Argentina Courier, Express, and Parcel (CEP) Market Size

The Argentina Courier, Express, and Parcel (CEP) market is poised for growth, driven primarily by the e-commerce sector, which continues to expand despite economic challenges such as high inflation. The market's expansion is supported by increasing domestic and cross-border e-commerce activities, with a notable demand for beauty products and electronics. Although trade volumes were initially affected by COVID-19 restrictions, they rebounded, contributing to the international CEP market's growth. The market's trajectory is further influenced by the rising digital buyer penetration, which is expected to significantly impact CEP demand in the coming years.

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Market Size of argentina courier, express, and parcel (cep) Industry

Argentina Courier, Express, and Parcel (CEP) Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 1.19 Billion
svg icon Market Size (2030) USD 1.71 Billion
svg icon Largest Share by Destination Domestic
svg icon CAGR (2024 - 2030) 6.27 %
svg icon Fastest Growing by Destination International

Major Players

Argentina Courier, Express, and Parcel (CEP) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Argentina Courier, Express, and Parcel (CEP) Market Analysis

The Argentina Courier, Express, and Parcel (CEP) Market size is estimated at 1.19 billion USD in 2024, and is expected to reach 1.71 billion USD by 2030, growing at a CAGR of 6.27% during the forecast period (2024-2030).

1.19 Billion

Market Size in 2024 (USD)

1.71 Billion

Market Size in 2030 (USD)

5.42 %

CAGR (2017-2023)

6.27 %

CAGR (2024-2030)

Fastest Growing Market by Speed of Delivery

7.20 %

Projected CAGR, Express, 2024-2030

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Various partnerships and collaborations are facilitating large courier companies with established networks to provide express delivery services due to increasing demand.

Fastest Growing Market by Model

8.15 %

Projected CAGR, Business-to-Consumer (B2C), 2024-2030

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Leading domestic and international e-commerce players are generating significant delivery demand under the B2C segment.

Largest Market by Shipment Weight

47.72 %

value share, Heavy Weight Shipments, 2023

Goods like fashion items, groceries, personal care items, and smartphones are driving demand and growth in the lightweight shipment segment.

Largest Market by End User Industry

34.91 %

value share, Manufacturing, 2023

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The manufacturing sector’s growth is driving the demand for courier, express, and parcel services in the country.

First Leading Market Player

28.09 %

market share, Correo Argentino, 2022

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Correo Argentino incorporated 121 sustainable vehicles to be assigned to the distribution centers of Argentina to improve last-mile delivery.

E-commerce is driving the CEP market demand generation and growth

  • E-commerce has been a major driver for the domestic and international CEP market despite inflationary pressures in the country. The largest player in the Argentinian e-commerce market was mercadolibre.com.ar, with a revenue of USD 510.8 million in 2022. It was followed by adidas.com.ar and fravega.com as the second- and third-largest stores, with USD 207.1 million and USD 197.5 million, respectively. The top three stores collectively accounted for 31.5% of the top 100 online stores' revenue in Argentina. Also, beauty products are the most popular online products in Argentina, generating significant CEP demand. With e-commerce projected to reach USD 12.94 billion by 2027, the market is expected to grow significantly.
  • The overall import and export volumes declined in 2020 due to the trade restrictions imposed by the government to curtail the spread of the COVID-19 virus. The imports declined by -13.78% YoY in 2020, and exports declined by -15.71% YoY in 2020. However, by 2021, the trade volumes improved significantly, and the imports experienced a growth of 49.17% YoY, and exports experienced a growth of 41.82% YoY. These factors have been a major contributor to the growing international CEP market as well.
  • The largest e-commerce end user driving CEP demand in 2022 was electronics, with a share of 29.96%. It was followed by toys, hobby, and DIY with a share of 19.54% and furniture with 16.21%. Domestic and cross-border e-commerce is rising due to increasing demand. However, high inflation has negatively impacted consumers' purchasing power and spending capacities. Despite this, digital buyer penetration is expected to reach approximately 62% by 2025, and domestic and international CEP demand will be impacted significantly during the forecast period.
Argentina Courier, Express, and Parcel (CEP) Market

Argentina Courier, Express, and Parcel (CEP) Industry Segmentation

Domestic, International are covered as segments by Destination. Express, Non-Express are covered as segments by Speed Of Delivery. Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C) are covered as segments by Model. Heavy Weight Shipments, Light Weight Shipments, Medium Weight Shipments are covered as segments by Shipment Weight. Air, Road, Others are covered as segments by Mode Of Transport. E-Commerce, Financial Services (BFSI), Healthcare, Manufacturing, Primary Industry, Wholesale and Retail Trade (Offline), Others are covered as segments by End User Industry.

