Parcel Shipping Index Ebook Final

Parcel shipping index
2021
Intro Global trends Forecasts Australia Brazil Canada China France Germany India Italy Japan Norway Sweden UK US
Introduction
The Pitney Bowes Parcel Shipping
Index measures parcel volume and Jason Dies The latest Parcel Shipping Index is remarkable not
spend for business-to-business, EVP and President, Sending only in the volume and revenues it reveals, but in the
Technology Solutions, accurate forecasts created. After almost two years
business-to-consumer, consumer-to- Pitney Bowes of turbulence and uncertainty, there are signs that
business and consumer consigned we can look ahead with cautious optimism for the
shipments with weight up to 31.5kg industry. Forecasts expect parcel volume to double
Now in its sixth year, the Pitney Bowes Parcel Shipping
(70 pounds). in the next five years. Our Index suggests 18% year-
Index has built a reputation as one of the industry’s most
over-year growth for 2021, with volume reaching
reliable and respected sources of shipping and logistics
155 billion and continuing to gain momentum.
It tracks data for Australia, Brazil, intelligence. Our market analysts study over one
hundred sources of information to extract detailed
Canada, China, France, Germany, trends and insights on 13 of the world’s major markets.
At Pitney Bowes, we’ve had the honor of supporting
India, Italy, Japan, Norway, Sweden, hundreds of thousands of customers with their
The result is a powerful market report cited across the
mailing and shipping for more than a century. Now
the United Kingdom and the world, anticipated by reporters, quoted by analysts and
we deliver innovative postage-in-the-cloud, APIs and
United States. discussed in board rooms.
next-generation shipping software to drive value for
our clients. We’ve helped businesses continue their
In 2020, the Index reveals:
stories of evolution and growth, with a firm
The Index represents the parcel
• Over 4000 parcels were shipped every second commitment to client experience as our North Star.
shipping activity of 3.8 billion people The Parcel Shipping Index is considered invaluable
across 13 of the world’s major markets
across these markets. across our business, helping us shape our products
• US and UK parcel volume increased at a faster rate than and services to drive our clients’ future success.
China for the first time since the inception of the Index
• Carrier parcel revenue grew 22 percent to over I hope you find this year’s Index as exciting, insightful
$400 billion and compelling as we do.
Global trends
131bn
More than 131 billion parcels were shipped across the 13 markets Up from 103bn
tracked in the Index during 2020, equating to more than 4000 parcels in 2019
every second. This represents 27% year-over-year growth, up from
103 billion in 2019. On average, 34 parcels were generated per person.
Up 27%
Parcel volume increased across all regions in 2020 with the exception
of India.
parcels in 2020 year-over-year
China remains the largest market by volume, with parcel numbers
reaching 83.4 billion in 2020 although this was the first year US and
UK parcel volume increased at a faster rate than China since the
inception of the Shipping Index.
Carrier parcel revenue increased across the 13 countries, collectively

reaching $429.5 billion, up 22 percent from $351 billion in 2019. The
4160 360m 34
average revenue generated per parcel was $5, with the highest being
$9.3 in France and the lowest being $1.5 in China. The US remains the
market with the highest carrier revenue of all regions in the Index. The
UK saw the highest increase in carrier revenue, up 37% year-over-year parcels per second parcels per day parcels per person
to $22.2 billion. average
Forecasts
Parcel volume is likely to double in the next five years, to reach 266 China to
billion in 2026 with a 11% CAGR from 2021-26. Due to market Volume generate
uncertainties, the Index provides a range that estimates parcel volume
could reach 232 billion or as high as 303 billion by 2026.
x2 266bn 100bn
Based on forecasts from Pitney Bowes, China is expected to become the parcels by 2026
within 5 years parcels in 2021
first country in the Index to reach 100 billion parcels by volume, which it
is projected to generate in 2021.
Australia
1bn parcels
in 2020
• Up from 934m in 2019
33
parcels per second
2.8m
parcels per day
40
parcels per person
up from 37 in 2019
• Up 10% year over year
Australia generated the third highest revenue per parcel across

the index after France ($9.3) and the US ($8.5) at $7.6,
although this fell from its peak of $9.8 in 2014. Parcel revenue
reached $7.8 billion, up 9%. Parcel volume reached 1 billion
for the first time, up from 934 million in 2019. This equates to
33 parcels per second.
Australia breakdown
Carrier revenues Carrier volumes Market share

