- 16 December 2019
- Transport / Logistics Services
The International Posts Corporation (IPC) reports that global postal industry revenues grew to €409.8 billion in 2018. In addition, parcel volumes of units between 2-30kg grew by 9.1% on average in 2018, while aggregate volumes have doubled over the last decade. This is according to the IPC Global Industry Report 2019.
While medium to large parcel volumes doubled in size, the e-commerce market has quadrupled in the last 10 years according to the IPC.
Holger Winklbauer, CEO of IPC commented: “E-commerce remains the engine for postal industry growth. And with global e-commerce sales predicted to roughly double over the next five years, delivery firms are competing intensely to offer faster, cheaper and simpler solutions to consumers and e-retailers alike.”
While mail volumes fell overall, price increases per unit and lightweight e-commerce packets led postal operators’ mail revenues grow to €1.8 billion in 2018. Mail volumes fell on average 5.9% in 2018, accelerating from 5.0% in 2017.
The IPC reports that diversification out of their immediate markets – non-mail services accounted for 65.7% of industry revenues in 2018. Some postal operators saw as little as 10% of their revenues from mail due to this expansion.
Winklbauer concluded: “In the light of strong competition, posts worldwide are investing to meet the needs of customers both today and tomorrow, strengthening their positions in growth markets such as e-commerce logistics, while at the same time bolstering their digital capabilities. It will be interesting to see which kind of business models the posts will keep in order to grow their position on the e-commerce markets.”