Pitney Bowes Parcel Shipping Index Reports Global Parcel Shipping Reaches $279 Billion in Revenue
August 28 2018 - 8:00AM
Business Wire
Pitney Bowes Says Global Shipping Volume To
Surpass 100 Billion Parcels in 2020
The Pitney Bowes Parcel Shipping Index, released today, reports
that parcel shipping generated USD $279 billion in revenue last
year, an increase of 11 percent over 2016. Pitney Bowes Inc. (NYSE:
PBI), a global technology company that provides commerce solutions
in the areas of ecommerce, shipping, mailing, and data, compiled
the industry’s most comprehensive parcel shipping report along with
shipping-related insights across 13 countries representing 3.7
billion people.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20180828005237/en/
(Graphic: Business Wire)
Parcel volume globally grew 17 percent last year to 74.4 billion
parcels, up from 63.6 billion in 2016. This was in the 17-28
percent growth projection range given in last year’s Pitney Bowes
Parcel Shipping Index. On average, there were 22 parcels shipped
per person globally, and 2,300 parcels shipped every second.
China once again reported the largest parcel volume growth at 28
percent year-over-year (YOY). If we exclude China from the Index,
the global growth number drops from 17 percent to 6 percent.
“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,
ecommerce continues to drive growth in all regions. Global
ecommerce 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’ ecommerce shipping.”
The Index expects global shipping volume to surpass 100 billion
parcels in 2020 in aggregate across the 13 countries reviewed:
Australia, Brazil, Canada, China, France, Germany, India, Italy,
Japan, Norway, Sweden, United Kingdom and the United States.
View the Pitney Bowes Shipping Index interactive map and
infographic to learn more.
Topline Trends Across Countries
- China’s Parcel Volume Triples United
States’: China (40.1 billion), the United States (11.9
billion), and Japan (9.6 billion) represented the top three
countries for parcel shipping volume in 2017. China’s parcel
shipments represent 53 percent of the total shipments in the Pitney
Bowes Parcel Shipping Index.
- United States Tops Shipping
Revenue: The United States ranks highest in parcel shipping
revenue at $107 billion, generating 38 percent of the total revenue
of the 13 countries. China ($73 billion) and Japan ($25 billion)
follow. The average shipping price of a parcel is $8.95 in the US,
compared to $1.83 in China and $2.64 in Japan.
- China’s Parcel Growth Continued to
Soar: Despite slower parcel volume growth from the previous
four years, China represents the largest market in parcel volume
growth at 28 percent YOY. India (11 percent) and Sweden (9 percent)
followed.
- Japanese Residents Receive the Most
Packages: Japan tops per capita shipping with 76 parcels
shipped per person in 2017. The UK follows at 48 parcels shipped
per person, and then Germany at 41 parcels.
Key Findings by Region
Americas (Brazil, Canada, United States)
- Brazil, parcel volume grew 6
percent YOY in 2017 with volume reaching 664 million parcels and 3
parcels shipped per person.
- Canada, parcel volume grew by 5
percent year-over-year to 1.1 billion parcels or 30 parcels per
person.
- United States shipped 11.9
billion parcels, up 8 percent YOY. This represents an average of 37
parcels shipped per person for the year.
Europe (France, Germany, Italy, Norway, Sweden and United
Kingdom)
- France grew 5 percent YOY,
shipping 18 parcels per person with a total volume of 1.2 billion
parcels shipped in 2017.
- Germany shipped an average of 41
parcels per person, reaching a total of 3.4 billion parcels. Parcel
volume grew 6 percent YOY.
- Italy shipped a total of 759
million parcels growing at 5 percent YOY and 12 parcels shipped per
person.
- Norway parcel shipping dipped 1
percent YOY, with a total volume of 56 million parcels shipped at
11 parcels per person in 2017.
- Sweden grew 9 percent YOY with a
total volume of 113 million parcels and 11 parcels shipped per
person in 2017.
- United Kingdom shipped a total
of 3.2 billion parcels in 2017, growing 8 percent YOY, which
represented 48 parcels shipped per person.
Asia Pacific (Australia, China, India, Japan)
- Australia shipped 841 million
parcels at 34 parcels per person an 8 percent increase YOY.
- China’s parcel volume reached
40.1 billion in 2017, or 1,270 parcels shipped each second. With
the highest parcel volume in the study, China is up 28 percent YOY
shipping 29 parcels per person in 2017.
- India shipped just 1 parcel per
person in 2017, yet grew 15 percent YOY reaching a total of 1.5
billion parcels shipped.
- Japan shipped 76 parcels per
person in 2017 with YOY growth at 2 percent and a total parcel
volume shipped at 9.6 billion.
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 Australia, Brazil, Canada, China,
France, Germany, India, Italy, Japan, Norway, Sweden, the United
Kingdom and the United States. Population data points were sourced
from the International Monetary Fund, World Economic Outlook
Database published in October 2017. The Pitney Bowes Parcel
Shipping Index spans 13 countries and represents the parcel
shipping activity of 3.7 billion people.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; presort services; office
mailing and shipping; location data; and software. For nearly 100
years Pitney Bowes has been innovating and delivering technologies
that remove the complexity of getting commerce transactions
precisely right. For additional information visit Pitney Bowes, the
Craftsmen of Commerce, at www.pitneybowes.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180828005237/en/
Pitney Bowes Inc.Carol Wallace,
203-351-6974Carol.wallace@pb.com
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Sep 2023 to Sep 2024