In 2023, the market value of courier, express, and parcel (CEP) services in Thailand amounted to around 96 billion Thai baht. The CEP market value has increased recently, benefiting from the rising demand for online shopping during the COVID-19 pandemic.
The use of courier services amid COVID-19 pandemic in Thailand
Thai consumers have been enjoying the convenience of e-commerce for the past several years. With the COVID-19 pandemic, the preference for online shopping and having goods delivered to the home has accelerated. However, with lockdown measures and other rules imposed during this time, courier services faced restrictions such as curfews. Nonetheless, the revenue generated from last-mile delivery in Thailand still increased from the previous few years. The Thai courier market is highly competitive, with a mix of established operators and newcomers. In 2020, state-owned Thailand Post held the largest share of the market in terms of delivery volume, followed by Kerry Express.
Market value of courier, express, and parcel services in Thailand from 2019 to 2023 with a forecast for 2024
(in billion Thai baht)
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SHIPPOP Co., Ltd.. (September 23, 2023). Market value of courier, express, and parcel services in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
SHIPPOP Co., Ltd.. "Market value of courier, express, and parcel services in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht)." Chart. September 23, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
SHIPPOP Co., Ltd.. (2023). Market value of courier, express, and parcel services in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
SHIPPOP Co., Ltd.. "Market Value of Courier, Express, and Parcel Services in Thailand from 2019 to 2023 with a Forecast for 2024 (in Billion Thai Baht)." Statista, Statista Inc., 23 Sep 2023, https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
SHIPPOP Co., Ltd., Market value of courier, express, and parcel services in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht) Statista, https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/ (last visited October 30, 2024)
Market value of courier, express, and parcel services in Thailand from 2019 to 2023 with a forecast for 2024 (in billion Thai baht) [Graph], SHIPPOP Co., Ltd., September 23, 2023. [Online]. Available: https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
