Malaysia Courier, Express, and Parcel (CEP) Market Trends

Statistics for the 2023 & 2024 Malaysia Courier, Express, and Parcel (CEP) market trends, created by Mordor Intelligence™ Industry Reports. Malaysia Courier, Express, and Parcel (CEP) trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

INSTANT ACCESS

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of malaysia courier, express, and parcel (cep) Industry

Malaysia's transportation and storage sector experienced 33.42% YoY growth in 2022, despite USD 7.25 million FDI deficit

  • The transportation sector in Malaysia is integral to the nation's socio-economic progress. Transportation and storage in Malaysia experienced significant growth, jumping from 2.60% YoY in 2021 to a remarkable 33.42% YoY in 2022. This surge was driven by rising demand for road transportation, mainly from the manufacturing sector, fast-moving consumer goods (FMCG) companies, and automotive players, as major companies in Malaysia expanded their production capacities. In 2022, the transportation and storage, In 2022, there was a deficit of about MYR 32 million (USD 7.25 million) in net foreign direct investment inflows into the transportation and storage sectors in Malaysia. Foreign direct investment.
  • The Malaysian government intends to transform its logistics services by centralizing the planning and development of its logistics hub, accelerating digital adoption, and encouraging industry mergers and acquisitions. Malaysian Investment Development Authority (MIDA) has approved more than 19 projects under the cold chain investment incentive scheme Throughout the years.
  • The MRT3 is the last critical route to complete the Kuala Lumpur urban rail network; the line is 50.8 km long and runs around Kuala Lumpur's outskirts. Its construction is expected to begin in early 2023 and is slated for full completion by 2030, while operations for the first phase are anticipated to commence in 2028. Through the ECRL, a double-track railway linking infrastructure project, which includes 20 stations, began in 2017, with 14 passenger stations, five combined passenger and freight stations, and one freight station.
Malaysia Courier, Express, and Parcel (CEP) Market

To meet the demand for refined petroleum products, Petronas invested USD 20 billion in the 'RAPID' project in Malaysia

  • In Malaysia, a liter of diesel cost USD 0.49 in the second week of August 2021, while super unleaded petrol cost USD 0.48. In 2021, the GOM spent MYR 4.30 billion (USD 0.97 billion) and MYR 2.9 billion (USD 0.65 billion) on gasoline and diesel subsidies. The GOM introduced the biodiesel mandate to reduce the impact of high petroleum prices and subsidy spending.
  • Petrol and diesel prices are subsidized in the country, with MYR 95 fixed at USD 0.46 and diesel at USD 0.47, while the price of MYR 97 is floating at USD 0.76 a liter. The Brent Crude Oil contract for May 2022 delivery was trading at USD 128 (MYR 536.32) a barrel, with prices of commodities rallying on bullish demand-supply fundamentals in the past few months and further. Refined petroleum products, which accounted for 12.7% of total exports, expanded by MYR 10.7 billion (USD 2.42 billion) to MYR 18.6 billion (USD 4.21 billion) in line with the increase in average export volume (+45.1%) boosted by the Russia-Ukraine War. Rising energy prices will reinforce the growth slowdowns in developed economies, pressuring Asian export growth in 2022.
  • As part of Malaysia's goal to construct the oil refining and storage hub to meet the domestic demand for refined petroleum products, Petronas has invested about USD 20 billion in the Refining and Petrochemicals Integrated Development Project (RAPID) in Johor. At the same time, an investment of nearly USD 11 billion was made for associated facilities. The project has a nameplate capacity of 279,000 bpd and is expected to be fully commissioned by the end of 2023. The RAPID facility will be the country's first refinery to produce diesel and gasoline that meet the Euro V standard, which lowers carbon dioxide emission levels.
Malaysia Courier, Express, and Parcel (CEP) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Malaysia's private consumption increased by 7.2% in 2022, propelled by a rise in retail growth and e-commerce
  • The oil and gas industry and manufacturing are the major industries contributing to GDP growth
  • E-commerce is projected to register a CAGR of 13.26% during 2023-27, fueled by rising internet and smartphone use
  • Malaysia anticipates exports of electrical and electronic components to generate USD 112.22 billion by 2025, fueled by high investments in the manufacturing sector
  • Malaysia ranked 26th in the Logistic Performance Index in 2023, due to enhanced infrastructure and freight volumes
  • Malaysia rolls out the New Industrial Master Plan 2030 to stimulate development of manufacturing sector
  • Malaysia's PPI and CPI are increasing due to rising input and output costs, material shortages, and increasing energy and fuel price fluctuations
  • The manufacturing industry grew by 15.7% YoY in 2022, led by the electrical and electronic products subsegment
  • Intermediate goods accounted for more than 50% of import share of Malaysia in 2022, driven by increased demand for primary fuel and lubricants
  • Malaysia invests USD 20.43 billion in 7,615 infrastructure projects, focusing on rural development and economic growth

Malaysia Courier, Express, and Parcel (CEP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030