Market Size of China Domestic Courier, Express, and Parcel (CEP) Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Domestic Courier, Express & Parcel Market Analysis
The Chinese courier, express, and parcel (CEP) market is expected to record a CAGR of over 8% during the forecast period 2022-2027.
Due to the COVID-19 pandemic, several express firms in China were unable to operate regularly from January to February 2020. The transportation restriction of express companies reverted to normal at the beginning of March 2020. Significant corporate organizations have become prepared to fight the COVID-19 pandemic's detrimental impact. For example, in the first quarter of 2020, SF Express sold 1.7 billion express tickets. The organization's sales revenue increased to USD 4.8 billion.
China remains the Parcel Shipping Index's powerhouse. In 2020, China shipped more than 83 billion parcels, increasing 31% from 64 billion in 2019. This equated to 2643 parcels each second or approximately 228 million per day.
The rise of e-commerce platforms like Alibaba has been one of the key factors in the development of the courier, express, and parcel (CEP) sector in China even before the boost provided by the COVID-19 pandemic.
