State Post Office: In 2024, the postal industry's business revenue reached 1.7 trillion yuan, up 10.7% year-on-year

The Zhitong Finance App learned that on May 22, the State Post Office issued a statistical bulletin on the development of the postal industry in 2024. According to the data, in 2024, the postal industry's business revenue (excluding the direct operating income of the Postal Savings Bank) reached 1.7 trillion yuan, an increase of 10.7% over the previous year. Among them: Express delivery business revenue reached 1.4 trillion yuan, an increase of 13.8% year-on-year (based on a comparable scale, same below). The revenue from the express delivery business accounted for 82.9% of the total revenue of the industry, an increase of 2.3 percentage points over the previous year.

In 2024, the postal industry's delivery business volume reached 193.68 billion units, an increase of 19.2% over the previous year. Among them, the express delivery business volume reached 17.58 billion units, an increase of 21.5% over the previous year.

The original text is as follows:

Postal Industry Development Statistical Bulletin 2024

2024 marks the 75th anniversary of the founding of the People's Republic of China and a critical year for achieving the goals and tasks of the 14th Five-Year Plan. The entire industry thoroughly studied and implemented the spirit of General Secretary Xi Jinping's important instructions and instructions, and resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council. The reform and development of the postal express industry has achieved new results, the industry's leading basic strategic role continues to play, the service strategy has achieved positive results, the scale of the industry has reached a record high, the high-quality development process is accelerating, the industry operation continues to improve, and the promotion effect on economic and social development continues to increase.

I. Business development

(1) Business scale

In 2024, the postal industry's business revenue (excluding the direct operating income of the Postal Savings Bank) reached 1.7 trillion yuan, an increase of 10.7% over the previous year. Among them: Express delivery business revenue reached 1.4 trillion yuan, an increase of 13.8% year-on-year (based on a comparable scale, same below). The revenue from the express delivery business accounted for 82.9% of the total revenue of the industry, an increase of 2.3 percentage points over the previous year.

In 2024, the postal industry's delivery business volume reached 193.68 billion units, an increase of 19.2% over the previous year. Among them, the express delivery business volume reached 17.58 billion units, an increase of 21.5% over the previous year.

In 2024, the Post Group's mail business volume reached 960 million pieces, down 0.7% year on year; package business completed 31.158 million items, up 26.0% year on year; subscription newspaper business completed 16.95 billion copies, up 1.5% year on year; subscription magazine business completed 630 million copies, down 3.3% year on year; and exchange business completed 2.74 million copies, down 21.5% year on year.

The express and parcel service brand concentration index CR8 is 85.2.

The development of the postal industry in 2020-2024

(2) Business structure

In 2024, the express delivery business volume in the same city reached 15.64 billion units, up 14.6% year on year; offsite express delivery business volume reached 155.57 billion units, up 22.1% year on year; international/Hong Kong, Macao and Taiwan express delivery business volume reached 3.87 billion units, up 26.3% year on year. Same-city, offsite, international/Hong Kong/Macau/Taiwan express delivery business accounted for 8.9%, 88.9%, and 2.2%, respectively.

(3) Regional structure

The share of express delivery business revenue in the East, Central and Western regions was 74.8%, 14.9%, and 10.3%, respectively, while the share of express delivery business volume was 72.4%, 18.7%, and 8.9%, respectively. The eastern region completed express delivery business revenue of 105029 billion yuan, an increase of 12.2% over the previous year; completed the express delivery business volume of 126.71 billion units, an increase of 18.1% over the previous year. The central region completed express delivery business revenue of 209.28 billion yuan, an increase of 18.2% over the previous year; completed express delivery business volume of 32.80 billion units, an increase of 30.0% over the previous year. The western region completed express delivery business revenue of 143.79 billion yuan, an increase of 19.5% over the previous year; completed express delivery business volume of 15.58 billion units, an increase of 34.4% over the previous year.

The top five provinces in express delivery revenue were Guangdong, Shanghai, Zhejiang, Jiangsu, and Shandong in that order. The total revenue from the express delivery business accounted for 62.0% of total express delivery business revenue, down 1.0 percentage point from the previous five. The top five provinces in the express delivery business were Guangdong, Zhejiang, Jiangsu, Hebei, and Shandong in that order. The total express delivery business volume accounted for 61.5% of the total express delivery business volume, down 1.8 percentage points from the previous five.

The top 15 cities with express delivery revenue are Shanghai, Guangzhou, Shenzhen, Jinhua (Yiwu), Hangzhou, Dongguan, Beijing, Suzhou, Foshan, Chengdu, Zhengzhou, Wuhan, Jieyang, Shantou and Tianjin. The total revenue from express delivery business accounts for 52.8% of total express delivery business revenue.

The top 15 cities for express delivery business are Jinhua (Yiwu), Guangzhou, Shenzhen, Shanghai, Jieyang, Dongguan, Hangzhou, Shantou, Suzhou, Chengdu, Quanzhou, Changsha, Beijing, Zhengzhou, and Wuhan. The total express delivery business volume accounts for 46.2% of the total express delivery business volume.

II. Service Capabilities and Service Levels

(1) Institutional equipment

Enterprises in all industries have set up 501,000 sales outlets of various types, an increase of 33,000 over the end of the previous year. Among them, there are 54,500 general service outlets for postal services, 248,000 sales outlets for express delivery companies, and 198,000 business outlets of other types such as service stations.

427,000 village-level integrated delivery and logistics service stations (village post stations) were set up nationwide, an increase of 62,000 over the end of the previous year. There were 87,000 post office boxes, a decrease of 40,000 from the end of the previous year. The total number of postal newsstands was 60,000, a decrease of 10,000 from the end of the previous year.

