In 2020, the market value of courier, express, and parcel (CEP) services in Thailand amounted to over 66 billion Thai baht. The CEP market value in the country had shown a sharp increase this year, partially resulting 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 2017 to 2020
(in billion Thai baht)
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Market value in billion Thai baht
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Marketeer Online. (June 17, 2021). Market value of courier, express, and parcel services in Thailand from 2017 to 2020 (in billion Thai baht) [Graph]. In Statista. Retrieved July 04, 2024, from https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
Marketeer Online. "Market value of courier, express, and parcel services in Thailand from 2017 to 2020 (in billion Thai baht)." Chart. June 17, 2021. Statista. Accessed July 04, 2024. https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
Marketeer Online. (2021). Market value of courier, express, and parcel services in Thailand from 2017 to 2020 (in billion Thai baht). Statista. Statista Inc.. Accessed: July 04, 2024. https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
Marketeer Online. "Market Value of Courier, Express, and Parcel Services in Thailand from 2017 to 2020 (in Billion Thai Baht)." Statista, Statista Inc., 17 Jun 2021, https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/
Marketeer Online, Market value of courier, express, and parcel services in Thailand from 2017 to 2020 (in billion Thai baht) Statista, https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/ (last visited July 04, 2024)
Market value of courier, express, and parcel services in Thailand from 2017 to 2020 (in billion Thai baht) [Graph], Marketeer Online, June 17, 2021. [Online]. Available: https://www.statista.com/statistics/1272530/thailand-courier-express-and-parcel-market-value/