Market Size of philippines 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 1.24 Billion |
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Market Size (2030) | USD 1.85 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 6.92 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Philippines Courier, Express, and Parcel (CEP) Market Analysis
The Philippines Courier, Express, and Parcel (CEP) Market size is estimated at 1.24 billion USD in 2024, and is expected to reach 1.85 billion USD by 2030, growing at a CAGR of 6.92% during the forecast period (2024-2030).
1.24 Billion
Market Size in 2024 (USD)
1.85 Billion
Market Size in 2030 (USD)
4.22 %
CAGR (2017-2023)
6.92 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
7.82 %
Projected CAGR, Express, 2024-2030
Fast and cost-efficient express delivery solutions are being developed rapidly via rebranding, new service additions, and collaborations.
Fastest Growing Market by Model
9 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
The 2022 E-commerce Philippines Roadmap has been a major growth catalyst as it addresses the challenges of the courier delivery system.
Largest Market by Shipment Weight
67.23 %
value share, Light Weight Shipments, 2023
Growing demand for the delivery of groceries, collaborations, and several companies specializing in handling lightweight shipments due to rising demand are driving the segment's growth.
Largest Market by End User Industry
42.47 %
value share, E-Commerce, 2023
Major e-commerce platforms are expanding logistics services via various initiatives due to increasing smartphone penetration that is generating delivery demand.
First Leading Market Player
11.23 %
market share, LBC Express Holdings, Inc., Inc.
LBC Express has over 1,400 branches across the Philippines, serving as drop-off and pickup points for customers. The company operates over 226 warehouses and hubs.
Demand in the domestic and international CEP markets is increasing owing to industry advancements and increasing e-commerce
- In an attempt to speed up mail and parcel deliveries domestically and internationally in the country, the Philippine Postal Corporation (Philpott) eliminated notification cards in 2021. It was a 75-year-old practice causing significant delays in deliveries. Earlier, the mail or parcel recipient had to receive a notification card before a parcel could be picked up at the post office, which would usually take about two to three months in order to be received. This caused delays and thus made door-to-door deliveries inconvenient. Post this, the CEP market's value increased by 6.26% YoY in 2022, and it is further expected to register a CAGR of 6.31% during 2023-2029.
- As of January 2020, before the pandemic started, 39% of the Philippine cross-border e-commerce was with China, followed by the United States with 23% and South Korea with 7%. As the economy re-opened post-pandemic, the Philippines had an average rate of 58 cross-border online purchases per person per year as of 2021. The country also accounted for 15% of the total online shopping market in Southeast Asia.
- In 2019, PHLPost was the leading courier service with the highest number of outlets or branches in the Philippines, approximately 1,400. The other major domestic courier services were LBC and 2GO Express, with over 1,000 branches each. The United States was the biggest market for apparel exports for Philippines in 2022. Overall, exports of articles of apparel and clothing accessories amounted to USD 789 million in 2022. Owing to increasing demand post-pandemic, CEP value in the country is projected to grow at 6.26% YoY in 2023.
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Understand The Key Trends Shaping This Market
