Pitney Bowes Parcel Shipping Index Reveals China Is First Country to Ship 100 Billion Parcels as Global Parcel Volume Reaches 159 Billion In 2021
September 22 2022 - 08:00AM
Business Wire
Latest International Index finds 5,000
parcels shipped every second in 2021 as global carrier revenue
reaches $491.5 billion
Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing
company that provides technology, logistics, and financial
services, today released the new Parcel Shipping Index featuring
2021 data from 13 major markets around the world. The Index reveals
China generated 108 billion parcels in 2021, making it the first
country to exceed 100 billion parcels within one year, as
forecasted in last year’s report. Global parcel volume reached 159
billion in 2021 equating to 5,000 parcels per second. Total carrier
revenue reached $491.5 billion. The Index estimates global parcel
volume will most likely reach 256 billion by 2027, with an 8.5%
CAGR from 2022-2027.
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The seventh edition of the Pitney Bowes Parcel Shipping Index
finds parcel volume increased across all regions in 2021. China’s
growth in parcel volume represents a milestone for the shipping
industry. Each day, China ships 300 million parcels, which is more
than the smallest market in the Index - Sweden - ships in a year.
Across the Index, parcels shipped per capita averaged 41. Parcel
volume per household is a new measure included in this year’s
Index. An average of 137 parcels were shipped per household across
all countries, with China shipping the most at 218.
All countries reported double digit carrier revenue growth
except Japan. The U.S. once again generated the highest carrier
revenue, at $188 billion. France generated the highest revenue per
parcel at $9.63. The average revenue per parcel was $3.
Key findings from the 2021 Parcel Shipping Index
include:
- Parcel volume reached 159 billion in 2021, up 21 percent
from 131 billion in 2020
- 5,000 parcels shipped per second compared to 4,160 in
2020
- Parcel revenue reached $491 billion, up 17% from $420
billion in 2020
- Highest CAGR 2015-21 for parcel volume was generated by
China at 32 percent followed by Brazil at 20 percent
- Highest CAGR 2015-21 for parcel revenue was generated by
China at 26 percent followed by India at 15 percent
- China remains the largest market in terms of parcel
volume, reaching 108 billion, up 30 percent from 83 billion in
2020
- United States remained the market with the highest
carrier revenue, reaching $188 billion, an increase of 16 percent
year over year
- Sweden had the highest revenue growth of 38 percent
year-over-year, followed by India bouncing back following a
decline in 2020. In 2021 India generated a 32 percent
year-over-year increase in parcel revenue, reaching $5.2
billion
- United Kingdom generated 80 parcels per capita, the
highest parcel per person of all 13 countries in the Index
“2021 was a pivotal time for the parcel shipping industry as it
experienced the aftershocks of 2020 and faced new challenges,” said
Jason Dies, EVP and President, Sending Technology Solutions, Pitney
Bowes. “It is incredible to see carriers generating strong revenue
growth despite the headwinds. As consumer shopping habits evolve
and inflationary pressures persist, it will be interesting to track
the 2022 results.”
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 U.S., Canada, Brazil, Germany, UK, France,
Italy, Norway, Sweden, China, Japan, Australia and India. Based on
proprietary and published data, the Index has become a valued
industry benchmark and a reliable source of accurate forecasting
since the inaugural report in 2016.
For detailed insights by region, please visit
https://www.pitneybowes.com/us/shipping-index.html where you can
also view a short video, infographic and map.
The Parcel Shipping Index is an example of research Pitney Bowes
conducts annually to provide insight and forecasts on the shipping
and logistics industry. Pitney Bowes also conducts BOXpoll™ a
series of weekly consumer surveys in partnership with Morning
Consult. Please visit www.pitneybowes.com/boxpoll for the latest
BOXpoll findings.
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 2020. The Pitney Bowes Parcel Shipping Index spans 13
countries and represents the parcel shipping activity of 3.85
billion people.
About Pitney Bowes Pitney Bowes (NYSE:PBI) is a global
shipping and mailing company that provides technology, logistics,
and financial services to more than 90 percent of the Fortune 500.
Small business, retail, enterprise, and government clients around
the world rely on Pitney Bowes to remove the complexity of sending
mail and parcels. For the latest news, corporate announcements and
financial results visit
https://www.pitneybowes.com/us/newsroom.html. For additional
information visit Pitney Bowes at www.pitneybowes.com.
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John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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