China’s express delivery sector has seen robust growth since the start of 2019.
Figures released by the State Post Bureau indicate that China’s national express delivery operations volume was 17.07 billion deliveries for the first four months of 2019, for YoY growth of 24.8%.
Business revenues of express delivery services enterprises were 213.54 billion yuan over the period, for YoY growth of 22.8%.
The Chinese express delivery sector handled an average of 160 million deliveries per day, with a daily maximum of 180 million deliveries.
In April China’s express delivery sector completed 4.92 billion deliveries for YoY growth of 31.1%, while business revenue was 59.25 billion yuan, for a YoY rise of 26.9%.
Express delivery in rural parts of China has been especially rapid, with volumes seeing YoY growth of over 30% for the first four months of 2019, more than 7 percentage points ahead of urban areas.
Services in support of agricultural product sales were in excess of 120 billion yuan, supporting a rural network sales amount of nearly 500 billion yuan.
“China’s express delivery market is one of the key drivers of the modern services sector,” said Liu Jiang (刘江), chair of the State Post Bureau’s Development Research Centre Index Research Office.
“Express delivery companies are generally positive about the growth prospects for the sector, and are currently accelerating the development of independent air delivery capabilities, accelerating the expansion of sorting centres and the upgrade of equipment, as well as actively developing cross-border networks and continually expanding investment in sector infrastructure.”