All major Australian carriers reported parcel revenue growth Overall, parcel volume was up 10 % year-over-year (YoY). Despite new competitors entering the market, many of the top
in 2020. Australia Post generated the highest growth from 2019 at 18%, distributors experienced minimal market share change.
followed by TNT Express at 15% over the same period.
Parcel market share, by revenue - Australia 2020 • Australia Post saw an increase in parcel revenue share from 36% to 39%
Parcel market share, by volume - Australia 2020 and a parcel volume share increase from 37% to 40%.
• Toll Holdings had a 1 percentage point revenue share increase from
10% to 11%; however, its parcel volume share remained the same at 6%.
• TNT Express had no change in the volume and revenue market share from 2019,
with parcel revenue sitting at 4% and parcel volume at 3%.
• Other carriers experienced a dip in parcel revenue share from 50% to 47% and
in parcel volume from 54% to 51%.
• Australia post generated over $3 billion in 2020, an increase of 16% from 2019.
• Toll Holdings saw a 15% growth in parcel revenue from $720 million to
$830 million. • Australia Post grew parcel volume by 18%.
• TNT Express grew from $260 million to $300 million, which was the highest • TNT Express by 15%.
parcel revenue growth of the bunch at 18%. • Toll Holdings by 13%.
• Other delivery operators saw an increase of 2% in parcel revenue from • Other non-descript delivery operations by 4%.
$3.6 billion to $3.66 billion
• Collectively, the other delivery providers also saw a total CAGR increase in
parcel revenue growth from 2014-20 of 12%.
Brazil
1.2bn • Up from 0.85 in 2019

parcels
in 2020
39
parcels per second
3.4m
parcels per day
6
parcels per person
• Up 46% year over year up from 4 in 2019
In Brazil, 39 parcels were generated every second, or 3.4 million each

day. Parcel volume grew 46%, year-over-year, reaching 1.2 billion –
up from 0.85 billion in 2019. Parcels generated per person rose to
6, an increase from 4 in 2019. Brazil has one of the most rapidly
expanding Ecommerce markets in Latin America.
Brazil breakdown

Parcel revenue in Brazil grew 13% to $5 billion from $4.4 billion Brazil experienced the highest year-over-year parcel volume Brazil saw its more established carrier Brazil Post lose both
in 2019. growth at 46% to 1.2 billion parcels. Total Express generated parcel volume and revenue market share to competitors.
the highest CAGR in volume from 2014 - 2020 at 36%, followed The top six carriers in Brazil account for 71% of the country’s
Parcel market share, by revenue - Brazil 2020 by Jadlog at 30% over the same period. parcel shipments by volume.
Parcel market share, by volume - Brazil 2020 • Brazil Post saw the biggest decrease in market share by revenue from 54% in
2019 to 39% of the market and by volume from 66% to 51%
• TNT decreased market share by revenue from 7% to 6%
• Total Express stayed the same as 2019 with 9% of the market share by revenue
• Jadlog also kept its market share by revenue at 6%
• Gollog stayed the same by revenue as 2019 at 2%
• DirectLog saw a small increase from 3% to 4% in market share by revenue
• Brazil Post generated the highest revenue at $1.93 billion, a decrease of 19%
• Direct Log generated the highest year-over-year revenue increase at 39%
to $0.18 bn • Directlog grew by 87% year-over-year
• Total Express grew revenue by 13% to $0.44bn • Jadlog grew by 74%
• TNT grew revenue by 5% to $0.30bn • Total Express grew by 51%
• Jadlog grew revenue by 12% to $0.28bn • Gollog grew by 41%
• Gollog grew revenue by 5% to $0.11bn • TNT grew by 41%
• Brazil Post grew by 12%
Canada
1.6bn • Up from 1.2bn in 2019

parcels
in 2020
50
parcels per second
4.4m
parcels per day
42
parcels per person
In Canada, 50 parcels were generated every second, or 4.4

million each day. Parcel volume grew 29%, year over year,
reaching 1.6 billion – up from 1.2 billion in 2019. Parcels
generated per person rose to 42, an increase by 28% from
33 in 2019.
Canada breakdown

