India tops global e-commerce with 18% parcel growth in 2022

The per capita parcel volume surged from a 7 per cent increase in 2021 to 16 per cent in 2022, translating to 10 parcels shipped per household, signifying a growing reliance on e-commerce in India, shipping and mailing company Pitney Bowes Inc said in a press release.

India led the global e-commerce surge in 2022 with an 18 per cent parcel volume growth.
The country shipped 3.2 billion parcels, far exceeding pre-pandemic forecasts and a notable increase from 2021’s 8 per cent growth.
Per capita parcel volume for the nation surged to 16 per cent in 2022, with India predicted to reach 5 billion parcels by 2028.

In contrast, global parcel volumes increased by only 1 per cent in 2022, impacted mainly by China’s lockdowns. China’s parcel volume grew by a mere 2 per cent, the slowest rate in the index’s history.

The index predicted India’s parcel volume to reach 5 billion by 2028, with a 6.5 per cent compound annual growth rate (CAGR) from 2023 to 2028. Carrier revenue in India reached $5,392 million, a 3 per cent increase from the previous year. SafeEx led the revenue generation with $874 million, followed by BlueDart, Delhivery, DTDC, and Amazon Logistics.

“After a sharp decline in parcel volume at -21 per cent in 2020 and marginal growth of 8 per cent in 2021, it’s fitting to see India’s recovery with the highest surge in global parcel volume at 18 per cent, indicating a future brimming with opportunities for India’s e-commerce ecosystem,” said Pankaj Sachdeva, managing director, India Innovation, Pitney Bowes. “The substantial increase in India’s per capita parcel volume further demonstrates the growing reliance on e-commerce for the daily needs of Indian families.”

Fibre2Fashion News Desk (NB)