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Courier Express & Parcel Services Market Size, Share 2023
Market size in 2022 |
US$ 309260 million
|
Forecast Market size by 2029 |
US$ 409860 million
|
Growth Rate |
CAGR of 4.1% |
Number of Pages |
66 Pages |
The Courier, Express and Parcel (CEP) market comprises of companies that provide logistics and postal services varying in the type of services offered, such as delivery speed or weight and volume of a shipment.
This report aims to provide a comprehensive presentation of the global market for Courier, Express & Parcel Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Courier, Express & Parcel Services. This report contains market size and forecasts of Courier, Express & Parcel Services in global, including the following market information:
Global Courier, Express & Parcel Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Courier, Express & Parcel Services market was valued at US$ 309260 million in 2022 and is projected to reach US$ 409860 million by 2029, at a CAGR of 4.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
One of the key growth contributors for global courier express and parcel services supply market is the increase in the offering of enhanced services and additional features such as returns management, real-time monitoring, and control facilities, delivery guarantee, shorter lead time, and safety features.
We surveyed the Courier, Express & Parcel Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Courier, Express & Parcel Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Courier, Express & Parcel Services Market Segment Percentages, by Type, 2022 (%)
Air
Ship
Railway
Road
Global Courier, Express & Parcel Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Courier, Express & Parcel Services Market Segment Percentages, by Application, 2022 (%)
Business-to-business (B2B)
Business-to-consumer (B2C)
Consumer-to-consumer (C2C)
Global Courier, Express & Parcel Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Courier, Express & Parcel Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Courier, Express & Parcel Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Courier, Express & Parcel Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
A-1 Express
BDP
DHL
FedEx
UPS
TNT Express
United Parcel Service
American Expediting
Allied Express
Antron Express
Outline of Major Chapters:
Chapter 1: Introduces the definition of Courier, Express & Parcel Services, market overview.
Chapter 2: Global Courier, Express & Parcel Services market size in revenue.
Chapter 3: Detailed analysis of Courier, Express & Parcel Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Courier, Express & Parcel Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
Report Attributes |
Report Details |
Report Title |
Courier, Express & Parcel Services Market, Global Outlook and Forecast 2023-2029 |
Market size in 2022 |
US$ 309260 million
|
Forecast Market size by 2029 |
US$ 409860 million
|
Growth Rate |
CAGR of 4.1% |
Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
Base Year |
2022 |
Forecast Year |
2030 |
Number of Pages |
66 Pages |
Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Courier, Express & Parcel Services Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Courier, Express & Parcel Services Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Courier, Express & Parcel Services Overall Market Size
2.1 Global Courier, Express & Parcel Services Market Size: 2022 VS 2029
2.2 Global Courier, Express & Parcel Services Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Courier, Express & Parcel Services Players in Global Market
3.2 Top Global Courier, Express & Parcel Services Companies Ranked by Revenue
3.3 Global Courier, Express & Parcel Services Revenue by Companies
3.4 Top 3 and Top 5 Courier, Express & Parcel Services Companies in Global Market, by Revenue in 2022
3.5 Global Companies Courier, Express & Parcel Services Product Type
3.6 Tier 1, Tier 2 and Tier 3 Courier, Express & Parcel Services Players in Global Market
3.6.1 List of Global Tier 1 Courier, Express & Parcel Services Companies
3.6.2 List of Global Tier 2 and Tier 3 Courier, Express & Parcel Services Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Courier, Express & Parcel Services Market Size Markets, 2022 & 2029
4.1.2 Air
4.1.3 Ship
4.1.4 Railway
4.1.5 Road
4.2 By Type - Global Courier, Express & Parcel Services Revenue & Forecasts
4.2.1 By Type - Global Courier, Express & Parcel Services Revenue, 2018-2023
4.2.2 By Type - Global Courier, Express & Parcel Services Revenue, 2024-2029
4.2.3 By Type - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Courier, Express & Parcel Services Market Size, 2022 & 2029
5.1.2 Business-to-business (B2B)
5.1.3 Business-to-consumer (B2C)
5.1.4 Consumer-to-consumer (C2C)
5.2 By Application - Global Courier, Express & Parcel Services Revenue & Forecasts
5.2.1 By Application - Global Courier, Express & Parcel Services Revenue, 2018-2023
5.2.2 By Application - Global Courier, Express & Parcel Services Revenue, 2024-2029
5.2.3 By Application - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Courier, Express & Parcel Services Market Size, 2022 & 2029
6.2 By Region - Global Courier, Express & Parcel Services Revenue & Forecasts
6.2.1 By Region - Global Courier, Express & Parcel Services Revenue, 2018-2023
6.2.2 By Region - Global Courier, Express & Parcel Services Revenue, 2024-2029
6.2.3 By Region - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Courier, Express & Parcel Services Revenue, 2018-2029
6.3.2 US Courier, Express & Parcel Services Market Size, 2018-2029