Nearly all major carriers in the Index reported a double-digit All Canadian carriers recorded a double-digit growth in parcel Canada Post and UPS together account for 39% of the market
revenue growth in 2020. In Canada, the revenue grew by 29% volumes in 2020. share by volume.
to $11.5 billion. Revenue per parcel amounts to $7.2. UPS
revenue grew by 50%, while Canada Post by 24% only. Parcel market share, by volume - Canada 2020 • Canada Post’s market share declined 1 percentage point by revenue and
2 percentage points by volume
Other carriers generated total revenue of $2.8 billion • FedEx declined by revenue to 11% and grew by volume to 8%
• Purolator declined by revenue from 14% in 2019 to 13% in 2020
growing by 49% year-over-year.
• TFI International declined 1 percentage point by revenue as well as by volume
• UPS grew market share by revenue from 20% to 23% and from 12% to
Parcel market share, by revenue - Canada 2020 15% by volume
• Other carriers increased the market share from 21% to 25% by revenue
and maintained it by volume at 39%
• Canada Post grew parcel volume by 22% to 390 million parcels

• FedEx grew parcel volume by 60% to 120 million parcels
• Purolator grew parcel volume by 15% to 170 million parcels
• TFI International grew parcel volume by 15% to 70 million parcels
• UPS grew parcel volume by 53% to 230 million parcels
• Canada Post grew revenue by 24% to $2.6 billion

• FedEx grew revenue by 4% to $1.2 billion
• Purolator grew revenue by 13% to $1.5 billion
• TFI International grew revenue by 12% to $830 million
• UPS grew revenue by 50% to $2.6 billion
China
83bn • Up from 64bn in 2019

parcels
in 2020
2643 228m
parcels per second parcels per day
58
parcels per person
• Up 31% from 2019 up from 45 in 2019
China remains the powerhouse of the Parcel Shipping Index.

83 billion parcels were generated in China in 2020, up 31%
from 64 billion in 2019. This equates to 2643 parcels
generated per second, or over 228m each day. Parcels
generated per person reached 58, up from 45 in 2019.
China breakdown

All carriers measured in China generated an increase in revenue Parcel market share, by volume - China 2020 • By revenue, Yunda has the highest market share of 17%, up from 16%
from 2019 to 2020. Total revenue generated exceeded $127 in 2019 followed by YTO, up from 14% revenue share in 2019 to 15% in 2020
• SF increased its market share from 8% to 10%
billion in 2020, up 17% from $109 billion in 2019.
• China Post’s market share by revenue remained flat at 7% and ZTO’s
remained flat at 3%
Parcel market share, by revenue - China 2020 • ‘Others’ still achieve the highest market share by parcel revenue, although the
percentage share decreased from 41% in 2019 to 38% in 2020
• ZTO achieved the highest market share by parcel volume at 20%, up from
19% in 2019
• ZTO also generated the highest increase in market share by volume from
13% in 2014, to 20% in 2020
• ZTO shipped the highest number of parcels, 17 billion, up 40%

