China's e-commerce logistics sector grows in 2023

15 Jan '24

1 min read

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Insights

In 2023, China's e-commerce logistics industry saw a 4.2-point year-on-year increase, averaging 110.1 points.
December 2023 saw a slight decline in the sector's index to 112.4 points, a 0.7-point decrease from November 2023, due to reduced demand post major November sales events.
Despite this, demand remained high, with winter clothing driving logistics.

China's e-commerce logistics industry witnessed a year-on-year increase of 4.2 points in 2023, as per the China Federation of Logistics and Purchasing. The average index score for the sector in 2023 was 110.1 points.

Despite this overall growth, the index experienced a slight dip in December 2023, registering 112.4 points, a decrease of 0.7 points from November. This minor decline was linked to a reduction in demand following major e-commerce sales events in November, which typically attract significant consumer interest.

However, even with this decline in December, the demand for e-commerce logistics remained high. The federation identified winter clothing as a key driver of logistics activity during this period, indicating a continued consumer interest in this category, according to Chinese media reports.

Looking forward, the federation anticipates that the e-commerce logistics index in China will maintain its high levels into January 2024. This projection is supported by the expected surge in holiday consumption.

Fibre2Fashion News Desk (DP)

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