Global shipping volume predicted to reach 200
billion parcels by 2025
Pitney Bowes Inc. (NYSE:PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing, data and financial services, today unveiled the Pitney
Bowes Parcel Shipping Index. The annual report discovered global
parcel volume reached 87 billion in 2018, up from 74bn parcels in
2017 and the highest since the Index began. Despite unprecedented
global trade uncertainty, the report forecasts this figure will
more than double within the next six years and reach 200 billion
parcels by 2025 with a 13.7 percent CAGR for 2019-2023.
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The Pitney Bowes Parcel Shipping Index measures both volume and
spend for business-to-business, business-to-consumer,
consumer-to-business and consumer consigned shipments with weight
up to 31.5 kg (70 lbs.) in 13 major markets, representing 3.7
billion people - U.S., Canada, Brazil, Germany, UK, France, Italy,
Norway, Sweden, China, Japan, Australia and India. Based on
proprietary and published data, the Index has been compiled
annually since 2015, and has become a valued industry
benchmark.
The latest report reveals growth of 17% in 2018, in line with
the 17-28 percent growth projection range given in previous Parcel
Shipping Index reports. On average in 2018, there were 23 parcels
shipped per person in the 13 major markets in 2018, and 2760
parcels shipped every second. Global shipping volume remains on
track to surpass 100 billion parcels in 2020 in aggregate across
the 13 countries reviewed. China remains the strongest influence on
the market with 51 billion parcels shipped in 2018. Excluding
China, parcel volume increased by 6 percent, from 34 billion in
2017 to 36 billion in 2018. Global parcel revenue remains strong,
reaching $317bn – up 13 percent since the previous year.
Key findings include:
- China’s parcel industry volumes achieved CAGR of 41 percent
from 2013-2018. Volume grew 26 percent year-over-year although this
growth has declined from the 48-61 percent growth seen from
2012-16
- United States ranks highest in the Index for parcel shipping
revenue at $119bn.
- Brazil sees the second highest year-over-year growth rate in
the Index with a 25 percent increase in year-over-year parcel
volume from 2017-18
- India is experiencing CAGR of 25% in parcel volume 2013-18 and
year-over-year growth of 21 percent
China continues to exert its influence on the global parcel
shipping market. In 2018, it extended its global lead in parcel
volume, with 26 percent year-over-year growth and a CAGR of 41
percent from 2013-18. At 51 billion, its parcel volume is more than
four times that of the United States which stands at 13 billion.
However, the United States’ parcel revenues - at $119.bn - remain
higher than China’s parcel revenues of $91bn.
Jason Dies, EVP and Vice President Sending Technology Solutions,
Pitney Bowes said, “Global parcel revenues continue to benefit from
the explosive impact of ecommerce, but it isn’t just online
shoppers boosting the industry. We know from our clients’ own
behaviors that office sending is increasing, particularly in
industries such as IT, Healthcare and Manufacturing. Carriers are
trialing new and exciting strategies to deliver the best customer
experience, to keep costs down, boost productivity and generate
profitability, such as forming partnerships, designing
next-generation sending technologies and developing last mile
innovation.”
While all countries except Japan saw steady growth in parcel
volume, the impact of emerging ecommerce markets such as Brazil and
India is strongly evident in the figures. Brazil’s year-over-year
percentage growth in parcel volume reached 25 percent in 2018 –
second only to China - as 738m parcels were shipped. This growth
comes despite the economic slowdown in Brazil, as ecommerce and
logistics partnerships help shift the market.
India also experienced high growth in parcel volumes in 2018, up
21 percent year-over-year to 2.5bn, and revenues achieving CAGR of
20 percent, boosted by rapid growth in its ecommerce market, higher
levels of disposable income and increased internet penetration.
Complementing the Shipping Index, Pitney Bowes carried out
separate research on its clients’ sending patterns and behaviors to
identify key trends across different industries. The research found
sustained growth in Enterprise sending, primarily office shipping,
across several different industries. Shipping volume generated by
the IT industry is forecast to grow at 7.5 percent CAGR to 2023,
with Wholesale B2C rising at the same CAGR of 7.5 percent to 2023.
