The postal and courier services sector in the UK experienced fluctuations from 2013 to 2023, initially falling from 2013 to 2014 by -12.68% and rising again from 2015 to 2019. The value in 2023 recovered to 22.46 billion pounds sterling, a modest 1.45% year-on-year increase over 2022. The sector faced a notable dip in 2020, dropping to 17.83 billion pounds sterling due to external factors, possibly linked to the COVID-19 pandemic. Recovery started, with an average CAGR of 1.35% from 2018 to 2023, showing steady growth.
Looking ahead to 2028, post-pandemic recovery is poised for continued growth, with forecasted values increasing steadily by a CAGR of approximately 1.15%, equating to a 5.86% growth rate over five years. As digitization and e-commerce spur demand, advancements in delivery technology and shifts towards greener logistics are expected to be critical trends to watch.
