Pitney Bowes presented their Pitney Bowes Parcel Shipping Index report that measures volume and spend for the business to business (B2B), the business to consumer (B2C), the consumer to business (C2B) and the consumer consigned shipments weighing up to 70 lbs (31.5 kg). It comprises the twelve markets of Australia, the United States, Canada, Japan, India, the United Kingdom, Germany, Brazil, Italy, France, Sweden and Norway.
The numbers from the Pitney Bowes Parcel Shipping Index report
According to the Pitney Bowes Parcel Shipping Index report, the parcel shipping market of Australia increased by 8.8% in terms of volume and 8.2% in terms of spend at AU$9.6 billion which is the biggest any country from the Asia-Pacific region has seen in growth for 2015. Its growth exceeded the biggest parcel shipping market in the report as the United States parcel shipping volume increased by 3.6% in 2015. Japan, the second biggest parcel shipping market in the report, saw a decrease of 1.7% despite its spend growing by 2.6% to ¥2,480 billion.
Overall, the report indicated that 31 billion parcels were shipped in the twelve markets in 2015. This increased to 2.9% from 2014. In addition, there is an expected growth annually of 5% to 7% in parcel shipping with a total increase of 20% by 2018.
The factors driving the parcel shipping market
Growth in e-commerce drives the parcel shipping market. Based from the recent Pitney Bowes Global Online Shopping Survey, the Australians are the leaders in terms of online shopping:
- Eighty-eight percent of Australians do online shopping with 47% doing it monthly.
- Eighty-six percent of Australians bought products online from international retailers in 2015 – ranked second to Singapore.
- Seventy-eight percent of Australians purchased online cross-border during October and in 2015 – ranked first in the world.
Precise and accurate shipping is very important for businesses worldwide. This is also important for the shoppers especially during the upcoming holiday shopping season since they don’t want issues like a wrong address, a lost item or a tracking inaccuracy to affect their parcels. Check www.parcel2courier.com for a no-fail parcel shipping service in Australia.