Sunday, October 1, 2023

News and packages beat inflation, GDP grows 1.6% in 2022

Over the last three years, the value that the service contributes to the Mexican economy has increased by 39%; It continued its growth in 2022.

Last year, Mexicans faced the worst inflation in 22 years, a blow to their pockets; However, The contribution of courier and parcel delivery to the economy continued to increase, in a market where the pandemic changed consumer habits.

Last year, The gross domestic product (GDP) of the courier and parcel service grew by 1.6%. Behavior that, according to the national accounts, he made progress for three years.

The isolation and restrictions on businesses caused by the pandemic triggered the pandemic “boom”. E-commercea factor that in 2020 led to a 19.2% increase in the GDP of this transport service.

A year later, the power of courier and parcel shipping was fueled by the spread of virus variants, which also led to restrictions in mobility and business life at the beginning of 2021.

Courier and parcel delivery GDP increased by 15.1% in 2021. It became clear that the pandemic accelerated a shift in the way Mexicans shop. a powerful market where e-commerce was gradually gaining ground.

In 2022, amid an economy threatened by high inflation – the highest in 22 years, Online purchases and the movement of user companies led to a growth of 1.6% in the GDP of this goods and product transport service. The third in a row.

Strength of courier and parcel delivery

Its strength is expected to be maintained, fed by captive consumers and the development of marketing Digital. Mexicans realized that shopping online saved them time.

In this context, Last year, the GDP of courier and parcel services exceeded that of 2019 by 39.4%. In this way, it becomes the service in the transport, postal and communications sectors that has gained the largest place in the economy due to the impact of the pandemic.

With its ups and downs, Its value in the economy increased by 43.9% between 2010 and 2019. That is, it performed well before the arrival of SARS-CoV-2, according to its own estimates using Inegi data.

The Mexican economy is forecast to lose steam by 2023 while consumer prices are still high. The question is whether the domestic market will demonstrate the resilience necessary to keep courier and parcel services on a constant growth path.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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