Strong growth for parcels was more than offset by declines for mail, logistics, financial and retail services, with total revenue dropping 0.3% in the year.

Parcels accounted for close to 60% of the post’s revenue in 2020, having grown 11% in the year. Correios Brasil benefitted from increased domestic and cross-border e-commerce demand, with new service launches targeting these sectors. Meanwhile, mail volumes fell by close to a third, with total mail revenue down by a quarter despite significant rate increases implemented early in the year. For more details download the latest IPC Carrier Intelligence Report for Correios Brasil.

 

If your company has not yet subscribed to IPC’s Carrier Intelligence Reports, please visit this page or email us at market.intelligence@ipc.be.