from 2019
• Yunda followed with 14 billion, up from 10 billion in 2019
• YTO shipped 13 billion, a 38% increase
• SF achieved the highest increase at 69% growth in parcel volume since 2019,
• Of the major carriers, Yunda generated the highest revenue at $22 billion,
shipping 8 billion parcels
up 26% year-over-year
• ZTO achieved the highest CAGR at 45% from 2014-2020, closely followed
• ZTO and Yunda generated the highest CAGR in the Index, both reaching
by Yunda at 44%
36% CAGR from 2014 – 2020
• China Post achieved 30% CAGR from 2014-2020
• YTO generated $19 billion, up from $16 billion in 2019
• SF generated the highest year-over-year increase, at 51%, generating
$12.5 billion in 2020 compared to $8 billion in 2019
• China Post generated $9 billion, up 21%
• ZTO generated $4 billion, up from $3 billion in 2019
• STO generated $13.5 billion, an increase of 7% year-over-year
• The smaller market players collectively generated $48 billion
France

parcels
in 2020
50
parcels per second
4.3m
parcels per day
24
parcels per person
In France, 50 parcels were generated every second, or 4.3 million

each day. Parcel volume grew 18%, year over year, reaching 1.6
billion – up from 1.3 billion in 2019. Parcels generated per person
rose to 24, an increase from 21 in 2019.
France breakdown

All major carriers in France reported revenue and volume Nearly all French carriers recorded a double-digit growth in In France La Poste is leading the rich carrier market accounting
growth in 2020. In France the carrier revenue grew by 11% to parcel volumes in 2020. GLS and La Poste generated the for 48% by volume and 32% by revenue of the total market
$14.6 billion. Revenue per parcel is the highest of all 13 highest CAGR in volume from 2014-2020 at 11%, followed by share growing by 2 percentage points from 2019.
countries in the Index at $9.3, decreasing by 6% compared to DHL and FedEx at 8% over the same period. Other carriers grew
2019. Other carriers generated together a total revenue of $3.3 parcel volume by 12% to 234 million parcels. • DHL maintains market share by revenue at 4% and declines to 3% by volume
billion growing by 8%. • FedEx maintains market share by revenue and volume at 5% and 4% in 2020
Parcel market share, by volume - France 2020 • Geodis declines by revenue to 16% and by volume to 14%
• GLS maintains market share by revenue at 3%, growing to 3% by volume
Parcel market share, by revenue - France 2020
• TNT declines by revenue to 10% and maintains market share by volume at 8%
• UPS grows by revenue to 7% and maintains market share by volume at 5%
• DHL grew parcel volume by 7% to 51 million parcels

• FedEx grew by 17% to 64 million parcels
• DHL grew revenue by 3% to $600 million
• Geodis grew by 11% to 222 million parcels
• FedEx grew revenue by 9% to $789 million
• GLS grew 31% to 42 million parcels
• Geodis generated the second highest revenue at $2.4 billion, an increase of 7%
• La Poste grew 24% to 763 million parcels
• GLS generated the highest year-over-year revenue increase at 26% to $450
• TNT grew by 17% to 120 million parcels
million
• UPS grew by 15% to 84 million parcels
• La Poste generated the highest revenue at $4.7 billion, an increase of 18%
• TNT grew revenue by 4% to $1.5 billion
• UPS grew revenue by 12% to $952 million
Germany

parcels
in 2020
130
parcels per second
11m
parcels per day
49
parcels per person
• Up 12% year over year Up from 44 in 2019
In Germany in 2020, 130 parcels were generated every

second or 11 million each day. Parcel volume grew 12%,
year-over-year, reaching 4 billion – up from 3.7 billion in
2019. Parcels generated per person rose to 49, an
increase from 44 in 2019.
Germany breakdown

In Germany the carrier revenue grew by 18% to $21.6 billion. Most German carriers recorded a double-digit growth in 2020. The German carrier market is dominated by DHL covering
Revenue growth per parcel is the second highest of all 13 GLS and DHL generated both the highest CAGR in volume half of the parcel shipment market by revenue (54%) and
countries in the Index behind India growing by 5.2% reaching from 2014-2020 at 10%, followed by Hermes at 9% over by volume (49%).
$5.3. the same period.
• DPD continues to maintain market share by revenue and by volume
Parcel market share, by revenue - Germany 2020 Parcel market share, by volume - Germany 2020 both at 10%
• FedEx/TNT maintains market share by revenue at 7% and by volume at 6%
• GLS grew market share by volume from 7% to 8% and by revenue from
5% to 6%
• Hermes’ market share declined 2 percentage points by volume and
1 percentage point by revenue
• UPS maintains market share by revenue at 13% as well as by volume at 12%
• DHL grew parcel volume by 15% from 2019

