International Express Service in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
5990aRevenue
$20.4bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
92,292
Businesses
464
Wages
$X.Xbn
International Express Service in China industry analysis
China's International Express Service industry has experienced substantial growth in the past decade, mainly due to improving economic conditions, rising residential income levels and better infrastructure. Industry performance is also closely related to China's cross-border ecommerce market development. Industry revenue is expected to grow at an annualized 15.6% over the five years through 2023, to $20.4 billion. This includes 16.6% growth in 2023.The cross-border ecommerce market has developed rapidly, benefiting from more Internet users and government support. As of 2022, the number of Internet users in China has reached 1.1 billion and the Internet penetration rate across the total population also increased, to 75.6%. Cross-border ecommerce transaction's share of China's total import and export value of goods reached 37.3% in 2023. In the five years to 2023, China's total international courier volume is expected to rise at an average rate of 15.5%, to 2.3 billion units.Total international courier volume decreased by 3.8% from 2021 due to the COVID-19 outbreak, a much lower volume compared with previous years. This is mainly because the COVID-19 pandemic's repetitive cycles resulted in the reduction or suspension of international flights which reduced transportation efficiency and increased transportation costs.Industry revenue is forecast to rise an annualized 10.0% over the five years through 2028, to $32.9 billion. China's economic recovery and heightened international trade – prompted by China's ascension to the World Trade Organization – will continue to support industry growth. The new Regional Comprehensive Economic Partnership free trade agreement will also stimulate international trade between China and other member countries, further growing international express services demand. The development of technology and systems relevant to international express activities is forecast to improve rapidly over the coming years. Industry productivity and efficiency are forecast to improve.
Trends and Insights
- A rapidly growing cross-border ecommerce market has boosted industry demand. China’s cross-border ecommerce market has developed rapidly, stimulating international express services demand.
- Ground delivery represents the largest service segment. China's large land mass requires strong land transportation operational support, making ground delivery the largest revenue source.
- The industry has obvious regional characteristics. International express companies are mainly concentrated in regions with better economic performance and dynamic international trade activities, and so are concentrated in coastal regions.
- Foreign capital dominates the market. The three largest industry players are all foreign companies, with a joint market share of 50.6% in 2023.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 15.6 % over the past five years, to reach an estimated $20.4bn in 2024.
Trends and Insights
China's rapid cross-border ecommerce development has stimulated industry demand
- Cross-border e-commerce refers to an international commercial activity in which transaction entities belonging to different customs territories complete transactions, settle electronic payments through e-commerce platforms, and deliver goods through cross-border e-commerce logistics and remote warehousing.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
China's economic and international trade recover will support industry future growth
- The aggravated COVID-19 epidemic in 2022 has resulted in slower growth of China's economy, which was 3.0% in the year. International courier volume in China decreased by 3.8% in 2022.
Biggest companies in the International Express Service in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the International Express Service in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Air delivery services, Ground delivery services and Messenger and local delivery services. Air delivery services is the largest segment of the International Express Service in China.
Trends and Insights
Ground delivery is important due to China's large land mass
- Ground delivery refers that parcel or mail is sorted and transported to the region in which the customer lives.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Freight Transport by Sea in China
- Couriers in China
Complementors
- Storage & Warehousing in China
International industries
- Global Courier & Delivery Services
- Couriers & Local Delivery Services in the US
- Couriers & Local Delivery Services in Canada
- Courier Pick-up and Delivery Services in Australia
- Postal and Courier Pick-up and Delivery Services in New Zealand
Table of Contents
About this industry
Industry definition
The International Express Service industry in China provides transportation, collection, and express delivery services for parcels, documents and packages between China and foreign destinations. Services provided by the national postal system are excluded from the industry.
What's included in this industry?
Air delivery servicesGround delivery servicesMessenger and local delivery servicesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
CHINA POSTEXPRESS MAIL SERVICES (EMS)INLAND EXPRESS SERVICESPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
A rapidly growing cross-border ecommerce market has boosted industry demand. China’s cross-border ecommerce market has developed rapidly, stimulating international express se...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Ground delivery represents the largest service segment. China's large land mass requires strong land transportation operational support, making ground delivery the largest re...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The industry has obvious regional characteristics. International express companies are mainly concentrated in regions with better economic performance and dynamic internation...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Foreign capital dominates the market. The three largest industry players are all foreign companies, with a joint market share of 50.6% in 2023.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Foreign companies have a strategic advantage. They have significant experience and extensive networks in the international express services industry, which gives them an adva...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The government encourages industry development. The Chinese Government has proposed to accelerate the establishment of international express channels during the 14th Five-yea...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Fuel costs are high. Industry operators mainly rely on trucks and aircrafts for transportation, which consume a large amount of fuel, resulting in high purchase costs.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the International Express Service industry in China in 2024?
The market size of the International Express Service industry in China is $20.4bn in 2024.
How many businesses are there in the International Express Service in China industry in 2024?
There are 464 businesses in the International Express Service industry in China, which has grown at a CAGR of 1.0 % between 2019 and 2024.
Has the International Express Service industry in China grown or declined over the past 5 years?
The market size of the International Express Service industry in China has been growing at a CAGR of 15.6 % between 2019 and 2024.
What is the forecast growth of the International Express Service industry in China over the next 5 years?
Over the next five years, the International Express Service industry in China is expected to grow.
What does the International Express Service in China include?
Air delivery services and Ground delivery services are part of the International Express Service industry.
How competitive is the International Express Service industry in China?
The level of competition is high and increasing in the International Express Service industry in China.
