For instance, SF Express finished 1.7 billion express tickets in the primary quarter of 2020. Significant organizations in the business were increasingly ready to oppose the negative effect of COVID-19. Toward the beginning of March, express organizations' transportation limit fundamentally returned to typical levels. In 2020, influenced by the flare-up of COVID-19 in China, many express organizations could not regularly work from January to February 2020.
The Chinese express parcel market may continue to grow at high double-digit rates, with international business playing a bigger role in the future. The China's Courier, Express, and Parcel (CEP) Market size is estimated at USD 127.29 billion in 2023, and is expected to reach USD 238.54 billion by 2028, growing at a CAGR of 13.39% during the forecast period (2023-2028).
