The market for courier, express and parcel shipments (CEP)
The market for courier, express and parcel shipments (CEP) consists of shipments of packages that are not shipped on pallets and where no individual package weighs more than 31.5 kg. The CEP market is divided into standard and express shipments and on road and air-based shipments. Express shipments refers to time-critical deliveries (same or next day) while standard shipments include non-time-critical deliveries.
CEP market customers consist of both corporate customers (B2B) as well as consumers (B2C).
Jetpak is particularly strong in spontaneous air-based express shipments delivered the same day. We call this offer Express Ad-hoc. During 2017 this segment made up about 61 percent of the company’s net turnover, i.e. MSEK 223. The segment also accounts for the majority of air-based shipments within Jetpak. This is a highly niche market and is therefore a limited part of the total air-based express market in the Nordic region. We estimate that the market for spontaneous air-based express shipments delivered on the same day amounts to approximately MSEK 300, which means that Jetpak has an absolutely leading position within this niche with a market share of about 80 percent.
The total Nordic CEP market amounts to about SEK billion 30. In the coming years to 2020, this market is expected to grow by an average of around five per cent per year, with small differences between geographic areas.