Postal service market jumps 8% in year to €180m

The annual turnover of the postal service market in Luxembourg jumped 8% last year to a total of €180.1 million, owing to a sharp rise in the amount of parcels and a booming cross-border traffic.

Although the overall number of letters dropped by 6.5% in the space of a year, to 166.8 million, this was compensated by a similar percentage increase in the volume of parcels.

10.75 million parcels were sent in 2019, a rise of 8.1%, according to a report from the regulator the Institut Luxembourgois de Régulation.

The popularity of cross-border services continues to grow, with 80% of all packages leaving Luxembourg to go to another country, and  8.51 million packages transported abroad last year, up from 6 million in 2016.

The ILR based their figures on 25 providers working in the postal market, dominated by state-run Post Luxembourg, which employs more than 70% of the total of 1,900 workers in the sector.

There were 218 fewer post boxes in Luxembourg in 2019 than the previous year, although 12 more ‘pack-up’ or automatic distribution points now exist across the country. The average Luxembourger receives 19 letters every month, a slight drop from 2018, and one parcel.

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