What is the current Philippines Courier, Express, and Parcel (CEP) Market size?

In 2024, the Philippines Courier, Express, and Parcel (CEP) Market size is expected to reach USD 1.24 billion. Read More

Who are the key players in Philippines Courier, Express, and Parcel (CEP) Market?

DHL Group, Lalamove, LBC Express Holdings, Inc., Ninja Logistics and SM Investments Corporation (including 2GO) are the major companies operating in the Philippines Courier, Express, and Parcel (CEP) Market. Read More

Which segment has the biggest share in the Philippines Courier, Express, and Parcel (CEP) Market?

In the Philippines Courier, Express, and Parcel (CEP) Market, the Domestic segment accounts for the largest share by destination. Read More

Which is the fastest growing segment in the Philippines Courier, Express, and Parcel (CEP) Market?

In 2024, the International segment accounts for the fastest growing by destination in the Philippines Courier, Express, and Parcel (CEP) Market. Read More

What years does this Philippines Courier, Express, and Parcel (CEP) Market cover, and what was the market size in 2023?

In 2023, the Philippines Courier, Express, and Parcel (CEP) Market size was estimated at 1.24 billion. The report covers the Philippines Courier, Express, and Parcel (CEP) Market historical market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. The report also forecasts the Philippines Courier, Express, and Parcel (CEP) Market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. Read More

Philippines Courier, Express, and Parcel (CEP) Market Size & Share Analysis - Industry Research Report

Philippines Courier, Express, and Parcel (CEP) Market Size

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Philippines Courier, Express, and Parcel (CEP) Market Summary

Icons	Lable	Value
	Study Period	2017 - 2030
	Market Size (2024)	USD 1.24 Billion
	Market Size (2030)	USD 1.85 Billion
	Largest Share by Destination	Domestic
	CAGR (2024 - 2030)	6.92 %
	Fastest Growing by Destination	International
	Market Concentration	Low
Major Players

*Disclaimer: Major Players sorted in alphabetical order.

Compare market size and growth of Philippines Courier, Express, and Parcel (CEP) Market with other markets in Logistics Industry

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Philippines Courier, Express, and Parcel (CEP) Market Analysis

The Philippines Courier, Express, and Parcel (CEP) Market size is estimated at 1.24 billion USD in 2024, and is expected to reach 1.85 billion USD by 2030, growing at a CAGR of 6.92% during the forecast period (2024-2030).

1.24 Billion

Market Size in 2024 (USD)

1.85 Billion

Market Size in 2030 (USD)

4.22 %

CAGR (2017-2023)

6.92 %

CAGR (2024-2030)

Fastest Growing Market by Speed of Delivery

7.82 %

Projected CAGR, Express, 2024-2030

Fast and cost-efficient express delivery solutions are being developed rapidly via rebranding, new service additions, and collaborations.

Fastest Growing Market by Model

9 %

Projected CAGR, Business-to-Consumer (B2C), 2024-2030

The 2022 E-commerce Philippines Roadmap has been a major growth catalyst as it addresses the challenges of the courier delivery system.

Largest Market by Shipment Weight

67.23 %

value share, Light Weight Shipments, 2023

Growing demand for the delivery of groceries, collaborations, and several companies specializing in handling lightweight shipments due to rising demand are driving the segment's growth.

Largest Market by End User Industry

42.47 %

value share, E-Commerce, 2023

Major e-commerce platforms are expanding logistics services via various initiatives due to increasing smartphone penetration that is generating delivery demand.

First Leading Market Player

11.23 %

market share, LBC Express Holdings, Inc., Inc.

LBC Express has over 1,400 branches across the Philippines, serving as drop-off and pickup points for customers. The company operates over 226 warehouses and hubs.

Demand in the domestic and international CEP markets is increasing owing to industry advancements and increasing e-commerce