6.3.3 Canada Courier, Express & Parcel Services Market Size, 2018-2029
6.3.4 Mexico Courier, Express & Parcel Services Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Courier, Express & Parcel Services Revenue, 2018-2029
6.4.2 Germany Courier, Express & Parcel Services Market Size, 2018-2029
6.4.3 France Courier, Express & Parcel Services Market Size, 2018-2029
6.4.4 U.K. Courier, Express & Parcel Services Market Size, 2018-2029
6.4.5 Italy Courier, Express & Parcel Services Market Size, 2018-2029
6.4.6 Russia Courier, Express & Parcel Services Market Size, 2018-2029
6.4.7 Nordic Countries Courier, Express & Parcel Services Market Size, 2018-2029
6.4.8 Benelux Courier, Express & Parcel Services Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Courier, Express & Parcel Services Revenue, 2018-2029
6.5.2 China Courier, Express & Parcel Services Market Size, 2018-2029
6.5.3 Japan Courier, Express & Parcel Services Market Size, 2018-2029
6.5.4 South Korea Courier, Express & Parcel Services Market Size, 2018-2029
6.5.5 Southeast Asia Courier, Express & Parcel Services Market Size, 2018-2029
6.5.6 India Courier, Express & Parcel Services Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Courier, Express & Parcel Services Revenue, 2018-2029
6.6.2 Brazil Courier, Express & Parcel Services Market Size, 2018-2029
6.6.3 Argentina Courier, Express & Parcel Services Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Courier, Express & Parcel Services Revenue, 2018-2029
6.7.2 Turkey Courier, Express & Parcel Services Market Size, 2018-2029
6.7.3 Israel Courier, Express & Parcel Services Market Size, 2018-2029
6.7.4 Saudi Arabia Courier, Express & Parcel Services Market Size, 2018-2029
6.7.5 UAE Courier, Express & Parcel Services Market Size, 2018-2029
7 Courier, Express & Parcel Services Companies Profiles
7.1 A-1 Express
7.1.1 A-1 Express Company Summary
7.1.2 A-1 Express Business Overview
7.1.3 A-1 Express Courier, Express & Parcel Services Major Product Offerings
7.1.4 A-1 Express Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.1.5 A-1 Express Key News & Latest Developments
7.2 BDP
7.2.1 BDP Company Summary
7.2.2 BDP Business Overview
7.2.3 BDP Courier, Express & Parcel Services Major Product Offerings
7.2.4 BDP Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.2.5 BDP Key News & Latest Developments
7.3 DHL
7.3.1 DHL Company Summary
7.3.2 DHL Business Overview
7.3.3 DHL Courier, Express & Parcel Services Major Product Offerings
7.3.4 DHL Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.3.5 DHL Key News & Latest Developments
7.4 FedEx
7.4.1 FedEx Company Summary
7.4.2 FedEx Business Overview
7.4.3 FedEx Courier, Express & Parcel Services Major Product Offerings
7.4.4 FedEx Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.4.5 FedEx Key News & Latest Developments
7.5 UPS
7.5.1 UPS Company Summary
7.5.2 UPS Business Overview
7.5.3 UPS Courier, Express & Parcel Services Major Product Offerings
7.5.4 UPS Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.5.5 UPS Key News & Latest Developments
7.6 TNT Express
7.6.1 TNT Express Company Summary
7.6.2 TNT Express Business Overview
7.6.3 TNT Express Courier, Express & Parcel Services Major Product Offerings
7.6.4 TNT Express Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.6.5 TNT Express Key News & Latest Developments
7.7 United Parcel Service
7.7.1 United Parcel Service Company Summary
7.7.2 United Parcel Service Business Overview
7.7.3 United Parcel Service Courier, Express & Parcel Services Major Product Offerings
7.7.4 United Parcel Service Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.7.5 United Parcel Service Key News & Latest Developments
7.8 American Expediting
7.8.1 American Expediting Company Summary
7.8.2 American Expediting Business Overview
7.8.3 American Expediting Courier, Express & Parcel Services Major Product Offerings
7.8.4 American Expediting Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.8.5 American Expediting Key News & Latest Developments
7.9 Allied Express
7.9.1 Allied Express Company Summary
7.9.2 Allied Express Business Overview
7.9.3 Allied Express Courier, Express & Parcel Services Major Product Offerings
7.9.4 Allied Express Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.9.5 Allied Express Key News & Latest Developments
7.10 Antron Express
7.10.1 Antron Express Company Summary
7.10.2 Antron Express Business Overview
7.10.3 Antron Express Courier, Express & Parcel Services Major Product Offerings
7.10.4 Antron Express Courier, Express & Parcel Services Revenue in Global Market (2018-2023)
7.10.5 Antron Express Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Courier, Express & Parcel Services Market Opportunities & Trends in Global Market
Table 2. Courier, Express & Parcel Services Market Drivers in Global Market
Table 3. Courier, Express & Parcel Services Market Restraints in Global Market
Table 4. Key Players of Courier, Express & Parcel Services in Global Market
Table 5. Top Courier, Express & Parcel Services Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Courier, Express & Parcel Services Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Courier, Express & Parcel Services Revenue Share by Companies, 2018-2023
Table 8. Global Companies Courier, Express & Parcel Services Product Type
