Asia-Pacific Postal Services Market Size

APAC Postal Services Market Analysis

The Asia-Pacific postal services market is expected to witness a CAGR of about 3% during the forecast period.

• In terms of postal development, the Asia-Pacific region presents an interesting case of diversity, displaying the highest degree of dispersion (approximately 73%) for postal services around the regional mean in the world. Indeed, the region includes both very strong performers, such as Singapore (10th in global ranking) and China (25th in global ranking), and smaller states toward the lower end of the global ranking, namely Papua New Guinea, Solomon Islands, and Samoa.
• The regional leader, Singapore, has managed to re-enter the top 10 list of postal services in the global ranking due to sustained high levels of reliability, as well as significant improvements in reach and resilience. By contrast, many countries in the region, especially in the Pacific, continue to struggle to raise their reliability and reach beyond the potential performer's mark.
• The Asia-Pacific postal services sector was greatly impacted by the COVID-19 outbreak. The advent of the COVID-19 pandemic shattered all postal economic prospects in the region. Although governments, businesses, and citizens have adapted to the new reality, most macroeconomic aggregates in Asia-Pacific postal services have collapsed to unprecedented levels. In this situation, and to bridge the considerable postal development gaps across the region, postal networks require investment in infrastructure, along with the provision of the necessary resources to support economic and social development in the post-pandemic context.