  • E-commerce has been a major driver for the domestic and international CEP market despite inflationary pressures in the country. The largest player in the Argentinian e-commerce market was mercadolibre.com.ar, with a revenue of USD 510.8 million in 2022. It was followed by adidas.com.ar and fravega.com as the second- and third-largest stores, with USD 207.1 million and USD 197.5 million, respectively. The top three stores collectively accounted for 31.5% of the top 100 online stores' revenue in Argentina. Also, beauty products are the most popular online products in Argentina, generating significant CEP demand. With e-commerce projected to reach USD 12.94 billion by 2027, the market is expected to grow significantly.
  • The overall import and export volumes declined in 2020 due to the trade restrictions imposed by the government to curtail the spread of the COVID-19 virus. The imports declined by -13.78% YoY in 2020, and exports declined by -15.71% YoY in 2020. However, by 2021, the trade volumes improved significantly, and the imports experienced a growth of 49.17% YoY, and exports experienced a growth of 41.82% YoY. These factors have been a major contributor to the growing international CEP market as well.
  • The largest e-commerce end user driving CEP demand in 2022 was electronics, with a share of 29.96%. It was followed by toys, hobby, and DIY with a share of 19.54% and furniture with 16.21%. Domestic and cross-border e-commerce is rising due to increasing demand. However, high inflation has negatively impacted consumers' purchasing power and spending capacities. Despite this, digital buyer penetration is expected to reach approximately 62% by 2025, and domestic and international CEP demand will be impacted significantly during the forecast period.
Destination
Domestic
International
Speed Of Delivery
Express
Non-Express
Model
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Shipment Weight
Heavy Weight Shipments
Light Weight Shipments
Medium Weight Shipments
Mode Of Transport
Air
Road
Others
End User Industry
E-Commerce
Financial Services (BFSI)
Healthcare
Manufacturing
Primary Industry
Wholesale and Retail Trade (Offline)
Others
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Argentina Courier, Express, and Parcel (CEP) Market Size Summary

The Argentina Courier, Express, and Parcel (CEP) market is experiencing a robust growth trajectory, driven primarily by the surge in e-commerce activities. Despite economic challenges such as high inflation, the demand for CEP services is bolstered by the increasing online shopping trends, with major players like mercadolibre.com.ar leading the charge. The market is characterized by a moderate level of consolidation, with key companies such as Correo Argentino, DHL Group, FedEx, TASA Logística, and UPS holding significant market shares. The sector's expansion is further supported by improvements in transportation infrastructure and strategic investments aimed at enhancing logistical efficiencies and connectivity.

The CEP market's growth is also influenced by the recovery of trade volumes post-COVID-19, with both imports and exports showing significant year-on-year increases. However, challenges such as fuel shortages and rising transportation costs due to global sanctions have impacted the sector's dynamics. The government's efforts to modernize transportation infrastructure, including rail and port facilities, are crucial in supporting the market's growth. Additionally, partnerships and technological advancements, such as UPS's collaboration with Google Cloud for package tracking, are expected to enhance service delivery and operational efficiency in the coming years.

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Argentina Courier, Express, and Parcel (CEP) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes Market Value in USD, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Destination

      1. 1.1.1 Domestic

      2. 1.1.2 International

    2. 1.2 Speed Of Delivery

      1. 1.2.1 Express

      2. 1.2.2 Non-Express

    3. 1.3 Model

      1. 1.3.1 Business-to-Business (B2B)

      2. 1.3.2 Business-to-Consumer (B2C)

      3. 1.3.3 Consumer-to-Consumer (C2C)

    4. 1.4 Shipment Weight

      1. 1.4.1 Heavy Weight Shipments

      2. 1.4.2 Light Weight Shipments

      3. 1.4.3 Medium Weight Shipments

    5. 1.5 Mode Of Transport

      1. 1.5.1 Air

      2. 1.5.2 Road

      3. 1.5.3 Others

    6. 1.6 End User Industry

      1. 1.6.1 E-Commerce

      2. 1.6.2 Financial Services (BFSI)

      3. 1.6.3 Healthcare

      4. 1.6.4 Manufacturing

      5. 1.6.5 Primary Industry

      6. 1.6.6 Wholesale and Retail Trade (Offline)

      7. 1.6.7 Others

Argentina Courier, Express, and Parcel (CEP) Market Size FAQs

The Argentina Courier, Express, and Parcel (CEP) Market size is expected to reach USD 1.19 billion in 2024 and grow at a CAGR of 6.27% to reach USD 1.71 billion by 2030.

In 2024, the Argentina Courier, Express, and Parcel (CEP) Market size is expected to reach USD 1.19 billion.

Argentina Courier, Express, and Parcel (CEP) Market Report Snapshots