In an attempt to speed up mail and parcel deliveries domestically and internationally in the country, the Philippine Postal Corporation (Philpott) eliminated notification cards in 2021. It was a 75-year-old practice causing significant delays in deliveries. Earlier, the mail or parcel recipient had to receive a notification card before a parcel could be picked up at the post office, which would usually take about two to three months in order to be received. This caused delays and thus made door-to-door deliveries inconvenient. Post this, the CEP market's value increased by 6.26% YoY in 2022, and it is further expected to register a CAGR of 6.31% during 2023-2029.
As of January 2020, before the pandemic started, 39% of the Philippine cross-border e-commerce was with China, followed by the United States with 23% and South Korea with 7%. As the economy re-opened post-pandemic, the Philippines had an average rate of 58 cross-border online purchases per person per year as of 2021. The country also accounted for 15% of the total online shopping market in Southeast Asia.
In 2019, PHLPost was the leading courier service with the highest number of outlets or branches in the Philippines, approximately 1,400. The other major domestic courier services were LBC and 2GO Express, with over 1,000 branches each. The United States was the biggest market for apparel exports for Philippines in 2022. Overall, exports of articles of apparel and clothing accessories amounted to USD 789 million in 2022. Owing to increasing demand post-pandemic, CEP value in the country is projected to grow at 6.26% YoY in 2023.

Philippines Courier, Express, and Parcel (CEP) Market

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Philippines Courier, Express, and Parcel (CEP) Market Trends

The Philippine GDP rise 7.6% annual growth in 2022, driven by rise in trade warehouse and industrial growth

In the fourth quarter of 2022, the Philippine GDP increased by 7.2%, leading to a 7.6% annual growth. Wholesale and retail trade, auto and motorcycle repair (8.7%), financial and insurance activities (9.8%), and manufacturing (4.2%) were the main drivers of the growth in the fourth quarter of 2022. The industries that made the most significant contributions to the annual growth for 2022 were manufacturing (5.0%), construction (12.7%), wholesale and retail trade (8.7%), and auto and motorcycle repair.
The Philippine logistics industry has the potential to reach between PHP 970 billion (USD 0.77 billion) and PHP 1 trillion (USD 0.017 trillion) by 2023. It is one of the most suitable docking locations for supply routes as it connects numerous export and import markets of various countries worldwide. The country's transportation, storage, and establishments industry, which currently makes up 21.1% of all businesses, will dominate the logistics market.
Warehousing is the second most significant component of the Philippine logistics market. The most important market contributors are industrial and retail warehousing and e-commerce firms. Manufacturing activities are increasing in the Philippines market. Rising domestic consumption and international trade activities are the primary drivers of warehousing growth in the Philippines. Warehousing in the Philippines has seen an increase in trade flow in recent years, which has boosted demand for transportation and storage facilities. A yearly increase in cumulative cargo throughout the country has also positively impacted the Philippine warehousing industry.

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Despite the decline in the Philippine energy sector by 4.8% in 2022, it is poised to grow by 5.5% in 2023

The Philippine government allocated PHP 2.5 billion (USD 49 million) in fuel subsidies for public transportation drivers in 2022 despite rising oil prices as a result of Russia's attack on Ukraine. The funds would be used for the Department of Transportation's fuel subsidy program, providing vouchers to 377,000 drivers. In 2022, the average retail price of one-liter gas in the Philippines was around 1.55 USD, reflecting a significant increase from the previous year's retail price of 1.04 USD.
In 2021, the price of natural gas increased by 77.55% due to the increasing demand for air conditioning in homes and buildings and natural gas in the power sector. Oil firms raised the prices of petroleum products for the sixth week in a row in August 2023 by PHP 2.50 (USD 0.04) per liter. Saudi Arabia continued its production cuts amid rising demand. The price of gasoline increased by PHP 1.90 (USD 0.03) per liter and diesel by PHP 1.50 (USD 0.02) per liter. According to the Department of Energy's (DOE) Oil Industry Management Bureau, prices will likely increase over the next two months as global supply continues to decline despite high demand.
During 2022-2031, the demand for oil in the Philippines is expected to increase by 3.4%, and net imports are estimated to increase by around 3.5%. The energy sector in the Philippines declined by 4.8% in 2022, but it is expected to grow by 5.5% in 2023. However, there are supply limitations, and the sector needs to shift toward green energy. As the population grows and the domestic gas supply decreases, the country is expected to rely heavily on imported fuel, leading to a power shortage from 2024 to 2025.

