Global parcel volume likely to more than double
by 2026 as Index charts the rise of Amazon Logistics
Pitney Bowes Inc. (NYSE: PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing, data and financial services, today released the latest
Pitney Bowes Parcel Shipping Index. The annual report found that
global parcel volume surpassed 100 billion in 2019, reaching 103
billion. More than three of every five parcels shipped in the
world’s major markets are generated by China. Over 3000 parcels
were shipped every second in 2019 in the world’s 13 major markets.
The report forecasts parcel volume is most likely to more than
double and reach 220-262 billion parcels by 2026, with a 14.8
percent CAGR for 2020-2024. Due to increased uncertainty fueled by
the global pandemic, the forecast provides a range that shows
volumes could be as low as 200 billion or as high as 316 billion
parcels in six years.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201012005150/en/
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 USPS and other carriers) increased by 22%
year-over-year.
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 2015.
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. China
remains the strongest influence on the market with 63.5 billion
parcels shipped in 2019 and an increase of 26 percent in parcel
volume year-over-year. Excluding China, parcel volume increased by
6.7 percent, from 37 billion in 2018 (including Amazon Logistics
volume in the US) to 39 billion in 2019. Global parcel revenue
increased by 9 percent year-over-year from $323 billion in 2018 to
$351 billion in 2019, at a CAGR of 11 percent during 2013-19.
While all countries except Japan saw steady growth in parcel
volume, the impact of emerging and maturing ecommerce markets is
reflected in the figures. Norway’s percentage increase in parcel
volume is second only to China’s, with the European country
shipping 80 million parcels compared to the previous year’s 60
million - an increase of 24 percent. India has the third highest
percentage increase after China and Norway, experiencing growth of
19 percent in parcel volume, shipping 2.8 billion parcels and
reaching a CAGR of 22 percent since 2013.
All markets reported an increase in carrier revenue growth
year-over-year, with the exception of Germany which saw a slight
decline of -0.2 percent, largely driven by currency exchange rates
as carrier revenue growth in Euros in Germany was positive at 5.2%.
As parcel volumes rise, carriers continue to find innovative ways
to expand their networks and improve the customer experience in
increasingly competitive markets.
Key findings from the latest Pitney Bowes Shipping Index
include:
- China extended 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 States ranks 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.
- Norway sees 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.
- Italy had 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.
- Brazil sees a 15 percent increase in year-over-year
parcel volume from 2018-19.
- India is experiencing a CAGR of 22 percent in parcel
volume 2013-19 and year-over-year growth of 19 percent.
- Japan was 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.
- The UK saw 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 Jason Dies, EVP and Vice President Sending Technology
Solutions. “While parcel volumes keep rising, carriers are racing
to keep up with competition and with consumer demand, delivering
innovative new customer experiences, digitalizing technologies and
investing in infrastructure, all while generating sustainable
revenues. Although we won’t document the full impact of the
Coronavirus pandemic on the industry until next year’s report, in
April alone the USPS noted a 60 percent rise in parcel volume
across the US. Our Index has a track record of accurate
forecasting, and our adjusted forecasts of parcel volume reaching
220-262 billion by 2026 demonstrate the phenomenal growth expected
across the industry.”
Key Shipping Index Findings by Region
Americas (United States, Brazil, Canada)
- United States generated $130 billion revenue 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.
Europe (France, Germany, Italy, Norway, Sweden and United
Kingdom)
- France saw parcel volumes reach 1.34 billion and a CAGR
of 5 percent from 2013-19.
- Germany generated 3.7 billion parcel shipments in 2019.
Germany has 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.
- Italy reached 990 million parcels shipped in 2019, 15
percent growth since the previous year.
- Norway saw parcel volumes increase by 24 percent since
2018. Parcel shipments reached 80 million and revenue increased by
20.5 percent year-over-year.
- Sweden saw 6.2 percent growth in parcel volumes since
the previous year, reaching 135 million in 2019.
- United Kingdom parcel shipments generated $16.1 billion
in revenue and reached 3.8 billion parcels, a 7 percent increase in
both parcel volume and revenue since 2018.
Asia Pacific (Australia, China, India, Japan)
- Australia shipped 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 $31.5
billion.
View the Pitney Bowes Shipping Index interactive map and
infographic to learn more.
The Parcel Shipping Index is one example of proprietary research
conducted by Pitney Bowes on behalf of its clients to help guide
investment decisions and go-to-market strategies. This year, the
company has partnered with Morning Consult to conduct additional
industry research in key markets, including “BOXpoll,” a new weekly
consumer survey on current events, culture, and ecommerce
logistics.
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 2018. 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; office mailing and shipping;
presort services; and financing. For 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/20201012005150/en/
John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Jul 2023 to Jul 2024