China Courier, Express, and Parcel (CEP) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

China's Courier, Express, and Parcel (CEP) Market is Segmented by Business (B2B (Business-to-Business) and B2C (Business-to-Consumer)), Destination (Domestic and International), and End-user Industries (Services (BFSI (Banking, Financial Services, and Insurance), Etc.), Wholesale and Retail Trade (E-commerce), Life Sciences/Healthcare, Industrial Manufacturing, and Other End-user Industries). The report offers market size and forecasts values in (USD billion) for all the above segments.

China CEP Market Size

China Courier, Express, and Parcel (CEP) Market Summary
Study Period: 2019 - 2028
CAGR: > 8 %

Major Players

China Courier, Express, and Parcel (CEP) Market Major Players

*Disclaimer: Major Players sorted in no particular order


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China CEP Market Analysis

China’s courier, express, and parcel (CEP) market is expected to register a CAGR of over 8% during the forecast period (2023-2028), driven by the e-commerce segment’s growth. The Chinese express parcel market may continue to grow at high double-digit rates, with international business playing a bigger role in the future.

In 2020, influenced by the flare-up of COVID-19 in China, many express organizations could not regularly work from January to February 2020. Toward the beginning of March, express organizations' transportation limit fundamentally returned to typical levels. Significant organizations in the business were increasingly ready to oppose the negative effect of COVID-19. For instance, SF Express finished 1.7 billion express tickets in the primary quarter of 2020. The sales income of the organization expanded to USD 4.8 billion.

Meanwhile, the country continuously focuses on developing CEP services by initiating the 14th five-year plan in 2022. Under this plan, China planned to develop international logistics networks, including improving the organization of China-Europe freight train services, enhancing overseas warehousing, and encouraging major logistics providers to improve their global service networks.

However, courier express delivery is witnessing significant growth in the country. In 2021, according to the State Post Bureau of China, the express delivery sector’s total sales volume amounted to more than CNY 1,033 billion (USD 152 billion), at a growth rate of 17% compared to the previous year, with international express business contributing nearly 11% to the total express delivery sales. In addition, Shanghai is one of the major cities in China, with the largest express delivery sales of CNY 170 billion (USD 25 billion), followed by Guangzhou, Shenzhen, Hangzhou, etc.

China CEP Industry Segmentation

CEP stands as an abbreviation for courier, express, and parcel services that offer logistic services in areas. The services offered differ in the speed, weight, and volume of the packages and the way of carrying out the shipment of goods. Especially, the regulations regarding weight and volume allow for vital standardization and great potential for automating the service. The report offers a complete background analysis of the Chinese courier, express, and parcel (CEP) market, including a market overview, market size estimation for critical segments, emerging trends by segment, and market dynamics. The report also offers the impact of COVID-19 on the market.

China's courier, express, and parcel (CEP) market is segmented by business (B2B (business-to-business) and B2C (business-to-consumer)), destination (domestic and international), and end-user industries (services (BFSI (banking, financial services, and insurance), Etc.), wholesale and retail trade (e-commerce), life sciences/healthcare, industrial manufacturing, and other end-user industries). The report offers market size and forecasts values in (USD billion) for all the above segments.

By Destination
By Business
B2B (Business-to-Business)
B2C (Business-to-Consumer)
By End-user Industry
Services (BFSI (Banking, Financial Services, and Insurance), Etc.)
Wholesale and Retail Trade (E-commerce)
Life Sciences/Healthcare
Industrial Manufacturing
Other End-user Industries

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China CEP Market Trends

This section covers the major market trends shaping the China CEP Market according to our research experts:

Rise in E-Commerce Sector to Boost the CEP Market in China

In 2022, e-commerce platforms witnessed significant growth in China. In addition, e-commerce platforms and couriers multiplied their supply and express channels to deliver food and other essentials to Shanghai residents during the lockdown. Shanghai authorities promised to ensure daily supplies for all 25 million residents and solve delivery problems in the city to mitigate the pandemic's impact. In addition, e-commerce platforms such as and Ele. I also assured a full supply of food to Shanghai residents.

As per, daily necessities transported to Shanghai included more than 80,000 packs of maternity and infant products such as infant formula powders and diapers, nearly 100,000 medicines and virus prevention supplies, 10 tons of mutton, etc. Along with, nearly 4,000 stores are providing online food delivery platforms in the country. These types of online platforms are driving the courier express market in the country.

Meanwhile, in October 2022, China's e-commerce drove express logistics by more than 4.9% annually. This surge was due to increased online sales during China's biggest annual online shopping festival. In addition, in 2022, as per the State Bureau of China, total shipments during the 2021 Double 11 shopping festival reached 696 million at a growth rate of 18%. The fastest recovery of China's air freight also supported this sales growth. In Q3 2022, Chinese B2C e-commerce platforms witnessed significant growth, and Tmall is one of the major platforms that made more than 63% of online retail transactions on B2C platforms, followed by, Vipshop, etc.

China Courier, Express, and Parcel (CEP) Market - Transaction Share of B2C Online Retail Market Platforms, Value in Share (%), China, Q3 2022

Increasing Investments Driving the Market

In 2022, according to the general office of the state council, China released its first five-year plan to modernize its logistics sector by the end of 2025. The plan includes promoting the digital transformation of the logistics sector, increasing the quality and efficiency of services, and enhancing businesses' competitiveness. Under this plan, China plans to promote green packaging materials, prioritize the development of cold chain logistics, and reduce energy use and emissions in the logistics sector.

