Global parcel volume reached 87 billion in 2018, up from 74 billion in 2017, according to the Pitney Bowes Parcel Shipping Index, the highest figure since the index first appeared.
In presenting the index numbers, Pitney Bowes stated that parcel volume will more than double within the next six years and reach 200 billion parcels by 2025 with a 13.7% compound annual growth rate for 2019 to 2023. Global shipping volume is on track to surpass 100 billion parcels in 2020 in aggregate across the 13 countries reviewed, with e-commerce as a driver.
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 kilograms or 70 pounds in 13 major markets, representing 3.7 billion people across the U.S., Canada, Brazil, Germany, the United Kingdom, France, Italy, Norway, Sweden, China, Japan, Australia and India. Pitney Bowes has compiled the index based on proprietary and published data annually since 2015.
China is the strongest single factor in the market with 51 billion parcels shipped in 2018. The country’s parcel industry volumes achieved compound annual growth rate of 41% from 2013 to 2018. Volume grew 26% year-over-year although growth has declined from the 48% to 61% growth occurring from 2012 to 2016.
The U.S. ranks tops in the index for parcel shipping revenue at $119 billion. Brazil experienced the second highest year-over-year growth rate in the index with a 25% increase in parcel volume from 2017 to 2018. India saw 25% compound annual growth rate in parcel volume growth from 2013 to 2018 and year-over-year growth of 21%.