China’s logistics sector stands and delivers with busiest year ever in 2024

China’s courier industry – which reported its busiest year on record thanks to the country’s brisk e-commerce business and a partial recovery in consumption – is set to better those figures in 2025 as domestic demand becomes even more critical to the health of the world’s second-largest economy.

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Parcel deliveries reached a record 174.5 billion last year, a 21 per cent year-on-year increase, while courier service revenues rose 13 per cent to 1.4 trillion yuan (US$191.2 billion), the State Post Bureau announced on Thursday.

This equates to an annual per-person average of 121 packages, and 478 million parcels moving across the country on any given day.

China has maintained its status as the world’s largest parcel delivery market for 11 years running. An industry report released last month showed that in the period from January to November 2024, China had delivered 38.47 billion more parcels than it had the same period the previous year – surpassing the 21.7 billion handled in the US for all of 2023.

The country’s logistics industry, with its massive network and high efficiency, is driving the growth of China’s “real economy,” said bureau head Zhao Chongjiu – particularly in the country’s rural areas, its manufacturing sector and its international trade.

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Government estimates indicate the yearly national delivery volume will reach 190 billion by 2025, generating 1.5 trillion yuan in revenue.

  

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