• DHL generated the highest revenue at $11.7 billion an increase of 22% • DPD by 13%
• DPD grew revenue by 16% and reached $2.2 billion • FedEx/TNT by 16%
• FedEx/TNT grew revenue by 22% to $1.6 billion • GLS grew by 22%
• GLS generated the highest year-over-year revenue increase at • Hermes declined by 3%
29% to $1.2 billion • UPS grew parcel volume by 12%
• The revenue of other carriers continues to decline by 12%
CAGR 2014- 2020 to $1 billion
India
2.4bn parcels
in 2020
• Down from 2.9bn in 2019
77
parcels per second
6.6m
parcels per day
1.7
parcels per person
• Down 16% year over year Down from 2.1 in 2019
In 2020, India saw a sharp decline in parcel volume from

2.9 billion in 2019 to 2.4 billion. Strict Government regulations
during full and partial lockdown critically impacted the parcel
volume growth. Parcels generated per person also declined
from 2.1 in 2019 to 1.7 in 2020.
India breakdown

Most carriers measured in India generated a slight increase in Parcel market share, by volume - India 2020 • India Post was the only carrier to see a marginal increase in market share by
revenue from 2019 to 2020. Total revenue generated reached parcel volume from 3% to 4% in 2020
• Market share by volume for ‘Others’, DTDC and Amazon Logistics remained
$4.5 billion in 2020, up 3 percent from $4.4 billion in 2019.
the same
• India Post and DTDC saw an increase in market share by revenue in 2020,
Parcel market share, by revenue - India 2020 with 4% and 6% market share respectively
• Amazon Logistics and ‘Others’ generated the same market share by revenue
as in 2019
• Overall parcel volume in India decreased in 2020

• BlueDart and DTDC saw decline in parcel volume by 19% and 13% respectively.
BlueDart parcel volume reduced from 0.19 billion parcels in 2019 to 0.15 billion
in 2020. DTDC parcel volume fell from 0.2 billion in 2019 to 0.18 billion in 2020
• Amazon Logistics shipped 0.24 billion parcels as compared to 0.29 billion
• In 2020, India Post saw its highest revenue since 2014 of $0.18 billion in 2019
up by over 16% from 2019 • Parcels shipped by ‘Other’ carriers were down to 1.4 billion in 2020, from
• DTDC generated $0.25 billion in 2020 up by 5% compared to $0.24 billion 1.7 billion in 2019
in 2019
• Amazon Logistics saw 7% growth with $0.31 billion in 2020 as compared
to $0.29 billion in 2019
• Other carriers generated $2.7 billion, increasing revenue by close to
4% since 2019
Italy
1.3bn parcels
in 2020
41 3.6m 21
• Up from 1bn in 2019 parcels per second parcels per day parcels per person
In Italy in 2020, 41 parcels were generated every second or

3.6 million each day. Parcel volume grew 31% year-over-year,
reaching 1.3 billion – up from 1 billion in 2019. Parcels
generated per person rose to 21, an increase from 17 in 2019.
Italy breakdown