The entire industry has 198 freighters, an increase of 10 over the end of the previous year. The entire industry has 388,000 cars, an increase of 10,000 over the end of the previous year, including 278,000 express service cars, an increase of 80,000 over the end of the previous year.

(2) Service network

The number of general postal service networks across the country was 42,000, an increase of 20,000 over the end of the previous year; the number of express delivery service networks was 251,000, an increase of 23,000 over the end of the previous year.

The national postal service generally serves 100,000 rural delivery routes, which is basically the same as at the end of the previous year. There were 127,000 urban delivery routes, an increase of 30,000 over the end of the previous year.

(3) Service capability

The average service area of each business network in the whole industry is 19.2 square kilometers, and the average service population of each business outlet is 30,000 people. Postal services generally serve an average of 2 deliveries per day in urban areas, and 6 times a week in rural areas. The annual per capita express delivery usage is 124.3 pieces. The number of newspapers subscribed to per 100 people is 7.6. The annual per capita postal expenses are 1201.9 yuan, of which the annual per capita express delivery expenses are 996.5 yuan.

Per capita postal expenditure, courier expenditure, and courier usage in 2020-2024

Interpretation of the 2024 Postal Industry Development Statistical Bulletin

In 2024, the entire industry will thoroughly study and implement the spirit of General Secretary Xi Jinping's important instructions and instructions, resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, continue to strengthen the strategic leadership of the Party and the State Council to better serve the overall development of the Party and the country; steadily promote high-quality development of the industry and continuously improve the quality and efficiency of industry development; focus on the beautiful vision of “smooth flow of goods” to better empower the development of the real economy; implement the people-centered development philosophy and do a solid job of serving the people; perform duties in accordance with the law and vigorously improve the industry's governance capacity and level with a high level of safety and quality development Maintain the safety and stability of the industry; adhere to the Party's overall leadership of the postal industry, and promote the continuous and in-depth development of party building. Over the past year, the reform and development of the postal express delivery industry has achieved new results. The industry's leading and fundamental strategic role has continued to be played, positive results have been achieved in the strategy of serving the country, the scale of the industry has reached a record high, the high-quality development process is accelerating, the operation of the industry continues to improve, and the promotion effect on economic and social development continues to increase.

I. The market size of the industry continues to expand

In 2024, the postal industry's business revenue (excluding the direct operating income of the Postal Savings Bank) reached 1.7 trillion yuan, an increase of 10.7% over the previous year; the postal industry's delivery business volume reached 193.68 billion units, an increase of 19.2% over the previous year, and the scale of business reached a record high.

2. The general postal service business remains stable

The mail and newspaper business is generally stable, the parcel business continues to grow rapidly, and the exchange business continues to shrink.

3. Express delivery business maintains relatively rapid growth

In 2024, the total revenue from the express delivery business reached 1.4 trillion yuan, an increase of 13.8% over the previous year (based on a comparable scale, same below), and the share of express delivery business revenue in the industry further increased. The revenue from the express delivery business accounted for 82.9% of the total revenue of the industry, an increase of 2.3 percentage points over the previous year. The express delivery business volume reached 17.58 billion units, an increase of 21.5% over the previous year, and the average daily business volume reached nearly 480 million units. The scale of the express delivery business reached a new all-time high.

In terms of business structure, the business volume growth rates of the three businesses in the same city, offsite, and international/Hong Kong, Macao and Taiwan in 2024 were 14.6%, 22.1%, and 26.3%, respectively. Compared with the previous year, the growth rate of the express delivery business in the same city has clearly rebounded, and the offsite express delivery business and the international/Hong Kong, Macao and Taiwan express delivery business continued to grow rapidly.

4. The regional development trend of express delivery business is more coordinated and balanced

In 2024, the East, Central and Western regions accounted for 74.8%, 14.9% and 10.3% of the revenue respectively. Compared with the previous year, the eastern region decreased by 1.0 percentage point, while the central and western regions both increased 0.5 percentage points respectively. The revenue growth rate of express delivery business in Hebei and Shanghai in the eastern region, Jiangxi and Henan in the central region, and Inner Mongolia, Guangxi, Guizhou, Tibet, Shaanxi, and Gansu in the western regions all exceeded 20%.

In 2024, the East, Central and Western regions accounted for 72.4%, 18.7%, and 8.9% of express delivery business, respectively. Compared with the previous year, the eastern region decreased by 2.1 percentage points, while the central and western regions increased by 1.2 and 0.9 percentage points, respectively.

5. The market competition pattern is basically stable

The 2024 Express and Parcel Service Brand Concentration Index CR8 is 85.2, and the market competition pattern is basically stable.

6. Further improvement of industry service capabilities and service levels

In terms of end-of-industry services. Enterprises in all industries have set up 501,000 sales outlets of various types, an increase of 7.0% over the previous year. The number of village-level integrated delivery and logistics service stations (village post stations) set up nationwide reached 427,000, an increase of 16.9% over the previous year.

In terms of industry transportation capacity. The entire industry had 198 freighters, an increase of 5.3% over the previous year; the entire industry had 388,000 cars, an increase of 2.6% over the previous year. Among them, there were 278,000 express service vehicles, an increase of 2.9% over the previous year.

In terms of the industry serving people's livelihood. During the year, the number of express deliveries used per capita reached 124.3, which is 30.6 units/person more than the previous year.

This article was edited from: “State Post Office” WeChat account; Zhitong Finance Editor: Chen Xiaoyi.