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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

The presence of more than one million e-commerce businesses in the Philippines is boosting the economy
The highest inflation increase since 2008 occurred in 2022 owing to an increase in prices of food and non-alcoholic beverages
The manufacturing sector's contribution to GDP grew by 10.92% YoY in 2022, led by the food and beverages sub-segment
Biofuel is expected to be among the top import commodities in the Philippines by 2026

The e-commerce sector is leading market growth in the Philippines, with a rising number of businesses entering online retailing
The e-commerce industry experienced a growth of 4% YoY in 2022, led by the electronics sub-segment
Electronic commodities valued at USD 3.17 billion in the Philippines boosted exports in 2022
The Philippines rank 43rd in the Logistic performance Index due to improving in clearance processes

Philippines Courier, Express, and Parcel (CEP) Industry Overview

The Philippines Courier, Express, and Parcel (CEP) Market is fragmented, with the top five companies occupying 36.76%. The major players in this market are DHL Group, Lalamove, LBC Express Holdings, Inc., Ninja Logistics and SM Investments Corporation (including 2GO) (sorted alphabetically).

Philippines Courier, Express, and Parcel (CEP) Market Leaders

DHL Group
Lalamove
LBC Express Holdings, Inc.
Ninja Logistics
SM Investments Corporation (including 2GO)

Philippines Courier, Express, and Parcel (CEP) Market Concentration

Other important companies include Ayala Corporation, Entrego, FedEx, J&T Express, Philippine Postal Corporation (PHLPost), United Parcel Service of America, Inc. (UPS), Ximex Delivery Express Logistics Inc. (XDE).

*Disclaimer: Major Players sorted in alphabetical order.

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Philippines Courier, Express, and Parcel (CEP) Market News

December 2023: Etiquetta PH has partnered with Lalamove and this has opened more resources for a more efficient and convenient delivery experience for their customers through the same-day or next-day delivery service. It has also been utilizing the wide range of vehicles that Lalamove offers to help it adapt to the ever-changing demands of its customers during the peak season.
August 2023: Lalamove had launched its “Abot-Kaya” campaign to empower entrepreneurs through affordable and reliable same-day truck delivery services across areas in Luzon and island-wide coverage in Cebu. Lalamove’s latest ad shows how business owners can sustainably manage and scale up their businesses as they fulfill their day-to-day transactions and deliveries with Lalamove delivery trucks, ranging from 1,000 KG, 2,000 KG, to 6-wheel and 10-wheel wing van trucks.
March 2023: UPS entered a partnership with Google Cloud, where Google will help UPS by putting radio-frequency identification chips on packages to track them efficiently.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export-import trends, logistics performance among other key indicators.

Philippines Courier, Express, and Parcel (CEP) Market Report - Table of Contents

EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1. 1.1. Study Assumptions & Market Definition
2. 1.2. Scope of the Study
3. 1.3. Research Methodology
2. KEY INDUSTRY TRENDS
1. 2.1. Demographics
2. 2.2. GDP Distribution By Economic Activity
3. 2.3. GDP Growth By Economic Activity
4. 2.4. Inflation
5. 2.5. Economic Performance And Profile
  1. 2.5.1. Trends in E-Commerce Industry
  2. 2.5.2. Trends in Manufacturing Industry
6. 2.6. Transport And Storage Sector GDP
7. 2.7. Export Trends
8. 2.8. Import Trends
9. 2.9. Fuel Price
10. 2.10. Logistics Performance
11. 2.11. Infrastructure
12. 2.12. Regulatory Framework
  1. 2.12.1. Philippines
13. 2.13. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)
1. 3.1. Destination
  1. 3.1.1. Domestic
  2. 3.1.2. International
2. 3.2. Speed Of Delivery
  1. 3.2.1. Express
  2. 3.2.2. Non-Express
3. 3.3. Model
  1. 3.3.1. Business-to-Business (B2B)
  2. 3.3.2. Business-to-Consumer (B2C)
  3. 3.3.3. Consumer-to-Consumer (C2C)
4. 3.4. Shipment Weight
  1. 3.4.1. Heavy Weight Shipments
  2. 3.4.2. Light Weight Shipments
  3. 3.4.3. Medium Weight Shipments
5. 3.5. Mode Of Transport
  1. 3.5.1. Air
  2. 3.5.2. Road
  3. 3.5.3. Others
6. 3.6. End User Industry
  1. 3.6.1. E-Commerce
  2. 3.6.2. Financial Services (BFSI)
  3. 3.6.3. Healthcare
  4. 3.6.4. Manufacturing
  5. 3.6.5. Primary Industry
  6. 3.6.6. Wholesale and Retail Trade (Offline)
  7. 3.6.7. Others
4. COMPETITIVE LANDSCAPE
1. 4.1. Key Strategic Moves
2. 4.2. Market Share Analysis
3. 4.3. Company Landscape
4. 4.4. Company Profiles
  1. 4.4.1. Ayala Corporation
  2. 4.4.2. DHL Group
  3. 4.4.3. Entrego
  4. 4.4.4. FedEx
  5. 4.4.5. J&T Express
  6. 4.4.6. Lalamove
  7. 4.4.7. LBC Express Holdings, Inc.
  8. 4.4.8. Ninja Logistics
  9. 4.4.9. Philippine Postal Corporation (PHLPost)
  10. 4.4.10. SM Investments Corporation (including 2GO)
  11. 4.4.11. United Parcel Service of America, Inc. (UPS)
  12. 4.4.12. Ximex Delivery Express Logistics Inc. (XDE)
5. KEY STRATEGIC QUESTIONS FOR CEP CEOS
6. APPENDIX
1. 6.1. Global Overview
  1. 6.1.1. Overview
  2. 6.1.2. Porter’s Five Forces Framework
  3. 6.1.3. Global Value Chain Analysis
  4. 6.1.4. Market Dynamics (DROs)
  5. 6.1.5. Technological Advancements
2. 6.2. Sources & References
3. 6.3. List of Tables & Figures
4. 6.4. Primary Insights
5. 6.5. Data Pack
6. 6.6. Glossary of Terms