Table 9. List of Global Tier 1 Courier, Express & Parcel Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Courier, Express & Parcel Services Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Courier, Express & Parcel Services Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Courier, Express & Parcel Services Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Courier, Express & Parcel Services Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Courier, Express & Parcel Services Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Courier, Express & Parcel Services Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Courier, Express & Parcel Services Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Courier, Express & Parcel Services Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Courier, Express & Parcel Services Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Courier, Express & Parcel Services Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Courier, Express & Parcel Services Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Courier, Express & Parcel Services Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Courier, Express & Parcel Services Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Courier, Express & Parcel Services Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Courier, Express & Parcel Services Revenue, (US$, Mn), 2024-2029
Table 30. A-1 Express Company Summary
Table 31. A-1 Express Courier, Express & Parcel Services Product Offerings
Table 32. A-1 Express Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 33. A-1 Express Key News & Latest Developments
Table 34. BDP Company Summary
Table 35. BDP Courier, Express & Parcel Services Product Offerings
Table 36. BDP Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 37. BDP Key News & Latest Developments
Table 38. DHL Company Summary
Table 39. DHL Courier, Express & Parcel Services Product Offerings
Table 40. DHL Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 41. DHL Key News & Latest Developments
Table 42. FedEx Company Summary
Table 43. FedEx Courier, Express & Parcel Services Product Offerings
Table 44. FedEx Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 45. FedEx Key News & Latest Developments
Table 46. UPS Company Summary
Table 47. UPS Courier, Express & Parcel Services Product Offerings
Table 48. UPS Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 49. UPS Key News & Latest Developments
Table 50. TNT Express Company Summary
Table 51. TNT Express Courier, Express & Parcel Services Product Offerings
Table 52. TNT Express Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 53. TNT Express Key News & Latest Developments
Table 54. United Parcel Service Company Summary
Table 55. United Parcel Service Courier, Express & Parcel Services Product Offerings
Table 56. United Parcel Service Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 57. United Parcel Service Key News & Latest Developments
Table 58. American Expediting Company Summary
Table 59. American Expediting Courier, Express & Parcel Services Product Offerings
Table 60. American Expediting Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 61. American Expediting Key News & Latest Developments
Table 62. Allied Express Company Summary
Table 63. Allied Express Courier, Express & Parcel Services Product Offerings
Table 64. Allied Express Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 65. Allied Express Key News & Latest Developments
Table 66. Antron Express Company Summary
Table 67. Antron Express Courier, Express & Parcel Services Product Offerings
Table 68. Antron Express Courier, Express & Parcel Services Revenue (US$, Mn) & (2018-2023)
Table 69. Antron Express Key News & Latest Developments
List of Figures
Figure 1. Courier, Express & Parcel Services Segment by Type in 2022
Figure 2. Courier, Express & Parcel Services Segment by Application in 2022
Figure 3. Global Courier, Express & Parcel Services Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Courier, Express & Parcel Services Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Courier, Express & Parcel Services Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Courier, Express & Parcel Services Revenue in 2022
Figure 8. By Type - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 9. By Application - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 10. By Type - Global Courier, Express & Parcel Services Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 12. By Application - Global Courier, Express & Parcel Services Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 14. By Region - Global Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 15. By Country - North America Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 16. US Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 20. Germany Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 21. France Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 28. China Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 32. India Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 34. Brazil Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Courier, Express & Parcel Services Revenue Market Share, 2018-2029
Figure 37. Turkey Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Courier, Express & Parcel Services Revenue, (US$, Mn), 2018-2029
Figure 41. A-1 Express Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. BDP Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. DHL Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. FedEx Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. UPS Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. TNT Express Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. United Parcel Service Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. American Expediting Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Allied Express Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Antron Express Courier, Express & Parcel Services Revenue Year Over Year Growth (US$, Mn) & (2018-2023)