Market Size of indonesia 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 7.25 Billion |
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Market Size (2030) | USD 11.15 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 7.45 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Indonesia Courier, Express, and Parcel (CEP) Market Analysis
The Indonesia Courier, Express, and Parcel (CEP) Market size is estimated at 7.25 billion USD in 2024, and is expected to reach 11.15 billion USD by 2030, growing at a CAGR of 7.45% during the forecast period (2024-2030).
7.25 Billion
Market Size in 2024 (USD)
11.15 Billion
Market Size in 2030 (USD)
6.45 %
CAGR (2017-2023)
7.45 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
8.58 %
Projected CAGR, Express, 2024-2030
The increasing demand for express deliveries is majorly facilitated via expansions by creating smart warehouses network and raising funding.
Fastest Growing Market by Model
9.68 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
The B2C segment's growth is driven by e-commerce, wherein B2C transactions dominate the e-commerce market and have witnessed significant growth over the years.
Largest Market by Shipment Weight
74.10 %
value share, Light Weight Shipments, 2023
Online orders for groceries, fresh produce, and organic groceries are the major demand generators for the lightweight shipment segment.
Largest Market by End User Industry
35.13 %
value share, E-Commerce, 2023
Major e-commerce players primarily selling goods like electronics are driving delivery demand in the country.
First Leading Market Player
20.40 %
market share, J&T Express, 2022
J&T Express has 4,600 operating points and over 47,000 employees in Indonesia. It also has 2,500 operational fleets.
Increasing demand from multiple end-user segments generating CEP demand
- E-commerce has been a major driver for domestic and international CEP demand in Indonesia. For instance, electronics, toys, hobby, & DIY , fashion and personal and household care products delivery demand contributed significantly to the CEP market growth. With e-commerce expected to touch USD 67.30 billion by 2027, the CEP demand and volume are also expected to grow significantly.
- B2B drives the demand in the CEP market, and B2B spending represented 87.5% of total demand in 2021. The total number of companies operating in the market increased in 2021 to 120,080. The costs of the industry increase by 10.8% in 2021, largely driven by rising labor costs. The industry’s profitability increases and stands at 51.5% of turnover in 2021, the third highest regionally. As of 2021, the domestic segment of the courier, express, and parcel market had a larger contribution, when compared to the international segment.
- Some major e-commerce players alone generated significant CEP demand in 2022. For instance, the largest player in the Indonesian e-commerce market in 2022 was jd.id. The store generated a revenue of USD 1,810.7 million in 2022. It was followed by blibli.com and shopee.co.id as the second and third-largest stores, with USD 697.4 million and USD 386.5 million, respectively. Collectively, these top 3 stores accounted for 66.4% of the top 100 online stores' revenue in Indonesia. In alignment with this growth, Indonesian courier services startup J&T Global Express planned to raise up to HK$3.92 billion (USD 500.97 million) in Hong Kong's second-largest initial public offering (IPO) in 2023.
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Understand The Key Trends Shaping This Market
