The Express and Small Parcels 2023 Report from Transport Intelligence – the leading provider of market research to the global logistics industry – shows a picture of normalising activity, as the market shrunk by 0.6% y-o-y in 2022 to a value of €523,080.6m in real terms.
A tentative recovery in demand is to be expected in 2023 following the rapid softening of parcel volumes in 2022. As such, the global express market is expected to grow by 3.6% y-o-y to a value of €542,108m, with global parcel volumes growing by 4.7% y-o-y to 189,120m. Recovery is expected in both the international and domestic markets.
The Express and Small Parcels 2023 Report is written by industry researchers, analysts, and utilising data from Ti’s GSCi knowledge portal, a data powerhouse with over 1 million pieces of data and analysis.
Nia Hudson, Research Analyst at Ti says: “The express and parcels market has passed through an extraordinary three years since the beginning of the Covid-19 pandemic. Companies are now in a situation where they have had to implement significant price increases to counter falling volumes, resulting in another unusual market situation where volumes are falling but operators are able to continue increasing revenue. Looking forward, we expect to see a slight recovery in real growth into 2023, although year-on-year growth is expected to be the lowest in almost a decade according to Ti’s data. We should however be careful to paint this figure in too much of a negative light – it may be better to characterise as a normalisation following a period of intense growth.”
Report highlights:
The full report – available here – also analyses the competitive landscape in the Express and Small Parcels market and offers in-depth market projections and forecasts: an essential tool for business leaders making critical decisions.
Source: Ti Insights
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