List of Tables & Figures

Figure 1:
POPULATION DISTRIBUTION BY GENDER, COUNT, PHILIPPINES, 2017 - 2030

Figure 2:
POPULATION DISTRIBUTION BY DEVELOPMENT AREA, COUNT, PHILIPPINES, 2017 - 2030

Figure 3:
POPULATION DENSITY, POPULATION/SQ. KM, PHILIPPINES, 2017 - 2030

Figure 4:
DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, PHILIPPINES, 2022

Figure 5:
GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, PHILIPPINES, 2017 – 2022

Figure 6:
WHOLESALE PRICE INFLATION RATE, %, PHILIPPINES, 2017 - 2022

Figure 7:
CONSUMER PRICE INFLATION RATE, %, PHILIPPINES, 2017 - 2022

Figure 8:
GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, PHILIPPINES, 2017 - 2027

Figure 9:
SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, PHILIPPINES, 2022

Figure 10:
GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, PHILIPPINES, 2017 - 2022

Figure 11:
SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, PHILIPPINES, 2022

Figure 12:
VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, PHILIPPINES, 2017 – 2022

Figure 13:
TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, PHILIPPINES, 2022

Figure 14:
VALUE OF EXPORTS, USD, PHILIPPINES, 2017 - 2022

Figure 15:
VALUE OF IMPORTS, USD, PHILIPPINES, 2017 - 2022

Figure 16:
FUEL PRICE BY TYPE OF FUEL, USD/LITER, PHILIPPINES, 2017 - 2022

Figure 17:
RANK OF LOGISTICS PERFORMANCE, RANK, PHILIPPINES, 2010 - 2023

Figure 18:
LENGTH OF ROADS, KM, PHILIPPINES, 2017 - 2022

Figure 19:
SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, PHILIPPINES, 2022

Figure 20:
SHARE OF ROAD LENGTH BY ROAD CLASSIFICATION, %, PHILIPPINES, 2022

Figure 21:
CONTAINERS HANDLED AT MAJOR PORTS, TWENTY-FOOT EQUIVALENT UNITS (TEUS), PHILIPPINES, 2022

Figure 22:
CARGO WEIGHT HANDLED AT MAJOR AIRPORTS, TONS, PHILIPPINES, 2022

Figure 23:
VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 24:
VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 25:
VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, NUMBER OF PARCELS, PHILIPPINES 2017 - 2030

Figure 26:
VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, USD, PHILIPPINES 2017 - 2030

Figure 27:
VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2017 - 2030

Figure 28:
VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2017 - 2030

Figure 29:
VOLUME OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 30:
VALUE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 31:
VALUE SHARE OF DOMESTIC COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 32:
VOLUME OF INTERNATIONAL COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 33:
VALUE OF INTERNATIONAL COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 34:
VALUE SHARE OF INTERNATIONAL COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 35:
VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, NUMBER OF PARCELS, PHILIPPINES 2017 - 2030

Figure 36:
VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, USD, PHILIPPINES 2017 - 2030

Figure 37:
VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, %, PHILIPPINES, 2017 - 2030

Figure 38:
VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SPEED OF DELIVERY, %, PHILIPPINES, 2017 - 2030

