A PYMNTS Company

Spain: State post service ‘Correos’ leading on-line deliveries with 46% of market

By  |  December 20, 2016
Spain: State post service ‘Correos’ leading on-line deliveries with 46% of market

Spain’s official postal service, Correos, has come out as the leader in delivery services for citizens making online purchases, with 45.8% of the market. This was revealed by the CNMC’s recent report on the sector.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The competition watchdog’s analysis also shows that Correos lost 1.5% of its market share for traditional post, with 90% of the market in terms of sales.

    The CNMC’s report shows Correos as the hardest hit by the fall in traditional mailing last year, with an overall dip of 4% in total postal activity, with only 3.5 billion parcels sent and causing a 2% drop in profits for the industry.

    “The rise of new technologies, and particularly the rapid growth of e-commerce, has caused an accelerated change in the sector, with the arrival of new companies and the diversification of industrial goods transportation companies towards this sector” remarks the CNMC’s report.

    Full Content: Diario Siglo XXI

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.