The Pitney Bowes Parcel Shipping Index has revealed that parcel shipping generated US$279bn in revenue in 2017, an increase of 11% over 2016, and parcel volumes grew 17% to 74.4 billion parcels.
China once again reported the largest parcel volume growth at 28% year-over-year (YOY). On average there were 22 parcels shipped per person globally, and 2,300 parcels shipped every second around the world.
“China continues to have the greatest impact on the growing shipping market in terms of absolute scale and growth,” said Lila Snyder, president, commerce services at Pitney Bowes.
“Globally, e-commerce continues to drive growth in all regions. Global e-commerce giants continue to raise the bar, resetting consumer expectations when it comes to shipping. As retailers and marketplaces race to keep up with increasing consumer expectations, carriers must create efficient, seamless services that deliver in a world of ‘fast and free’ e-commerce shipping.”
Pitney Bowes Parcel Shipping Index also predicted that global shipping volume will surpass 100 billion parcels in 2020 in aggregate across the 13 countries reviewed: Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Norway, Sweden, the UK and the USA.
View the Pitney Bowes Shipping Index interactive map and infographic to learn more.