Figure 39:
VOLUME OF EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 40:
VALUE OF EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 41:
VALUE SHARE OF EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 42:
VOLUME OF NON-EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 43:
VALUE OF NON-EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 44:
VALUE SHARE OF NON-EXPRESS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 45:
VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, NUMBER OF PARCELS, PHILIPPINES 2017 - 2030

Figure 46:
VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, USD, PHILIPPINES 2017 - 2030

Figure 47:
VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, %, PHILIPPINES, 2017 - 2030

Figure 48:
VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODEL, %, PHILIPPINES, 2017 - 2030

Figure 49:
VOLUME OF BUSINESS-TO-BUSINESS (B2B) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 50:
VALUE OF BUSINESS-TO-BUSINESS (B2B) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 51:
VALUE SHARE OF BUSINESS-TO-BUSINESS (B2B) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 52:
VOLUME OF BUSINESS-TO-CONSUMER (B2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 53:
VALUE OF BUSINESS-TO-CONSUMER (B2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 54:
VALUE SHARE OF BUSINESS-TO-CONSUMER (B2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 55:
VOLUME OF CONSUMER-TO-CONSUMER (C2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 56:
VALUE OF CONSUMER-TO-CONSUMER (C2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 57:
VALUE SHARE OF CONSUMER-TO-CONSUMER (C2C) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 58:
VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, NUMBER OF PARCELS, PHILIPPINES 2017 - 2030

Figure 59:
VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, USD, PHILIPPINES 2017 - 2030

Figure 60:
VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, %, PHILIPPINES, 2017 - 2030

Figure 61:
VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY SHIPMENT WEIGHT, %, PHILIPPINES, 2017 - 2030

Figure 62:
VOLUME OF HEAVY WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 63:
VALUE OF HEAVY WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 64:
VALUE SHARE OF HEAVY WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 65:
VOLUME OF LIGHT WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 66:
VALUE OF LIGHT WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 67:
VALUE SHARE OF LIGHT WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 68:
VOLUME OF MEDIUM WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 69:
VALUE OF MEDIUM WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 70:
VALUE SHARE OF MEDIUM WEIGHT SHIPMENTS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 71:
VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, NUMBER OF PARCELS, PHILIPPINES 2017 - 2030

Figure 72:
VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, USD, PHILIPPINES 2017 - 2030

Figure 73:
VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, %, PHILIPPINES, 2017 - 2030

Figure 74:
VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY MODE OF TRANSPORT, %, PHILIPPINES, 2017 - 2030

Figure 75:
VOLUME OF AIR COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 76:
VALUE OF AIR COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 77:
VALUE SHARE OF AIR COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 78:
VOLUME OF ROAD COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 79:
VALUE OF ROAD COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 80:
VALUE SHARE OF ROAD COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 81:
VOLUME OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 82:
VALUE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 83:
VALUE SHARE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2022 VS 2030

Figure 84:
VOLUME OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, NUMBER OF PARCELS, PHILIPPINES 2017 - 2030

Figure 85:
VALUE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, USD, PHILIPPINES 2017 - 2030

Figure 86:
VALUE SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2017 - 2030

Figure 87:
VOLUME SHARE OF COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY END USER INDUSTRY, %, PHILIPPINES, 2017 - 2030

Figure 88:
VOLUME OF E-COMMERCE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 89:
VALUE OF E-COMMERCE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 90:
VALUE SHARE OF E-COMMERCE COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2022 VS 2030

Figure 91:
VOLUME OF FINANCIAL SERVICES (BFSI) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 92:
VALUE OF FINANCIAL SERVICES (BFSI) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 93:
VALUE SHARE OF FINANCIAL SERVICES (BFSI) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2022 VS 2030

Figure 94:
VOLUME OF HEALTHCARE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 95:
VALUE OF HEALTHCARE COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 96:
VALUE SHARE OF HEALTHCARE COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2022 VS 2030

Figure 97:
VOLUME OF MANUFACTURING COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 98:
VALUE OF MANUFACTURING COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 99:
VALUE SHARE OF MANUFACTURING COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2022 VS 2030

Figure 100:
VOLUME OF PRIMARY INDUSTRY COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 101:
VALUE OF PRIMARY INDUSTRY COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 102:
VALUE SHARE OF PRIMARY INDUSTRY COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2022 VS 2030