Manufacturing shipping volume is expected to grow at 6.5 percent
CAGR, and the Healthcare industry at 3.7 percent, also to 2023.
Shipping Index Topline Trends Across Countries
- China’s Parcel Volume Quadruples that of United States:
China (51 billion), the United States (13 billion), and Japan (9
billion) represented the top three countries for parcel shipping
volume. Collectively, China, US, and Japan represented 83% of
global parcel volume in 2018.
- United States Tops Shipping Revenue: The United States
ranks highest in parcel shipping revenue at $119 billion. China
($91 billion) and Japan ($30 billion) follow.
- Japanese Parcel Volume is Declining but Revenue
Increased: Revenues generated by parcel shipments in Japan
currently stand in the top three of all 13 markets studied, despite
a slight decline in parcel volume.
Key Findings by Region
Americas (Brazil, Canada, United States)
- Brazil, parcel volume grew 25 percent year-over-year,
with volume reaching 738 million parcels – an average CAGR from
2014-18 of 12.3 percent
- Canada, parcel shipments reached 1.1bn, up 3 percent
from the year prior
- United States generated $119bn revenue in parcel
revenue, the highest of all 13 countries studied and an increase of
8 percent year-over-year. The market shipped 13bn parcels, up from
12bn in 2017.
Europe (France, Germany, Italy, Norway, Sweden and United
Kingdom)
- France saw parcel volumes reaching 1.3bn and CAGR of 5
percent from 2013-18
- Germany generated 3.5bn parcel shipments in 2018.
Germany has the largest B2B sector in Europe, comprising around 65
percent of its overall market
- Italy 865m parcels were shipped in 2018, 10 percent
growth since the previous year
- Norway saw parcel volumes increase by 9 percent since
2017. Parcel shipments reached 61m
- Sweden saw 12.5 percent growth in parcel volumes since
the previous year, reaching 127m in 2018
- United Kingdom parcel shipments generated $15.1bn in
revenue
Asia Pacific (Australia, China, India, Japan)
- Australia shipped 864 million parcels, an increase of
more than 10 percent year over year
- China’s parcel volume reached 51 billion in 2018, up
from 40 billion in 2017
- India, parcel volumes have increased steadily since 2013
to 2.5bn, with CAGR since 2013 of 25 percent – the third highest
rate of volume growth in the Index.
- Japan’s parcel shipments by volume, at 9bn, declined by
2 percent from the previous year. Revenue increased by 13 percent,
to $30bn.
View the Pitney Bowes Shipping Index interactive map and
infographic to learn more.
The Parcel Shipping Index is one example of proprietary research
conducted by Pitney Bowes on behalf of its clients to help guide
investment decisions and go-to-market strategies. Later this month,
the company will release the results of its annual Global Online
Shopping Study, a survey that tracks the online shopping behaviors
and preferences of consumers around the globe. To review the
findings of last year's survey, please visit:
https://www.pitneybowes.com/us/ecommerce-study.html
About the Pitney Bowes Parcel Shipping Index
The Pitney Bowes Parcel Shipping Index measures parcel volume
and spend for business-to-business, business-to-consumer,
consumer-to-business and consumer consigned shipments with weight
up to 31.5kg (70 pounds) across Australia, Brazil, Canada, China,
France, Germany, India, Italy, Japan, Norway, Sweden, the United
Kingdom and the United States. Population data points were sourced
from the International Monetary Fund, World Economic Outlook
Database published in October 2018. The Pitney Bowes Parcel
Shipping Index spans 13 countries and represents the parcel
shipping activity of 3.7 billion people.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; office mailing and shipping;
presort services; location data; customer information and
engagement software; services; and financing. For nearly 100 years
Pitney Bowes has been innovating and delivering technologies that
remove the complexity of getting commerce transactions precisely
right. For additional information visit Pitney Bowes, the Craftsmen
of Commerce, at www.pitneybowes.com.
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John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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