The turnover in courier services in Sweden has shown significant variability from 2013 to 2023. Starting at 160.1 million SEK in 2013, it experienced a sharp increase by 2014 and continued to rise, peaking at 1030.0 million SEK in 2020. A notable dip was observed in 2017 and 2021, but the sector recovered and reached 991.0 million SEK in 2023. The compound annual growth rate (CAGR) has fluctuated, peaking at 35.2% in 2014 and reaching 9.51% in 2023.
Year-on-Year Variation:
- Recent two years: 2021 experienced a decline of 13.25%, while 2022 saw an increase of 5.33%. The growth rate in 2023 was 5%.
Last 5-Year CAGR:
- The average annual growth over the past five years is 9.51%.
Future trends point towards steady growth with a forecasted CAGR of 3.28% from 2024 to 2028, indicating a more stable market with anticipated growth of 17.5% over the next five years.
Future Trends to Watch:
- Technology integration and digital transformation in courier services.
- Expansion in e-commerce driving demand for efficient last-mile solutions.
- Environmental sustainability and green logistics gaining importance.
- Increased competition and potential market consolidation.