All major carriers in the Index reported volume growth in 2020. All Italian carriers in the Index reported a volume growth in The top two carriers in Italy, BRT and Poste Italiane, account
In Italy the carrier revenue grew by 24% to $9.6 billion while 2020 reaching a total of 1.3 billion parcels which corresponds for 40% of Italian parcel shipments by volume. Poste Italiane
the revenue per parcel declined by 5% to $7.4. to an increase by 31%. and Amazon Logistics were the only Italian carriers reporting
a growth in volume and revenue share in 2020.
Parcel market share, by revenue - Italy 2020 Parcel market share, by volume - Italy 2020
• Amazon Logistics saw the biggest increase in market share by revenue from
6% to 9% and by volume from 7% to 11%
• BRT’s market share declined 1 percentage point by revenue and 1 percentage
point by volume
• DHL declined by revenue from 14% to 12% and from 7% to 6% by volume
• FedEx’ revenue and volume declined by 1% in 2020
• GLS grew market share by revenue from 8% to 9% and declined by volume
from 11% to 10%
• Poste Italiane grew market share by revenue from 12% to 14% and by volume
from 15% to 16%
• TNT declined 2% by revenue and 1 percentage point by volume
• UPS declined by revenue from 11% to 8% and by volume from 12% to 10%
• Amazon Logistics generated the highest year-over-year revenue increase at • Amazon Logistics grew parcel volume by 111% to 138 million parcels
98% to $0.8 billion • BRT by 24% to 308 million parcels
• BRT generated the highest revenue at $2 billion an increase by 21% • DHL by 6% to 78 million parcels
• DHL grew revenue by 4% to $1.1 billion • FedEx by 11% to 87 million parcels
• GLS grew revenue by 26% to $0.8 billion achieving the highest CAGR in • GLS by 23% to 132 million parcels
revenue in Italy from 2014-2020 at 17% • Poste Italiane by 42% to 210 million parcels
• Poste Italiane generated a revenue increase at 39% to $1.3 billion • TNT by 10% to 81 million parcels
• UPS by 14% 135 million parcels
Japan

parcels
in 2020
289
parcels per second
25m
parcels per day
72
parcels per person
• Up 1% year over year Roughly the same as in 2019
9.1 billion parcels were generated in Japan in 2020, a

slight increase from 9.06 billion in 2019. This equates to
289 parcels generated per second, or over 25 million
each day. Parcels generated per person reached 72,
roughly the same as in 2019.
Japan breakdown

All carriers measured in Japan generated an increase in revenue Parcel market share, by volume - Japan 2020 • Japan Post decreased its parcel volume market share from 50% to 48%
from 2019 to 2020. Total revenue generated reached $33.3 year-over-year
• Yamato’s increased its volume market share from 31% to 32%
billion in 2020, up 5.5% from $31.5 billion in 2019.
• Sagawa’s market share by parcel volume increased from 15% to 16%
• Market share by volume for ‘others’ remained at 4%
Parcel market share, by revenue - Japan 2020 • Yamato generated the highest market share by revenue at 39%,
up from 37% in 2019
• Japan Post generated the highest increase in revenue market share from
27% in 2014 to 32% in 2020, 5 percentage points CAGR 2014-2020
• Japan Post generated the highest number of parcels (4.4 billion), although this
was a decrease of 3% from the 4.5 billion it shipped in 2019
• Yamato generated 2.9 billion parcels, up 5% from 2.8 billion in 2019
• Sagawa saw the highest increase year-over-year in parcel volume of the major
carriers, shipping 1.5 billion parcels in 2020 compared to 1.4 billion in 2019
• Yamato generated the highest revenue of the carriers, with $13 billion, up 10%
• Parcels shipped by other carriers reached 0.37 billion in 2020 up from 0.35
year-over-year. This was also the highest year-over-year increase of all major
billion in 2019
carriers
• Japan Post generated $10.7 billion, up 3%
• Sagawa generated $8.1 billion, up from $7.9 billion, while ‘Others’ generated
$1.5 billion, increasing revenue by 6%
Norway
99m • Up from 76m in 2019

parcels
in 2020
3
parcels per second
270k
parcels per day
18
parcels per person
• Up 30% from 2019 up from 14 in 2019
In Norway in 2020, 3 parcels were generated every second

or 270 thousand each day. Parcel volume grew 30%
year-over-year, reaching 99 million – up from 76 million
in 2019. Parcels generated per person rose to 18, an increase
from 14 in 2019.
Norway breakdown