This plan also includes key measures, such as improving modern logistics by fuelling the digital and smart upgrading of the transportation, delivery, storage, and packaging sectors and strengthening weak links in rural areas and cold chain logistics. However, China operates the world’s largest logistics sector and leads in terms of cargo transport volume and the number of shipments. In 2021, according to the National Development and Reform Commission (NDRC), the logistics sector’s total sales reached more than USD 1.7 trillion. The country is continuously investing in the sector to meet the growing demand for cargo shipments.

Meanwhile, the Chinese government is focusing on developing infrastructure by investing in developing the Belt and Road Initiative, which supports the country in becoming a major player in the transportation and logistics industry. In 2021, the total amount of investment and financing for the country’s logistics sector was more than CNY 180 billion (USD 26 billion), nearly an increase of three times from the previous year.

China Courier, Express, and Parcel (CEP) Market - Investments in Logistics Industry, Value in USD Billion, China, 2013-2021

China CEP Industry Overview

The report covers the major players operating in the Chinese CEP market. The market is highly competitive with a few players occupying the major share in the international CEP market. The market is expected to grow during the forecast. The major players in the Chinese CEP market are DHL, SF Express, YTO Express, and STO Express.

China CEP Market Leaders

  1. SF Express

  2. DHL

  3. STO Express

  4. China Post

  5. YTO Express

*Disclaimer: Major Players sorted in no particular order

China Courier, Express, and Parcel (CEP) Market Concentration

China CEP Market News

October 2022: Turkish Cargo (the global air cargo brand of Turkish Airlines) entered a commercial agreement with YTO Cargo Airlines, affiliated with YTO Express (an express logistics enterprise group in China), to strengthen air cargo connection between China, Central Asia, and Turkey and build additional capacity.

January 2022: Douyin partnered with ZTO Express and YTO Express (an express logistics enterprise group in China) to test express delivery services known as Yinzunda. This service aims to address issues with telephone contact numbers, door-to-door delivery issues, and poor service attitudes during traditional package delivery services.

China CEP Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study


    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases



    1. 4.1 Current Market Scenario

    2. 4.2 Insights on Technological Trends

    3. 4.3 Insights on Government Regulations

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Overview of Logistics and Warehousing Market in China

    6. 4.6 A Brief on Freight Rates in China

    7. 4.7 Spotlight on 3PL Market in China

    8. 4.8 Insights on Reverse Logistics

    9. 4.9 Impact of COVID-19 on the CEP Market


    1. 5.1 Drivers

    2. 5.2 Restraints

    3. 5.3 Opportunitites

    4. 5.4 Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Suppliers

      2. 5.4.2 Bargaining Power of Consumers/Buyers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitute Products

      5. 5.4.5 Intensity of Competitive Rivalry


    1. 6.1 By Destination

      1. 6.1.1 Domestic

      2. 6.1.2 International

    2. 6.2 By Business

      1. 6.2.1 B2B (Business-to-Business)

      2. 6.2.2 B2C (Business-to-Consumer)

    3. 6.3 By End-user Industry

      1. 6.3.1 Services (BFSI (Banking, Financial Services, and Insurance), Etc.)

      2. 6.3.2 Wholesale and Retail Trade (E-commerce)

      3. 6.3.3 Life Sciences/Healthcare

      4. 6.3.4 Industrial Manufacturing

      5. 6.3.5 Other End-user Industries


    1. 7.1 Overview (Market Concentration and Major Players)

    2. 7.2 Company Profiles

      1. 7.2.1 SF Express

      2. 7.2.2 YTO Express

      3. 7.2.3 STO Express

      4. 7.2.4 ZTO Express

      5. 7.2.5 China Post

      6. 7.2.6 Yunda Express

      7. 7.2.7 Best Express

      8. 7.2.8 DHL

      9. 7.2.9 FedEx

      10. 7.2.10 United Parcel Service Inc.*

    3. *List Not Exhaustive

  9. 9. APPENDIX

    1. 9.1 Marcroeconomic Indicators (GDP Breakdown by Sector, Contribution of Construction to Economy, Etc.)

    2. 9.2 Insights on Capital Flows (Investments in the Transport and Storage Sector)

    3. 9.3 E-commerce and Consumer Spending-related Statistics

    4. 9.4 External Trade Statistics - Export and Import, by Product and Country

    5. 9.5 Demographics of China (Total Population, Population Breakdown by Age, Gender, City/Region, Etc.)

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China CEP Market Research FAQs

The China Courier, Express, and Parcel (CEP) Market is studied from 2019 - 2028.

The China Courier, Express, and Parcel (CEP) Market is growing at a CAGR of >8% over the next 5 years.

SF Express, DHL, STO Express, China Post, YTO Express are the major companies operating in China Courier, Express, and Parcel (CEP) Market.

China Courier, Express, and Parcel (CEP) Industry Report

Statistics for the 2023 China Courier, Express, and Parcel (CEP) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Courier, Express, and Parcel (CEP) analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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