Figure 103:
VOLUME OF WHOLESALE AND RETAIL TRADE (OFFLINE) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 104:
VALUE OF WHOLESALE AND RETAIL TRADE (OFFLINE) COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 105:
VALUE SHARE OF WHOLESALE AND RETAIL TRADE (OFFLINE) COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2022 VS 2030

Figure 106:
VOLUME OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, NUMBER OF PARCELS, PHILIPPINES, 2017 - 2030

Figure 107:
VALUE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET, USD, PHILIPPINES, 2017 - 2030

Figure 108:
VALUE SHARE OF OTHERS COURIER, EXPRESS, AND PARCEL (CEP) MARKET BY DESTINATION, %, PHILIPPINES, 2022 VS 2030

Figure 109:
MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, PHILIPPINES, 2022

Figure 110:
MOST ADOPTED STRATEGIES, COUNT, PHILIPPINES, 2022

Figure 111:
VALUE SHARE OF MAJOR PLAYERS, %, PHILIPPINES 2022

Philippines Courier, Express, and Parcel (CEP) Industry Segmentation

Domestic, International are covered as segments by Destination. Express, Non-Express are covered as segments by Speed Of Delivery. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Air, Road, Others are covered as segments by Mode Of Transport. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry.

In an attempt to speed up mail and parcel deliveries domestically and internationally in the country, the Philippine Postal Corporation (Philpott) eliminated notification cards in 2021. It was a 75-year-old practice causing significant delays in deliveries. Earlier, the mail or parcel recipient had to receive a notification card before a parcel could be picked up at the post office, which would usually take about two to three months in order to be received. This caused delays and thus made door-to-door deliveries inconvenient. Post this, the CEP market's value increased by 6.26% YoY in 2022, and it is further expected to register a CAGR of 6.31% during 2023-2029.
As of January 2020, before the pandemic started, 39% of the Philippine cross-border e-commerce was with China, followed by the United States with 23% and South Korea with 7%. As the economy re-opened post-pandemic, the Philippines had an average rate of 58 cross-border online purchases per person per year as of 2021. The country also accounted for 15% of the total online shopping market in Southeast Asia.
In 2019, PHLPost was the leading courier service with the highest number of outlets or branches in the Philippines, approximately 1,400. The other major domestic courier services were LBC and 2GO Express, with over 1,000 branches each. The United States was the biggest market for apparel exports for Philippines in 2022. Overall, exports of articles of apparel and clothing accessories amounted to USD 789 million in 2022. Owing to increasing demand post-pandemic, CEP value in the country is projected to grow at 6.26% YoY in 2023.

Destination
		Domestic
		International

Speed Of Delivery
		Express
		Non-Express

Model
		Business-to-Business (B2B)
		Business-to-Consumer (B2C)
		Consumer-to-Consumer (C2C)

Shipment Weight
		Heavy Weight Shipments
		Light Weight Shipments
		Medium Weight Shipments

Mode Of Transport
		Air
		Road
		Others

End User Industry
		E-Commerce
		Financial Services (BFSI)
		Healthcare
		Manufacturing
		Primary Industry
		Wholesale and Retail Trade (Offline)
		Others

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Market Definition

Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international shipments.
Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
Domestic Courier Market - Domestic Courier Market refers to the CEP shipments wherein the origin and destination is within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express).
E-Commerce - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the e-tailers, through online sales channel, on Courier, Express, and Parcel (CEP) services. The scope includes (i) the supply chain of a company's online customer orders being fulfilled, (ii) the process of getting a product from the point of manufacturing to the point at which it is delivered to consumers. It involves managing inventory (deferred as well as time critical), shipping, and distribution.
Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
Financial Services (BFSI) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the BFSI players, on Courier, Express, and Parcel (CEP) services. CEP is important to the financial services industry in shipping of confidential documents and files. The establishments in this sector are engaged in (i) financial transactions (that is, transactions involving the creation, liquidation, or change in ownership of financial assets) or in facilitating financial transactions, (ii) financial intermediation, (iii) the pooling of risk by underwriting annuities and insurance, (iv) providing specialized services that facilitate or support financial intermediation, insurance and employee benefit programs, and (v) monetary control - the monetary authorities.
Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
Healthcare - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Healthcare players (Hospitals, clinics, mrdical centres) , on Courier, Express, and Parcel (CEP) services. The scope includes CEP services involved in the defrerred as well time critical movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment). The establishments in this sector (i) include the ones providing medical care exclusively (ii) deliver services by trained professionals (iii) involve processes, including labor inputs of health practitioners with the requisite expertise (iv) are defined based on the educational degree held by the practitioners included in the industry.
Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
Infrastructure - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
International Express Service Market - International Express Service Market refers to the CEP shipments wherein the origin or destination is not within the boundary of the geography studied (country or region as per the scope of report). It captures the market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, including light weight shipments, medium weight shipments and heavy weight shipments (ii) Inter-Region as well as Intra-Region Shipments
Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry (including Hi-Tech/Technology) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the construction, real estate, educational services, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on Courier, Express, and Parcel (CEP) services. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of time critical supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files.
Primary Industry - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF (Agriculture, Fishing, and Forestry) and Extraction indsutry (Oil &Gas, Quarrying and Mining) players, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments (i) primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities; (ii) that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Herein, Logistics Service Providers (LSPs) (i) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers; (ii) cover entire phases from upstream to downstream and play a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the courier, express, and parcel (CEP) market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
Wholesale and Retail Trade (Offline) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, through offline sales channel, on Courier, Express, and Parcel (CEP) services. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.

