Despite Argentina’s past history of an incomplete Courier, Express, and Parcel (CEP) market, there has been prominent success in recent years and a favorable outlook for what is to come. The Argentina CEP market size is estimated at 1.19 billion USD this year (2024), and is expected to reach 1.71 billion USD by 2030, growing at a CAGR of 6.27% during the forecast period (2024-2030). The country is on track to be the fastest growing area by terms of delivery speed and shipment weight.
Flourishing E-Commerce Market:
A main factor that is driving this steady growth is the e-commerce market, predominantly clothing and beauty products. Digital buyer penetration is expected to reach approximately 62% by 2025, and domestic and international CEP demand will be impacted significantly during the forecast period. This creates sizable opportunities for online sales meaning a courier company will be needed.
Dynamic Transportation:
In 2021, Argentine Trains invested 38 billion USD to enhance rail systems across the country. This boosted freight transport by 36% allowing intercontinental shipping to thrive. This pairing of an international air delivery network and an effective in-country rail system makes for a strong CEP market with lots of opportunity to grow.
This market shows no signs of slowing down after a 5.4% CAGR in the past 7 years and a projected 6.3% CAGR up to 2030. This presents investors with an opportunity to franchise in Argentina and take advantage of its prospering market.
Mail Boxes Etc. can provide entrepreneurs with a chance to invest in a franchise of their own to capitalize on this progressing industry. The MBE Master Franchise is a great way to enter this industry. Visit mbefranchise.com to learn more and take the first step in becoming a part of MBE Worldwide.
(Photo: Unsplash)
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