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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Philippines Freight and Logistics Market Growth
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 Snapshots
Philippines Freight and Logistics Market Size
Philippines Freight and Logistics Market Growth
Philippines Freight and Logistics Market Share
Philippines Freight and Logistics Companies
*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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Key Questions Answered in the Report
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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