International Express Service Market Trends

Statistics for the 2023 & 2024 International Express Service market trends, created by Mordor Intelligence™ Industry Reports. International Express Service trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of international express service Industry

The North American transportation and storage market increased to 21.35% in 2022, valued at USD 642.60 billion, with investment boost

  • Asia Pacific is experiencing increased demand for transportation, especially in shipping, which handles a significant portion of global seaborne trade. This region boasts nine of the world's busiest container ports and accounts for more than 40% of global surface freight transport. By 2050, freight transport demand in the region is projected to triple. Meanwhile, Germany has become a leader in the transportation and warehousing sector, surpassing France and the United Kingdom, ranking third globally in imports and exports. To improve transportation infrastructure, the German government plans to invest over EUR 12 billion (USD 12.81 billion) in federal highways and about USD 1.81 billion in waterways in 2022.
  • Global foreign direct investment (FDI) flows in 2022 fell by 24%, totaling USD 1,286 billion, or a 5% decrease when excluding Luxembourg, compared to the previous year. The United States remained the top destination for FDI inflows, receiving USD 318 billion, followed by China with USD 180 billion, although at lower levels. Cross-border merger and acquisition (M&A) activity slowed down with fewer deals, while the outlook for greenfield investment remained positive.
  • Transportation and storage in North America saw a significant growth boost, rising from 14.31% YoY in 2021 to 21.35% YoY in 2022, driven by increased demand for e-commerce warehousing and distribution centers. This growth encompassed various transportation facets, reaching a total value of USD 642.60 billion. In 2022, the US Department of Transportation introduced the Port Infrastructure Development Program, allocating more than USD 703 million for 41 projects in 22 states to improve port capabilities, enhance supply chain reliability, and create job opportunities.
Global International Express Service Market

For over a year, Russia's invasion of Ukraine disrupted global crude oil and petroleum product markets

  • In 2022, the global average price of gasoline at the pump was USD 1.22 per liter, a 19% increase from the previous year, exceeding pre-COVID-19 levels. Following the 2021 rebound amid economic recovery, 2022 prices hiked following crude oil increase due to supply disruption risk amid war. Gasoline prices in Europe are the highest compared to other regions. Gasoline is particularly expensive in Iceland, Norway, Denmark, Greece, Finland, and the Netherlands at USD 7.6 per gallon.
  • The Brent crude oil price rose significantly in the first half of 2022 but generally declined in the second half of the year. The Brent crude oil spot price averaged USD 100 per barrel in 2022. Total OPEC crude oil production fell from an average of 29.2 million b/d in Q3 2022 to 28.6 million b/d in Q4 2022. In 2023, OPEC crude oil production is expected to average 28.9 million barrels per day. Oil prices have peaked since last November as Russia and Saudi Arabia continue to cut 1.3 million barrels daily from their output, even as global demand rises to near-record levels.
  • Diesel is produced from crude oil, so prices are closely linked to diesel prices. Diesel prices in the United States and globally increased rapidly in the spring of 2022 because of concerns about global diesel supply. Although crude oil prices declined in the second half of 2022, US diesel futures prices rose again in October 2022 to USD 3.95 per gallon due to seasonal demand and diesel supply concerns for Europe. Russia has been Europe's largest supplier of diesel. In 2023, diesel prices declined in Europe and the United States as Europe has been able to replace most of the diesel it would have imported from Russia with imports from other regions.
Global International Express Service Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Global population is projected to rise to 9.7 billion by 2050, fueled by urbanization and longer lifespans
  • Recovery of Global GDP (nominal) since 2020, with maximum growth witnessed in the oil and gas, mining, and quarrying sector
  • The global e-commerce sector experienced a slight growth of 0.69% YoY in 2022, led by fashion and electronics sub-segments
  • Growth in exports of fuels and industrial and agricultural products is projected to boost world export volumes by 2030
  • China's e-commerce boom propels courier express market beyond USD 90 billion in 2022
  • Manufacturing sector driving the global economy on the back of huge investments and government initiatives
  • Rise in global inflation due to economic restrictions and the Russia-Ukraine War
  • The gross value added by the manufacturing sector registered a growth of over 8% YoY in 2022, led by the chemical and chemical products sub-sector
  • Amid growing imports of fuel and agricultural products, global economies are looking to increase domestic resources by 2030
  • European nations lead in overall rankings and road quality, US focuses on freight rail networks