China International Courier, Express, and Parcel (CEP) Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The China International Courier, Express, and Parcel (CEP) Market is Segmented By Business Model (Business-to-Business (B2B), Business-to-Consumer (B2C), and Customer-to-Customer (C2C)), By Type (E-commerce and Non-e-commerce), and By End User (Services, Wholesale and Retail Trade, Healthcare, Industrial Manufacturing, and Other End Users). The report offers China International Courier, Express, and Parcel (CEP) Market size and forecast in value (USD billion) for all the above segments.

China International Courier, Express, And Parcel (CEP) Market Size

China International Courier, Express, And Parcel (CEP) Market Summary
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Study Period 2019 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR > 8.00 %
Market Concentration Low

Major Players

China International Courier, Express, And Parcel (CEP) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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China International Courier, Express, And Parcel (CEP) Market Analysis

  • The Chinese International Courier, Express, and Parcel (CEP) market is valued at USD 67.5 Billion and is estimated to record a CAGR of more than 8% during the forecast period. Every industry in China has been impacted by the pandemic. It has, however, sped up online shopping, which directly benefits the expansion of the Chinese international CEP sector. Due to social segregation efforts, parcel delivery volumes rose during the pandemic. In China, last-mile delivery is undergoing a significant transition as businesses consider alternatives including delivery lockers, pickup stations, crowdsourcing deliveries, drone deliveries, and autonomous cars. The entire supply chain is being transformed by technological advancement, and China's parcel sector is being completely reimagined. Growing efficiency and meeting customer expectations depend more on technology.
  • Digitalization has had a significant impact on the market. With the rise of ecommerce, the number of delivered parcels in China more than doubled in the past 10 years. Growth in the e-commerce sector, rising cross-border trade, technological advancements, and crowdsourced delivery models are driving the growth of the Chinese international CEP market.
  • China's express delivery industry is showing rapid growth due to the increasing popularity of e-commerce and the mushrooming local logistics networks, empowered by new digital tools. The sector has strong growth potential, as the demand for delivery services is boosting the market. The courier industry has recorded rapid growth over the past five years, benefiting from China's strong economic performance and growing e-commerce expansion.

China International Courier, Express, And Parcel (CEP) Market Trends

Rising E-commerce Sector to Boost the International CEP Market in China

China's retail e-commerce market has been the largest in the world since 2013. 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.

As per JD.com, 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 JD.com, nearly 4,000 stores are providing online food delivery platforms in the country. These online platforms drive 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 JD.com, Vipshop, etc.

In addition, China has the most online buyers and sellers, as it is the world's most populous nation. Its largest e-commerce platform, Alibaba's Taobao, has 4.5 million active sellers in the country. Over 90% of e-commerce sales in China are done through mobile devices.

E-commerce growth in China is driven by tier 3 and 4 cities. Rural China saw significant growth as emerging middle-income group consumers with limited access to physical retail outlets turned to e-commerce. Although the COVID-19 crisis has led to a slump in overall consumer spending, it has increased e-commerce purchases.

Moreover, total retail sales of consumer goods are driven by e-commerce. In 2021, the e-commerce share in retail sales accounted for more than 24.5%, driven by strong growth in online purchases of physical goods.

China International Courier, Express, And Parcel (CEP) Market: Total Retail Sales of Consumer Goods, In Yuan Trillion, China, 2012-2022

Increasing Volume of Parcel Shipments in China

Along with the ever-increasing use and distribution of mobile devices, shopping on smartphones or tablets has become a new norm for Chinese internet users. Apart from technology upgrades, the rise of small-town and rural residents' purchasing power has also reshuffled the online retail landscape in China. Due to the increase in e-commerce, there is an increase in the number of parcels in China.

According to State Post Bureau figures, China's courier industry delivered more than 100 billion items in December. This arduous accomplishment demonstrated both the tenacity of the Chinese courier sector and the results of China's synchronisation of COVID-19 policy with economic and social development.

Over 4.3 billion parcels were collected nationally in the first 12 days of December, increasing 5.6 per cent from the same period last year. China has a sizable express delivery network with 410,000 service stations and a total mileage of 43 million kilometres. It provides daily service to close to 700 million people.

Since this year, the courier sector has been under extreme pressure due to the COVID-19 pandemic. Relevant departments adopted a number of measures to ensure uninterrupted logistics, including the removal of all temporary checks at motorway entrances and exits, the establishment of a whitelist mechanism, and the start of real-time monitoring.

Additionally, businesses in the courier sector actively worked to guarantee the express delivery network operated without hiccups by rerouting delivery routes and setting up emergency response systems.

China International Courier, Express, And Parcel (CEP) Market: Number of Parcels Sent, Volume in Million, China, From 2012 to 2022

China International Courier, Express, And Parcel (CEP) Industry Overview

The market is fragmented and is expected to grow during the forecast period. The market is highly competitive, with a few players occupying the major share in the international CEP market. The continuous price war within China's international CEP market has harmed the profitability of express delivery firms to some extent. Some of the major players are Shenzhen SF Taisen Holdings (Group) Co. Ltd, Sure Express Co. Ltd, China Postal Express & Logistics Co. Ltd, Deppon Logistics Co. Ltd, and Sto Express Co. Ltd.

