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

The Philippines Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven by changes in delivery practices and increasing demand. The elimination of notification cards by the Philippine Postal Corporation has streamlined the delivery process, contributing to the market's expansion. As the economy recovers from the pandemic, the market is poised for continued growth, with a notable increase in cross-border e-commerce activities. This growth trajectory reflects the rising need for efficient courier services in the Philippines, highlighting the market's potential for further development.

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Market Size of philippines courier, express, and parcel (cep) Industry

Philippines Courier, Express, and Parcel (CEP) Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.24 Billion
svg icon Market Size (2030) USD 1.85 Billion
svg icon Largest Share by Destination Domestic
svg icon CAGR (2024 - 2030) 6.92 %
svg icon Fastest Growing by Destination International
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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.

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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

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

The Philippines Courier, Express, and Parcel (CEP) market is experiencing significant growth, driven by various factors including regulatory changes and increasing e-commerce activities. The elimination of notification cards by the Philippine Postal Corporation in 2021 has streamlined the delivery process, enhancing the efficiency of mail and parcel services. This move has contributed to a notable increase in the market's value, with expectations of continued growth in the coming years. The country's strategic location as a docking point for supply routes further bolsters its logistics industry, making it a key player in connecting global export and import markets. The rise in domestic consumption and international trade has also fueled the demand for warehousing and transportation facilities, supporting the expansion of the CEP market.

The market landscape is characterized by a fragmented structure, with major players like DHL Group, Lalamove, LBC Express Holdings, Inc., Ninja Logistics, and SM Investments Corporation (including 2GO) holding significant shares. Recent partnerships and campaigns, such as Lalamove's collaboration with Etiquetta PH and its "Abot-Kaya" campaign, highlight the industry's focus on enhancing delivery services and supporting business growth. The CEP market's growth trajectory is further supported by the increasing volume of cross-border e-commerce, particularly with countries like China, the United States, and South Korea. As the Philippines continues to recover and expand post-pandemic, the CEP market is poised for robust development, driven by technological advancements and strategic partnerships.

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

  1. 1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Destination

      1. 1.1.1 Domestic

      2. 1.1.2 International

    2. 1.2 Speed Of Delivery

      1. 1.2.1 Express

      2. 1.2.2 Non-Express

    3. 1.3 Model

      1. 1.3.1 Business-to-Business (B2B)

      2. 1.3.2 Business-to-Consumer (B2C)

      3. 1.3.3 Consumer-to-Consumer (C2C)

    4. 1.4 Shipment Weight

      1. 1.4.1 Heavy Weight Shipments

      2. 1.4.2 Light Weight Shipments

      3. 1.4.3 Medium Weight Shipments

    5. 1.5 Mode Of Transport

      1. 1.5.1 Air

      2. 1.5.2 Road

      3. 1.5.3 Others

    6. 1.6 End User Industry

      1. 1.6.1 E-Commerce

      2. 1.6.2 Financial Services (BFSI)

      3. 1.6.3 Healthcare

      4. 1.6.4 Manufacturing

      5. 1.6.5 Primary Industry

      6. 1.6.6 Wholesale and Retail Trade (Offline)

      7. 1.6.7 Others

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

The Philippines Courier, Express, and Parcel (CEP) Market size is expected to reach USD 1.24 billion in 2024 and grow at a CAGR of 6.92% to reach USD 1.85 billion by 2030.

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

Philippines Courier, Express, and Parcel (CEP) Market Report Snapshots

Philippines Courier, Express, and Parcel (CEP) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030