Market Size of thailand 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 2.63 Billion |
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Market Size (2030) | USD 3.99 Billion |
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Largest Share by Destination | Domestic |
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CAGR (2024 - 2030) | 7.20 % |
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Fastest Growing by Destination | International |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Thailand Courier, Express, and Parcel (CEP) Market Analysis
The Thailand Courier, Express, and Parcel (CEP) Market size is estimated at 2.63 billion USD in 2024, and is expected to reach 3.99 billion USD by 2030, growing at a CAGR of 7.20% during the forecast period (2024-2030).
2.63 Billion
Market Size in 2024 (USD)
3.99 Billion
Market Size in 2030 (USD)
4.38 %
CAGR (2017-2023)
7.20 %
CAGR (2024-2030)
Fastest Growing Market by Speed of Delivery
8.31 %
Projected CAGR, Express, 2024-2030
Express delivery service is growing rapidly due to the expansion of air delivery services and the introduction of more fast, convenient, and affordable delivery services.
Fastest Growing Market by Model
9.35 %
Projected CAGR, Business-to-Consumer (B2C), 2024-2030
E-commerce, specifically mobile e-commerce in the country, is a major facilitator for the growth of the B2C model that generates significant delivery demand.
Largest Market by Shipment Weight
57.95 %
value share, Light Weight Shipments, 2023
Delivery of online orders for goods like groceries and fashion items is leading the segment's growth in the country.
Largest Market by End User Industry
35.06 %
value share, E-Commerce, 2023
Thailand is one of the most rapidly growing countries in terms of internet and mobile usage, generating domestic and international delivery demand.
First Leading Market Player
17.55 %
market share, DHL Group, 2022
DHL offers Same Day services, which provides fast collection and door-to-door delivery. Also, DHL Express Thailand operates 71 electric vehicles in Thailand.
Domestic segment is dominating largely due to demand from B2B e-commerce and other e-commerce segments
- E-commerce was a major driver for the growth of the domestic and international CEP markets in 2022. Electronics , personal and household, food and beverages and toys, hobby & DIY products were major CEP delivery demand generators . Owing to growing e-commerce and increasing demand, the CEP value is projected to register a CAGR of 6.56% during 2023-2029.
- Under the domestic segment, business-to-business (B2B) e-commerce in Thailand is growing rapidly due to internet development and mobile transformation. The sectors utilizing e-commerce platforms to increase productivity in 2021 included food, comprising mainly the grocery and service sectors, with 31%, manufacturing with 16%, and retail and wholesale with 15%. There is significant demand for e-commerce services from Bangkok and other provinces, such as Nonthaburi and Chonburi. All these factors combined are significantly boosting the CEP market in Thailand.
- An increase in domestic e-commerce sellers would potentially boost the volume of e-commerce sales in the country. Cross-border e-commerce consumes almost 32% of the overall e-commerce market in Thailand. The top three overseas sales destinations for Thai products are China, Japan, and the United States. This balance may shift as domestic Thai merchants are looking to capitalize on the opportunities of having a digital sales presence. As of 2021, the top five e-commerce sites were Shopee, Lazada, Kaidee, AliExpress, and Amazon, all seller platforms with advanced logistics and delivery infrastructure. The value of the international CEP market is projected to register a CAGR of 6.80% during 2023-2029.
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Understand The Key Trends Shaping This Market