Keyword	Definition
Axle Load	The axle load refers to the total load (weight) bearing on the roadway through wheels connected to a given axle. Across the globe, there are systems in place to ensure axle load monitoring, wherein surpassing the defined limits set by the concerned regulatory authority can lead to penalty/fine. For transportation of goods via road this can be an important determinant of costs as knowledge about the axle load limits can be used to (i) load the vehicle optimally for maximizing profits (ii) avoid exceeding the same and hence the probable fines associated (iii) avoid wear and tear of the vehicle (iv) avoid damage to pavement resulting in noticeable public maintenance and repair costs (v) achieve better turnaround time.
Back Haul	Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure, and can include full, partial, or empty truck loads (all or part of the way) depending on the visibility of the local freight ecosystem. In this regard, transportation of empty containers to the point of origin, known as deadheading is also a significant factor, considering the supply/container shortages across the geographies, resulting in cost escalation and under optimized profit potential attainment. Generally, the carriers offer discounts on the backhaul, to secure freight for the trip.
Bill of Lading (BOL)	A bill of lading is a legal contract document issued by a carrier to a shipper to acknowledge reception of their cargo, and is evidence for the contract of carriage between the two parties. Broadly it details the (i) type, quantity, and other specifications of the goods being carried (ii) destination, and terms & conditions of the shipment (iii) carrier and drivers with all the necessary information to process the shipment, which can be used for insurance and customs clearance purposes (iv) assurance that the consignment is damage-free and ready to be shipped to the consignee. In this regard, a house bill of lading (HBL) is a document issued by a freight forwarder or a non-vessel operating common carrier (NVOCC) to acknowledge receipt of items for shipment (to a shipper). If shipments from several shippers are involved a master bill of lading (MBL) might be involved which is a consolidated version of the same for all the shipments being taken care of by the carrier (to a common destination) and might be issued by the carrier to the freight forwarder or the shipper (depending on who books the transport).
Bunkering	Bunkering is the process of supplying fuel to power the propulsion system of a ship. It includes the logistics of loading and distributing the fuel among available shipboard tanks. In this regard, (i) Bunker fuel is technically any type of fuel oil used aboard ships. It gets its name from the containers on ships and in ports that it is stored in; in the days of steam they were coal bunkers but now they are bunker-fuel tanks, (ii) Bunker refers to the spaces (Tank) on board a vessel to store fuel, (iii) Bunker trader refers to a person dealing in trade of bunker (fuel), (iv) Bunker call is made when a cargo ship anchors or berths in a port to take on bunker oil or supplies, (v) Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. Bunkering is signficant from point of view of freight rates applicable to the shipper as Bunker Contribution (BUC)/ Fuel Adjustment Factor (FAF)/ Bunker Adjustment Factor (BAF) are applied by shipping lines to offset the effect of fluctuations in the cost of bunkers.
Cabotage	Transport by a vehicle registered in a country, performed on the national territory of another country. Cabotage law may restrict domestic cargo traffic to be carried in its own nationally registered, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cabotage that can be serviced by foreign registered fleet.
C-commerce	Collaborative commerce (also known as C-commerce), (i) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community (industry, industry segment, supply chain or supply chain segment); (ii) is the optimization of supply and distribution channels to capitalize on the global economy by using new technology efficiently. Advantages of C-commerce, to detail few include (i) maximization of organization's efficiency and profitability (ii) technology integration with physical channels to allow companies to work together (iii) increased information exchange such as inventory and product specifications, using the web as an intermediary (iv) increased competitiveness by reaching a broader audience. Examples of C-commerce, also known as peer-to-peer commerce, include (i) companies that allow consumers to rent things from each other, or marketplaces, such as Meta (formerly Facebook) Marketplace, that allow the sale of used goods; (ii) DoorDash teamed up with many national brands, such as McDonald’s and Chipotle, to offer fast food delivery, building their business model on c-commerce. They have since expanded their delivery service from restaurants to retailers and even offer 'fleets' of drivers to businesses.
