creating additional demand for industrial property, warehousing and cross-border logistics services across that region. Improvements to rail and trucking infrastructure further strengthen Mexico's position as a logistics bridge between North and Latin America.

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Latin America Logistics Market Segmentation

Analysis by Model Type
• 2 PL
• 3 PL
• 4 PL

Analysis by Transportation Mode
• Roadways
• Seaways
• Railways
• Airways

Analysis by End Use
• Manufacturing
• Consumer Goods
• Retail
• Food and Beverages
• IT Hardware
• Healthcare
• Chemicals
• Construction
• Automotive
• Telecom
• Oil and Gas
• Others

Analysis by Country
• Brazil
• Mexico
• Argentina
• Colombia
• Chile
• Peru
• Others

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Latin America Logistics Market News
• In July 2025, DP World opened a new freight forwarding office in Mexico City, expanding its logistics footprint across Latin America.
• In May 2025, CEVA Logistics launched a new deep-sea car carrier trade lane connecting the Far East with Central and South America.
• Governments in Brazil and Chile announced new infrastructure investments to modernize ports and rail networks, enhancing logistics efficiency.
• Mexico's nearshoring boom continues to attract global manufacturers, driving demand for warehousing and cross-border logistics services.
• Logistics startups in Colombia are leveraging AI and digital platforms to improve last-mile delivery and urban freight management.

Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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