DHL Express announced the price adjustments that will take effect on January 1, 2024. The average increase in Hong Kong and Macau will be 4.9%.

"Overall, the global macroeconomic situation has started to stabilize, although uncertainty remains. Through these turbulent times, we deliver stable and reliable services to all our customers globally," said Ng Chee Choong, senior vice president and managing director of DHL Express Hong Kong and Macau.

"With the annual price adjustment, we can continue to invest in improved solutions, increase flexibility across our network and focus on our responsibility to the environment to deliver resilient and sustainable logistic solutions," he added.

DHL said in a statement that prices are adjusted on an annual basis by DHL Express, taking into consideration inflation and currency dynamics as well as administrative costs related to regulatory and security measures.

National and international authorities regularly update these measures in the more than 220 countries and territories that DHL Express serves.

DHL said depending on local conditions, price adjustments will vary from country to country.