Turkey Courier, Express, and Parcel Market Size

Turkey Courier Express and Parcel (CEP) Market Analysis

Turkey's courier, express, and parcel (CEP) market is expected to register a CAGR of over 7% during the forecast period.

• The COVID-19 pandemic impacted the country's domestic and international courier express services due to restrictions and lockdowns. The industry is recovering by adjusting to the changing consumer behaviors during the pandemic. The logistic companies increased their online delivery capacities to meet the demand created during the pandemic.
• In 2022, the Turkish government launched the Transport Vision 2053 program to bolster the development of all modes of transport in the country. Under this 30-year plan, the country will invest more than USD 197 billion in rail, road, maritime, and air transport and communications. These investments are anticipated to contribute more than USD 1 trillion to GDP and USD 1.36 trillion to production. This plan mainly focuses on increasing rail cargo transportation from 5.08% in 2023 to 21.93% in 2053.
• Meanwhile, in January 2023, Chinese e-commerce giant Alibaba Group Holding Ltd planned to invest more than USD 1 billion in setting up a logistics hub at Istanbul Airport and a data center near the Turkish capital Ankara. In addition, the CEP market in the country is fueled by increasing e-commerce sales. In 2022, e-commerce trade volumes in the country witnessed a strong growth of 116% compared to the previous year. As per the Trade Ministry, from January to June 2022, online orders rose by 38% compared to the same period in 2021. Thus, the surging e-commerce sector is expected to drive Turkish courier, express, and parcel services.