Courier	A business/company that delivers packages/parcels/shipments (upto 70 kgs) including quick door to door pickup and delivery service for goods or documents, domestically or internationally, on a commercial contract basis. Example, DHL Group, FedEx, United Parcel Service of America, Inc., USPS, International Distributions Services, J&T Express, SF Express among several others
Cross docking	Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. It requires close synchronization of both inbound and outbound movements. It is highly significant in reduction of costs pertaining to warehousing & storage (and the associated Value Added Services).
Cross Trade	International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and the country of unloading/disembarkation. Cross Trade law may restrict international cargo traffic to be carried by respective country's registered vehicles, and sometimes built and crewed vehicles, though regulations vary across industries/commodity groups/countries and sometimes specify maximum allowable percentage of cross trade that can be serviced by foreign registered fleet.
Customs Clearance	The process of declaring and clearing cargoes through customs. It includes the procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo. In this regard, a customs broker is a person or company licensed by the respective department of the country to act on behalf of freight importers and exporters.
Dangerous Goods	Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases (compressed, liquified, dissolved under pressure), corrosives, oxidising substances, explosive substances and articles, substances which on contact with water emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles.
First mile Delivery	First mile delivery refers to the (i) first stage of the freight/shipment/cargo/courier transportation (ii) the transportation of goods from a merchant’s premises or warehouse to the next fulfillment centre/warehouse/hub from where the goods are forwarded (iii) shipping goods from local distribution centers to stores (For retailers) (iv) transportation of finished goods from a plant or a factory to a distribution center (For manufacturers), (v) pick up of goods from the end-customer’s home or store followed by movement to a warehouse or storage location (movers and packers), (vi) process where goods are picked up from a retailer and then transferred to third-party logistics providers or courier service providers to be delivered to the end-consumer (e-commerce). Once the package reaches the next warehouse or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. Example, if one chooses UPS as a courier, first-mile delivery will be the product being delivered from manufacturer's/retailer's warehouse to the UPS’s warehouse/ fulfilment centre.
Last Mile Delivery	Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub (warehouse or a distribution center or fulfillment centre) to its final destination, which usually is a personal residence/retail store/ business, or parcel locker. It accounts for around half of the total cost involved in entire process of first mile, middle mile, and last mile delivery, though it can vary shipment to shipment, based on commodity, business model and similar factors.
Milkrun	A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer, using lean management principles applied to logistics. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. A milk run can be a more efficient way to handle logistics but require proper planning. If the route involves products from different companies, there is need for an agreement about cost-sharing and other aspects of the cooperative delivery arrangement. Once the group settles these issues, this delivery method can save time and money for everyone by pooling operation costs and resources.
Multi country consolidation	Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates one's cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. Apart from costing some of the other advantages include (i) flexibility to choose suppliers from a wider range of origin countries without worrying about the logistics to final destination from each origin, (ii) ability to pick the most suitable suppliers from many different countries for one's business operations. The increase in one's sourcing options by MCC provides the kind of flexibility needed in competitive global markets.
Q-commerce	Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. The companies providing Q-Commerce services might have vertically intergrated model or might be using third party delivery platforms (outsourced logistics). It has advantages like (i) competitve USP, (ii) potential to earn greater profit margins, (iii) better customer experience, (iv) guaranteed availability of products, (v) traceability, and (vi) scaleability.
ReverseLogistics	Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers and may involve ciruclar economy principles (3Rs) viz. recycling, reuse (repurposing, reselling), reducing or repairing. In this regard, reverse commerce (or Recommerce) is the selling of previously owned items through physical or online marketplaces/distribution channels to buyers who reuse, recycle or resell them.

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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms