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KeysFin : Postal and courier services market in Romania estimated at 6 bln RON in 2020

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The turnover of the market of postal and courier services in Romania could reach 6 billion RON this year, after in 2019 it saw figures at 5.2 billion RON, an analysis published on Monday by KeysFin shows.

At the end of 2018, the turnover of postal and courier services companies at the local level had reached nearly 4.8 billion RON, an 16 pct increase over 2017, and by 90 pct more than in 2009.

The KeysFin analysts estimate the closing in to the threshold of 5.2 billion RON, in 2019, while in the current year the rhythm of growth at least doubles, and the turnover of companies offering postal and courier services reaches the 6 billion RON benchmark, following increased online demand, generated by the coronavirus pandemic.

In the hierarchy of postal and courier services operators, the Romanian Post is still the main player, company owned by the Romanian state through the Ministry of Transport, Infrastructure and Communication (93.5 pct) and the Fondul Proprietatea (6.5 pct), reporting, in 2018, a turnover of nearly 1.2 billion RON (24.4 pct of the total).

The next operator is Fan Courier Express SRL, the leader of the courier segment, with businesses worth 686 million RON in 2018, namely 14.4 pct of the total.

The podium is made complete by Urgent Cargus SRL (425 million RON, 9 pct of the total), TNT Romania SRL (357 million RON, 7.5 pct of the total) and DHL International Romania SRL (289 million RON, 6.7 pct of the total).

Taken together, the largest ten companies have generated 76 pct of the total turnover, the quoted data shows.

According to the research, in 2018, approximately 40,700 employees worked for the local postal and courier companies, 5 pct more than in 2017, and for 2020 the KeysFin analysts forecast an advance to over 42,500 employees.

Once the state of emergency was declared, which imposed the closing of restaurants, the number of food deliveries has also grown considerably through food delivery apps such as Glovo, Takeaway.com or Foodpanda.

The KeysFin analysis is based on the annual, unadjusted, aggregated financial data reported by companies to the Public Finance Ministry (MFP) that have the postal and courier services as their main activity. All the data was extracted at the beginning of 2020.



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