Growth rates for global parcel and express volumes have been increasing sharply in recent years, reaching a 7.7 percent growth in 2021. This is an increase from only 4.3 percent in 2014.
Reasons for growth
The Asia Pacific region is the main source of the global increase of express and small package volumes. While the more developed markets of Europe and North America have experienced modest, single-digit growth over the last few year, the Asia Pacific market has experienced double digit growth for every year since at least 2012.
E-commerce in the Asia Pacific region
In turn, there are two interrelated factors behind much of the express and small package market growth in the Asia Pacific region. First is the increasing size of the middle class, most notably in China but also, to a lesser extent, in India. The second factor is the increasing prevalence of e-commerce in the region, fueled in part by the aforementioned growth of the middle class. Home to industry giants Alibaba and Tencent, e-commerce in China is expected to become a 1.5 trillion U.S. dollar market by 2025. And while the Indian e-commerce market is nowhere near as large, it is also valued in the tens of billions of U.S. dollars and growing rapidly.
Year-on-year percentage change in global parcels and express volume from 2012 to 2021
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IPC. (December 8, 2021). Year-on-year percentage change in global parcels and express volume from 2012 to 2021 [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/564130/yoy-percentage-change-in-global-parcels-and-express-volume/
IPC. "Year-on-year percentage change in global parcels and express volume from 2012 to 2021." Chart. December 8, 2021. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/564130/yoy-percentage-change-in-global-parcels-and-express-volume/
IPC. (2021). Year-on-year percentage change in global parcels and express volume from 2012 to 2021. Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/564130/yoy-percentage-change-in-global-parcels-and-express-volume/
IPC. "Year-on-year Percentage Change in Global Parcels and Express Volume from 2012 to 2021." Statista, Statista Inc., 8 Dec 2021, https://www.statista.com/statistics/564130/yoy-percentage-change-in-global-parcels-and-express-volume/
IPC, Year-on-year percentage change in global parcels and express volume from 2012 to 2021 Statista, https://www.statista.com/statistics/564130/yoy-percentage-change-in-global-parcels-and-express-volume/ (last visited November 09, 2024)
Year-on-year percentage change in global parcels and express volume from 2012 to 2021 [Graph], IPC, December 8, 2021. [Online]. Available: https://www.statista.com/statistics/564130/yoy-percentage-change-in-global-parcels-and-express-volume/