Market Size of nordics 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 7.22 Billion |
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Market Size (2030) | USD 9.34 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 4.37 % |
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Largest Share by Country | Sweden |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Nordics Courier, Express, and Parcel (CEP) Market Analysis
The Nordics Courier, Express, and Parcel (CEP) Market size is estimated at 7.22 billion USD in 2024, and is expected to reach 9.34 billion USD by 2030, growing at a CAGR of 4.37% during the forecast period (2024-2030).
7.22 Billion
Market Size in 2024 (USD)
9.34 Billion
Market Size in 2030 (USD)
3.20 %
CAGR (2017-2023)
4.37 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
5.05 %
Projected CAGR, Express, 2024-2030
The growing parcel volumes and tough competition in the market are leading to the growth and advancement of the express delivery segment.
Fastest Growing Market by Model
5.68 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
Sweden and Denmark are leading the B2C segment as consumers are technology savvy and qualified spenders, wherein Denmark is the biggest B2C e-commerce market across borders.
Largest Market by Shipment Weight
63.42 %
value share, Light Weight Shipments, 2023
Online orders for goods like cosmetics and medicines are driving growth and demand in the lightweight shipment segment.
Largest Market by End User Industry
42.19 %
value share, E-Commerce, 2023
The region's consumers are early internet adopters and very tech-savvy. The region is one of the most mature digital economies in the European Union, where online shopping is in high demand.
First leading Market player
28.57 %
market share, PostNord, 2022
Post Nord has more than 8,000 distribution points/service points and Collect-in-Store outlets in the Nordic region. Also, it delivered more than 210 million parcels in 2022.
Rising demand for CEP deliveries owing to e-commerce, specifically for goods like grocery, pharmaceuticals, and beauty products
- As of 2022, the courier, express, and parcel (CEP) market was growing at a robust rate, and the domestic segment of the courier, express, and parcel market had a larger contribution compared to the international segment. The key factors driving the CEP market are the e-commerce industry, both domestic and cross-border, and the surge in B2C deliveries. E-commerce is also expected to touch USD 51 billion by 2025 potentially contributing to significant growth of the CEP market.
- As of 2021, in Sweden, the total turnover of the CEP market was approximately USD 13 billion, of which B2C accounted for USD 7.2 billion, B2B accounted for USD 5.3 billion, and C2X accounted for USD 488 million. Also, a total of around 227 million traditional parcels were sent, of which 150 million were B2C parcels, 69 million were B2B parcels, and about 7.5 million were C2X parcels. PostNord is the largest player in the B2C parcels market, with a market share of 60% in terms of turnover, followed by DHL with a market share of 15% and DB Schenker, Instabox, and Budbee, each with 5-10% of the market.
- The e-commerce industry has been one of the major driving factors of the CEP market. The revenue of the e-commerce industry reached USD 37.55 billion in 2022. A significant factor driving e-commerce growth in the Nordics is the increase in regular, recurrent purchases, such as grocery, pharmaceuticals, and beauty products. These high-frequency purchases provided a permanent boost to monthly e-commerce acquisitions. As a result, the CEP market is expected to boom in the future, with the value of e-commerce projected to reach USD 55.97 billion in 2027.
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Understand The Key Trends Shaping This Market
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Nordic nations drive global e-commerce surge, sweden leads with 43% of cross-border sales
- As of 2022, cross-border online shopping has gained significant traction in Nordic countries, with over a third of online consumer orders originating from abroad. In total, these cross-border shoppers have spent approximately USD 3.81 billion on purchases from foreign websites. The region is projected to witness a substantial increase in the number of e-commerce users, reaching 21.21 million by 2027, with a user penetration rate of 74.5%. This growing user base is likely to drive a further surge in demand for international courier, express, and parcel (CEP) services.
- In 2022, the wholesale and retail trade end-user segment dominated the international CEP market, accounting for approximately 55.52% of the total revenue share. The Nordic countries are experiencing a surge in cross-border business-to-consumer (B2C) e-commerce, with Sweden leading among them, capturing 43% of the total market share for foreign B2C e-commerce. The e-commerce market in the Nordics witnessed growth from USD 45.95 billion in 2021 to USD 51.35 billion in 2022. These countries have observed a notable increase in online purchases made on foreign websites.
- The road freight transport market in the Nordic region experienced growth, reaching a value of USD 13.7 billion in 2022 compared to USD 13.2 billion in 2021. In 2022, road freight transport constituted 67% of the total inland freight transport in the Nordic region. In 2021, the overall volume of road freight transport in the Nordic region amounted to approximately 94.27 billion ton-kilometers. The domestic volumes accounted for around 65.46 billion ton-kilometers, while international volumes accounted for approximately 24.39 billion ton-kilometers.