Norway’s carriers reported a double-digit revenue and Posten Norgen, as well as the other carriers, reported a volume The market shares of Norwegian carriers are the most stable
volume growth in 2020. The total revenue grew by 19% growth in 2020 reaching a total of 99 million parcels which of all 13 countries in the Index with a CAGR of 0% from
to $211 million. corresponds to an increase by 30%. 2014-2020 in revenue and volume for all carriers.
Parcel market share, by revenue - Norway 2020 Parcel market share, by volume - Norway 2020 • Posten Norge has a market share of 79%
• The other carriers have a market share of 21%
• Posten Norge grew revenue by 19% to $166 million

• Other carriers generated the same revenue increase at 19%
achieving $44 million • Posten Norge grew parcel volume by 30% generating 77.8 million parcels
in 2020 up from 60 million in 2019
• Parcels shipped by the other carriers reached 20.7 million in 2020 also
up by 30% from 15.9 million in 2019
Sweden
170m • Up from 135m in 2019

parcels
in 2020
5
parcels per second
466k
parcels per day
17
parcels per person
• Up 26% from 2019 up from 13 in 2019
In Sweden in 2020, 5 parcels were generated every

second or 466 thousand each day. Parcel volume grew
26%, year-over-year, reaching 170 million – up from 135
million in 2019. Parcels generated per person rose to 17,
an increase from 13 in 2019.
Sweden breakdown

Swedish carrier revenue increased by 16% to $364 million. The total parcel volume grew by 26% in Sweden reaching a PostNord’s market share declined 8 percentage points
Revenue per parcel decreased by 8%, reaching $2.1. total of 170 million parcels. by revenue and by volume and now account for 79% of
Sweden’s parcel market.
Parcel market share, by revenue - Sweden 2020 Parcel market share, by volume - Sweden 2020
The other carrier market share grew in revenue as well as in
volume from 13% market share in 2019 to 21% revenue and
volume share in 2020.
• Post Nord grew parcel volume by 14% generating 134 million parcels
• PostNord grew revenue by 5% to $286 million • Other carriers grew volume by 107% generating 36 million parcels
• Other carriers considerably increased revenue by 90% achieving $77million
with a CAGR in revenue from 2014-2020 at 19.6%
UK
5bn parcels
in 2020
• Up from 3.8bn in 2019
160
parcels per second
14m
parcels per day
74
parcels per person
up from 56 in 2019
• Up 33% year over year
In the UK, 160 parcels were generated every second, or 14

million each day. Parcel volume grew 33%, year-over-year,
reaching 5 billion – up from 3.8 billion in 2019. Parcels
UK breakdown

All major carriers in the Index reported revenue and volume Carriers grew parcel volumes by up to 33%, overall. The top five carriers in the UK account for 76% of UK parcel
growth in 2020. The UK saw the highest increase in carrier Amazon Logistics generated the highest CAGR in volume shipments by volume.
revenue of all 13 countries in the Index, up 37% to $22.2 from 2014-2020 at 57%, followed by Hermes at 19% over
billion. Revenue per parcel increased for the first time since the same period. • Hermes saw the biggest increase in market share by revenue from 6%
2016, reaching to $4.4. to 11% of the market and by volume from 10% to 12%
Parcel market share, by volume - UK 2020 • Amazon Logistics grew market share by revenue 9% to 11%
• DPD grew market share by revenue from 8% to 10%
Parcel market share, by revenue - UK 2020
• Royal Mail’s market share increased 1 percentage point by revenue and
declined 1 percentage point by volume
• By revenue, Amazon Logistics generated the highest growth from
2014-2020 at 10 percentage points
• Hermes grew parcel volume by 63% year-over-year

• UK Mail/DHL by 40%
• Royal Mail generated the highest revenue at $6.6 billion, an increase of 39%
• DPD by 39%
• Hermes generated the highest year-over-year revenue increase at 161%
• TNT/FedEx by 37%
to $2.5 billion
• Amazon Logistics by 36%
• DPD grew revenue by 72% to $2.3 billion
• Royal Mail by 32%
• Amazon Logistics grew revenue by 61% to $2.4 billion
• Amazon Logistics generated the highest CAGR in revenue growth at 60%
during the 2014-2020
US
20bn • Up from 15bn in 2019

parcels
in 2020
640
parcels per second
55m
parcels per day
61
parcels per person
In the US, 640 parcels were generated every second, or 55

million each day. Parcel volume grew 37%, year-over-year,
reaching 20 billion – up from 15 billion in 2019. Parcels
US breakdown

