Pitney Bowes Parcel Shipping Index Reports Continued Growth as Global Parcel Volume Exceeds 100 billion for First Time Ever
Global parcel volume likely to more than double by 2026 as Index charts the rise of Amazon Logistics
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The Index also highlights the advance of Amazon Logistics as a major market player, delivering 1.9 billion packages in the US alone through its in-house delivery network, showing 155% parcel volume growth in 2019 year-over-year and forecasting its CAGR at 30 percent from 2020-2024. Amazon Logistics has been rapidly increasing their delivery capacity in the US and expects to compete for external business with traditional carriers. This effort has been stalled somewhat in 2020 driven by COVID-19 and the significant increase in Amazon’s own shopping volume. Amazon’s overall US parcel volume (including Amazon Logistics Network and parcels given to
The Pitney Bowes Parcel Shipping Index measures volume and spend for business-to-business, business-to-consumer, consumer-to-business and consumer-consigned shipments with weight up to 31.5 kg (70 lbs.) in 13 major markets, representing 3.8 billion people in the
Index reveals 17.7 percent growth in parcel volume in 2019 with 3,248 parcels shipped every second
The latest report reveals growth of 17.7 percent in 2019, in line with the 17-28 percent growth projection range given in previous Parcel Shipping Index reports. On average, 3,248 parcels were shipped every second in 2019 in the world’s 13 major markets, equating to an average of 27 parcels shipped per person.
While all countries except
All markets reported an increase in carrier revenue growth year-over-year, with the exception of
Key findings from the latest Pitney Bowes Shipping Index include:
Chinaextended its global lead in parcel volume, with 63 billion parcels and growth of 26 percent year-over-year, although this growth has declined from the 48-61 percent growth seen from 2012-16. A CAGR of 38 percent was reached from 2013-2019. China’s parcel volume is more than four times that of the United States, its nearest country in terms of volume.
United Statesranks highest in the Index for parcel shipping revenue at $130 billion. Amazon Logistics is growing in influence and market share, emerging as a major player in the logistics market in the US, reflecting its influence in countries such as the UK.
Norwaysees the second highest year-over-year growth rate in the Index with a 24 percent increase in parcel volume from 2018, with parcel volume of 80 million, driven largely by the maturing of the ecommerce market.
Italyhad the fourth highest year-over-year parcel volume growth with a 14.8 percent increase in parcel volume from 2018 and reaching nearly 1 billion parcels.
Brazilsees a 15 percent increase in year-over-year parcel volume from 2018-19.
Indiais experiencing a CAGR of 22 percent in parcel volume 2013-19 and year-over-year growth of 19 percent.
Japanwas the only country to show a decline in parcel volume at -3 percent, in line with last year’s decline of -2.7 percent YoY, although carriers are seeing a slight increase in revenue.
UKsaw 57 parcels per capita compared with 48 in 2017, the highest per capita increase over the past two years.
“Since its inception, the Shipping Index has become a highly anticipated, reliable industry benchmark. As we mark Pitney Bowes’ 100th anniversary, this year’s milestone of global parcel volume surpassing 100 billion parcels seems particularly serendipitous,” said
Key Shipping Index Findings by Region
United Statesgenerated $130 billionrevenue in parcel revenue, the highest of all 13 countries studied and an increase of 11 percent year-over-year. The market shipped 14.7 billion parcels, up from 13.2 billion in 2018. Amazon Logistics volume is included in both years, having delivered 1.9 billion packages in the US alone through its in-house delivery network, with a CAGR forecasted at 22 percent to 2023.
Brazil’s parcel volume grew 15 percent year-over-year, with volume reaching 850 million parcels – an average CAGR from 2014-19 of 10.5 percent.
- Canada’s parcel shipments reached 1.1 billion, up 8 percent from the year prior.
Francesaw parcel volumes reach 1.34 billion and a CAGR of 5 percent from 2013-19.
Germanygenerated 3.7 billion parcel shipments in 2019. Germanyhas the largest B2B sector in Europe, comprising around 65 percent of its overall market value. It was the only market where revenue in USD declined, by a marginal -0.2 percent year-over-year.
Italyreached 990 million parcels shipped in 2019, 15 percent growth since the previous year.
Norwaysaw parcel volumes increase by 24 percent since 2018. Parcel shipments reached 80 million and revenue increased by 20.5 percent year-over-year.
Swedensaw 6.2 percent growth in parcel volumes since the previous year, reaching 135 million in 2019.
United Kingdomparcel shipments generated $16.1 billionin revenue and reached 3.8 billion parcels, a 7 percent increase in both parcel volume and revenue since 2018.
Australiashipped 934 million parcels, an increase of 8 percent year over year.
- China’s parcel volume reached 63.5 billion in 2019, up from 51 billion in 2018 and 40 billion in 2017.
- India’s parcel volumes have increased steadily since 2013 to 2.8 billion, with a CAGR since 2013 of 22 percent – one of the highest rates of volume growth in the Index.
Japan’s parcel volume, 9 billion, declined by 3 percent from the previous year. Revenue increased by 5 percent to
The Parcel Shipping Index is one example of proprietary research conducted by
About the Pitney Bowes Parcel Shipping Index
The Pitney Bowes Parcel Shipping Index measures parcel volume and spend for business-to-business, business-to-consumer, consumer-to-business and consumer consigned shipments with weight up to 31.5kg (70 pounds) across
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