Market Size of china courier, express, and parcel (cep) Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 131.84 Billion |
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Market Size (2030) | USD 201.81 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 7.35 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Courier, Express, and Parcel (CEP) Market Analysis
The China Courier, Express, and Parcel (CEP) Market size is estimated at 131.84 billion USD in 2024, and is expected to reach 201.81 billion USD by 2030, growing at a CAGR of 7.35% during the forecast period (2024-2030).
131.84 Billion
Market Size in 2024 (USD)
201.81 Billion
Market Size in 2030 (USD)
6.05 %
CAGR (2017-2023)
7.35 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
7.74 %
Projected CAGR, Express, 2024-2030
Express delivery companies have stimulated economic microcirculation and set new growth avenues by developing new technologies, establishing networks, and expanding their services.
Fastest Growing Market by Model
9.56 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
E-commerce purchases of goods like electronics, fashion, and toys drive growth, wherein leading players dominate the B2C segment.
Largest Market by Shipment Weight
59.30 %
value share, Light Weight Shipments, 2023
Delivery demand generated from online shopping of groceries, pharmaceutical products, and fashion goods is mainly driving the segment's growth.
Largest Market by End User Industry
35.46 %
value share, E-Commerce, 2023
In 2022, approximately 27.2% of total retail sales in China were made online due to the steady increase in industry-driven demand for online consumption.
First Leading Market Player
18.74 %
market share, China Post, 2022
China Post provides postal express delivery and logistics services in all the major provinces within China. Its international express service reaches over 200 countries and regions in the world.
Increase in international parcel delivery services owing to cross-border e-commerce
- The value and volume of the domestic and international courier, express, and parcel delivery segments is largely driven by e-commerce, wherein 27.2% of retail sales were made online in 2022. The value of the CEP market is further expected to rise as e-commerce users are expected to reach 1.33 billion by 2027.
- There were around 16,681 courier businesses operating in the country in 2021. Historically, the domestic value of CEP delivery in China grew at a CAGR of 4.55% from 2017-2021. China's express delivery industry has grown exponentially over the past decade, largely driven by the rapid growth of online retail. Many companies are adopting different strategies to increase CEP volumes. For instance, since September 2023, Shein is sending more low-priced apparel and home goods to U.S. warehouses from China to speed up shipping times for shoppers
- In 2021, China's cross-border e-commerce import and export scale increased by 18.6% YoY as demand in various regions and countries rose post-pandemic. During the Double 11 shopping festival in 2021, parcel shipped increased exponentially. As a result, air cargo flights and the volume of domestic and international CEPs handled at airports also increased. For instance, at Shanghai Pudong International Airport, there were 17,800 inbound and outgoing cargo flights as of Q3 2022, up by around 6.6% over the same period in 2021. Between January and July of 2022, the Hangzhou Xiaoshan International Airport handled 478,000 tons of air cargo, including 78,300 tons in the international and Hong Kong, Macao, and Taiwan sectors. The amount of air cargo is further expected to rise in 2023 due to the growing domestic and cross-border e-commerce, as e-commerce user penetration is expected to reach 76.8% in 2023.
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Understand The Key Trends Shaping This Market
