Base Year
Historical Year
Forecast Year
The Philippines freight and logistics market reached around USD 19.16 billion in 2023. The market is projected to grow at a CAGR of 8.1% between 2024 and 2032 to reach nearly USD 38.62 billion by 2032.
| Philippines Freight and Logistics Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 19.16 |
| Market Size 2032 | USD Billion | 38.62 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 8.1% |
| CAGR 2024-2032 - Market by Function | Courier, Express and Parcel | 9.1% |
| CAGR 2024-2032 - Market by End Use | Consumer Goods and Retail | 10.4% |
| 2023 Market Share by End Use | Healthcare | 7.3% |
As per the World Bank’s Logistics Performance Index 2023, the Philippines was ranked at the 43rd position out of 139 countries. This is an improvement of 0.4 points from 2018, when it scored 2.9 points on the index. The performance of the Philippines’ customs authority increased substantially, along with improvements in the quality of infrastructure and logistics services, as well as consignment tracing and tracking.
As per the World Bank, a shipping container takes nearly 44 days between entering a port in the Philippines and exiting for its destination. By reducing the time spent by ships at the port, the overall efficiency of the import-export process can be improved significantly.
The Philippine Port Authority is advocating the implementation of the Trusted Operator Program Container Registry Monitoring System (TOP CRMS) to enable carriers, shippers, freight forwarders, and customers to check the status of their containers and cargoes digitally. This technology is expected to track all international shipments arriving at the Philippines’ ports by utilising advanced formats of data interchange through encrypted channels. In 2023, the Department of Budget and Management allocated PhP 12.47 billion to promote digitalisation across ports in the country, which is expected to have a favourable impact on the market growth.
Philippines Freight and Logistics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Function
| CAGR 2024-2032 - Market by | Function |
| Courier, Express and Parcel | 9.1% |
| Freight Forwarding | 8.4% |
| Freight Transport | XX% |
| Warehousing and Storage | XX% |
| Others | XX% |
Market Breakup by End Use
| CAGR 2024-2032 - Market by | End Use |
| Consumer Goods and Retail | 10.4% |
| Food and Beverages | 9.1% |
| Manufacturing | 8.4% |
| IT Hardware and Telecom | XX% |
| Healthcare | XX% |
| Others | XX% |
Based on function, the market is categorised into courier, express and parcel, freight forwarding, freight transport, and warehousing and storage, among others. Over the forecast period of 2024-2032, courier, express and parcel and freight forwarding are estimated to grow at a CAGR of 9.1% and 8.4% respectively. This is attributed to the record-breaking increase in the volume of shipping containers and cargoes since 2021.
| 2023 Market Share by | End Use |
| Healthcare | 7.3% |
| Manufacturing | XX% |
| Consumer Goods and Retail | XX% |
| Food and Beverages | XX% |
| IT Hardware and Telecom | XX% |
| Others | XX% |
Key players are attempting to leverage innovative technologies in order to enhance the speed and reliability of overall cargo transport service.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Function |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Philippines Freight and Logistics Market Size
Philippines Freight and Logistics Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached nearly USD 19.16 billion in 2023.
The market is projected to grow at a CAGR of 8.1% between 2024 and 2032.
The market is assessed to witness healthy growth in the forecast period to reach around USD 38.62 billion in 2032.
The different end uses of freight and logistics in the market are manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, and oil and gas, among others.
The different distribution channels in the market are courier, express and parcel, freight forwarding, freight transport, and warehousing and storage, among others.
The key market players are 2GO Group Inc., LBC EXPRESS, INC., Airfreight 2100 Inc., XDE Logistics, Transational Diversified Group, Royal Cargo, Inc., YUSEN LOGISTICS CO., LTD., Kintetsu World Express, Inc, and Laurel Carriers Philippines Inc., among others.
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Australia
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India
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+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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