China International Courier, Express, And Parcel (CEP) Market Leaders

  1. China Postal Express & Logistics Co. Ltd

  2. STO Express Co. Ltd

  3. Shenzhen SF Taisen Holdings (Group) Co. Ltd

  4. Seino Super Express

  5. YTO Express Group Co. Ltd

*Disclaimer: Major Players sorted in no particular order

China International Courier, Express, And Parcel (CEP) Market Concentration

China International Courier, Express, And Parcel (CEP) Market News

  • May 2023: J&T Express, an Indonesia-based courier startup, announced that it would pay RMB1.183 billion (USD 170.09 million) to acquire Shenzhen Fengwang Information Technology Co., Ltd., the owner of Chinese e-commerce logistics provider Shenzhen Fengwang Express Co., Ltd. (Fengwang Express). According to a statement released by J&T Express, the company has signed a share transfer agreement with Shenzhen Fengwang Holdings Co., Ltd. (Fengwang Holdings), a division of S.F. Holding Co., Ltd. The capabilities of J&T Express' integrated service will be improved by this acquisition.
  • July 2022: A new FedEx South China Operations Centre will be established at FedEx Express' Asia Pacific Hub at Guangzhou Baiyun International Airport as part of a deal that the company and Guangdong Airport Authority Logistics Company have inked to enhance and extend the FedEx Guangzhou Gateway. It is anticipated that the new FedEx South China Operations Centre, which would more than treble the size of the present Guangzhou Gateway, will start operations in 2027. Through the Asia Pacific Hub, the facility will link outbound goods from clients in southern China with the FedEx global network. Additionally, it will accept and prepare incoming shipments that arrive at the Hub for distribution to nearby clients. The Centre will have operating spaces, a warehouse, and state-of-the-art sorting technologies. Up to 25,000 goods and papers may be sorted there every hour, which is three times as quickly as the present facility. To create a sustainable working environment, FedEx will also include cutting-edge technology and sustainability into the facility's architecture.

China International CEP Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Technological Trends and Automation

    3. 4.3 Government Regulations

    4. 4.4 Overview of the Logistics and Warehousing Market

    5. 4.5 Spotlight on Cross-border Transportation in China

    6. 4.6 Brief on Freight Forwarding Market

    7. 4.7 Value Chain/Supply Chain Analysis

    8. 4.8 Elaboration on Storage Functions and Value-added Services in CEP Business

    9. 4.9 Spotlight on E-commerce Sector

    10. 4.10 Impact of COVID-19 on the CEP Market (Short-term and Long-term Impact on the Market and on the Economy)

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rising E-commerce Sector to Boost the International CEP Market in China

      2. 5.1.2 Increasing Volume of Parcel Shipments in China

    2. 5.2 Market Restraints/Challenges

      1. 5.2.1 Poor infrastructure and higher logistics costs

      2. 5.2.2 Lack of control of manufacturers on logistics services

    3. 5.3 Market Opportunities

      1. 5.3.1 Rise in International Trade and B2C shipments

      2. 5.3.2 Rapid Urbanization Boosting the growth of the Market

    4. 5.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.4.1 Threat of New Entrants

      2. 5.4.2 Bargaining Power of Buyers/Consumers

      3. 5.4.3 Bargaining Power of Suppliers

      4. 5.4.4 Threat of Substitute Products

      5. 5.4.5 Intensity of Competitive Rivalry

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Business

      1. 6.1.1 Business-to-Business (B2B)

      2. 6.1.2 Business-to-Consumer (B2C)

      3. 6.1.3 Customer-to-Customer (C2C)

    2. 6.2 By Type

      1. 6.2.1 E-commerce

      2. 6.2.2 Non-e-commerce

    3. 6.3 By End User

      1. 6.3.1 Services

      2. 6.3.2 Wholesale and Retail Trade

      3. 6.3.3 Healthcare

      4. 6.3.4 Industrial Manufacturing

      5. 6.3.5 Other End Users

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Overview (Market Concentration and Major Players)

    2. 7.2 Company Profiles

      1. 7.2.1 China Postal Express & Logistics Co. Ltd

      2. 7.2.2 STO Express Co. Ltd

      3. 7.2.3 Shenzhen SF Taisen Holdings (Group) Co. Ltd

      4. 7.2.4 Seino Super Express

      5. 7.2.5 YTO Express Group Co. Ltd

      6. 7.2.6 ZTO Express

      7. 7.2.7 STO Express Co. Ltd

      8. 7.2.8 Kerry EAS Logistics Ltd

      9. 7.2.9 FedEx

      10. 7.2.10 Guangzhou Shenzhen Yuanfeihang Logistics Co. Ltd*

    3. *List Not Exhaustive
  8. 8. FUTURE OF THE MARKET

  9. 9. APPENDIX

China International Courier, Express, And Parcel (CEP) Industry Segmentation

CEP (courier, express, and parcel) refers to a set of services that entails the delivery of various commodities and products across many places via land, air, or water. In contrast to courier and parcel services, express deliveries are frequently time-bound, with various high-value consignments arriving in a few days or at a pre-arranged date and time.

The China International Courier, Express, and Parcel (CEP) Market is Segmented By Business Model (Business-to-Business (B2B), Business-to-Consumer (B2C), and Customer-to-Customer (C2C)), By Type (E-commerce and Non-e-commerce), and By End User (Services, Wholesale and Retail Trade, Healthcare, Industrial Manufacturing, and Other End Users). The report offers China International Courier, Express, and Parcel (CEP) Market size and forecast in value (USD billion) for all the above segments.

The report offers a complete analysis of the Chinese international courier, express, and parcel (CEP) market, including a market overview, market size estimation for key segments, emerging trends by segment, and market dynamics. The report also offers the impact of COVID-19 on the market.

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China International CEP Market Research FAQs

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

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

China Postal Express & Logistics Co. Ltd, STO Express Co. Ltd, Shenzhen SF Taisen Holdings (Group) Co. Ltd, Seino Super Express, YTO Express Group Co. Ltd are the major companies operating in China International Courier, Express, And Parcel (CEP) Market.

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

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

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