The US remains the market with the highest carrier revenue of 2020 was the first year when US parcel volume increased The top four carriers in the US account for 99% of US parcel
all regions in the Index, up 29% to $171 billion. at a faster rate than China. Carriers grew parcel volumes by shipments by volume.
37%. Amazon Logistics generated the highest CAGR in volume
Parcel market share, by revenue - US 2020 from 2014-2020 at 135%, followed by USPS at 14% over • Amazon Logistics saw the biggest increase in market share by revenue
the same period. from 6% to 10% of the market and by volume from 13% to 21%
• UPS decreased market share by revenue from 39% to 35%
• FedEx decreased market share by revenue from 35% to 34%
Parcel market share, by volume - US 2020
• USPS grew revenue market share from 18% in 2019 to 19% in 2020
• UPS generated the highest revenue at $60 billion, an increase of 15%

• Amazon Logistics generated the highest year-over-year revenue increase
at 109% to $18 billion
• USPS grew revenue by 40% to $33 billion
• Amazon Logistics grew by 127%
• FedEx grew revenue by 26% to $58 billion
• USPS grew by 34%
• FedEx grew by 21.7%
• UPS grew by 12.6%
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21-MKTC-04823

Parcel Shipping Index Ebook Final

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Parcel Shipping Index Ebook Final

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Parcel shipping index

Carrier parcel revenue increased across the 13 countries, collectively

Australia generated the third highest revenue per parcel across

Carrier revenues Carrier volumes Market share

1.2bn • Up from 0.85 in 2019

In Brazil, 39 parcels were generated every second, or 3.4 million each

Carrier revenues Carrier volumes Market share

1.6bn • Up from 1.2bn in 2019

In Canada, 50 parcels were generated every second, or 4.4

Carrier revenues Carrier volumes Market share

• Canada Post grew parcel volume by 22% to 390 million parcels

• Canada Post grew revenue by 24% to $2.6 billion

83bn • Up from 64bn in 2019

China remains the powerhouse of the Parcel Shipping Index.

Carrier revenues Carrier volumes Market share

• ZTO shipped the highest number of parcels, 17 billion, up 40%

1.6bn • Up from 1.3bn in 2019

In France, 50 parcels were generated every second, or 4.3 million

Carrier revenues Carrier volumes Market share

• DHL grew parcel volume by 7% to 51 million parcels

4.1bn • Up from 3.7bn in 2019

In Germany in 2020, 130 parcels were generated every

Carrier revenues Carrier volumes Market share

• DHL grew parcel volume by 15% from 2019

In 2020, India saw a sharp decline in parcel volume from

Carrier revenues Carrier volumes Market share

• Overall parcel volume in India decreased in 2020

In Italy in 2020, 41 parcels were generated every second or

Carrier revenues Carrier volumes Market share

9.1bn • Up from 9.06bn in 2019

9.1 billion parcels were generated in Japan in 2020, a

Carrier revenues Carrier volumes Market share

99m • Up from 76m in 2019

In Norway in 2020, 3 parcels were generated every second

Carrier revenues Carrier volumes Market share

• Posten Norge grew revenue by 19% to $166 million

170m • Up from 135m in 2019

In Sweden in 2020, 5 parcels were generated every

Carrier revenues Carrier volumes Market share

In the UK, 160 parcels were generated every second, or 14

Carrier revenues Carrier volumes Market share

• Hermes grew parcel volume by 63% year-over-year

20bn • Up from 15bn in 2019

In the US, 640 parcels were generated every second, or 55

Carrier revenues Carrier volumes Market share

• UPS generated the highest revenue at $60 billion, an increase of 15%

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