The CEP market in the UAE is dominated by international B2B deliveries
The domestic market for Courier, Express and Parcel (CEP) in the UAE is expected to gain momentum as travel restrictions and e-commerce boom generated demand for courier services in the country, according to a report.
The CEP market in the UAE is dominated by international B2B deliveries, however B2C services are picking up steadily after the pandemic hit the country.
Referring to latest Mordor Intelligence report, Najeeb Kabeer, Partner and Managing Director, Century Express Courier Services, observed that the market for CEP in UAE is estimated to be valued at more than US$1.6bn and it will grow at steady pace.
“There is a slight increase in demand for domestic courier services as the travel movements are restricted due to the pandemic while growing online transactions also generated additional demand to deliver the sales order across the UAE,” he noted.
Mordor Intelligence report said the CEP market in the UAE is currently dominated by international B2B deliveries with more than 65 percent share of the total market, according to the report. However, domestic courier services registered an upward trend after the pandemic and the trend is expected to continue in coming months.
