New report reveals global express and small parcels market growth

LinkedIn +

New research from logistics and supply chain consultancy Transport Intelligence (Ti) has found that the global parcels market grew to a value of €306.2bn (US$341.3bn) in 2018 as domestic market growth of 8.8% outpaced international growth of 6.9%. E-commerce continued to be a key driver in both the domestic and international markets.

Ti expects market growth to slow in 2019, with the international market slowing most significantly with a forecast expansion of 5.5%. Uncertainty in the global economic environment is also weighing down growth over the medium-term, with Ti forecasting a real 2018-2023 CAGR of 7.8%.

“The growth rates for 2018 show a steady decline from 2017, which was a bumper year for the global economy,” said Andy Ralls, quantitative analyst at Ti. “Into 2019 we expect the market to slow further, as macroeconomic conditions have clearly worsened. Nonetheless there are significant bright spots for the express market, not least in e-commerce. Despite conditions softening, the unique market conditions in China mean it once again stands out as a major driver of global growth.”

Ti’s Global Express and Small Parcels 2019 report examines current market challenges and assessed the opportunities for growth in alternative delivery networks and cross-border B2C e-commerce.

Share this story:

About Author

, editor-in-chief

Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

Comments are closed.