Market Size of Europe Customs Brokerage Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 27.22 Billion |
| Market Size (2029) | USD 38.19 Billion |
| CAGR (2024 - 2029) | 5.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Customs Brokerage Market Analysis
The Europe Customs Brokerage Market size is estimated at USD 27.22 billion in 2024, and is expected to reach USD 38.19 billion by 2029, growing at a CAGR of 5.81% during the forecast period (2024-2029).
- The volume of EU goods exports and imports decreased in Q3 2023, with a decrease of 4.6% (YoY) and 1.2% (RuY), respectively, compared to Q1 2023. The volume of EU exports in goods decreased for a third consecutive quarter, while imports decreased for a fourth consecutive quarter.
- The surplus in the EU's trade balance remained at around EUR 18 billion (USD 19.75 billion), with a surplus of EUR 6.9 billion (USD 7.57 billion)recorded in Q3 2021.
- Other manufactured goods imports decreased by EUR 6.6 billion (USD 7.24 billion) in the Q3 of 2023 compared to the Q2 of 2023, followed by machinery and vehicles at EUR 6.2 billion(USD 6.80 billion) and energy at EUR 4.7 billion(USD 5.16 billion).
- Exports decreased in the machinery and vehicles group by EUR 6.9 billion (USD 7.57 billion) and in the other manufactured goods group by EUR 2.7 billion(USD 2.96 billion). At the same time, energy and chemicals increased by EUR 3.4 billion (USD 3.73 billion) and EUR 3.2 billion(USD 3.51 billion), respectively.
- In the energy sector, the trade deficit has been on a declining trend since Q3 of 2022, when it reached a record low of -EUR 193.8 billion (USD 212.65 billion). The main reason for this was falling energy prices in Q3 of 2023, which contributed to the decrease in the trade deficit.
Europe Customs Brokerage Industry Segmentation
Customs brokerage firms facilitate the shipment and delivery of goods across geographical borders for individuals and organizations.
The European customs brokerage market is segmented by mode of transport and geography. By mode of transport, the market is segmented into sea, air, and cross-border land transport, and by geography, the market is segmented by Germany, United Kingdom, France, Netherlands, Italy, and the Rest of Europe.
The report offers market size and forecasts for the Europe customs brokerage market in value (USD) for all the above segments.
| By Mode Of Transport | |
| Sea | |
| Air | |
| Cross-Border Land Transport |
| By Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Netherlands | |
| Italy | |
| Rest of Europe |
Europe Customs Brokerage Market Size Summary
The Europe Customs Brokerage Market is poised for significant growth over the forecast period, driven by the region's robust economic activities and trade dynamics. Despite recent declines in the volume of EU goods exports and imports, the market is expected to expand steadily, supported by the essential role of customs brokerage in facilitating international trade. The market's fragmented nature, characterized by a multitude of players such as DHL Logistics, Maersk Logistics, and Kuehne and Nagel Logistics, underscores the competitive landscape. These companies leverage their extensive networks and expertise in navigating complex customs procedures across various European countries, ensuring seamless trade operations for businesses.
Maritime transport remains a cornerstone of Europe's trade infrastructure, accounting for a substantial portion of the EU's external freight trade. The Netherlands, with its major ports like Rotterdam, leads in maritime freight transport, highlighting the importance of seaborne trade in the region's economy. The customs brokerage market benefits from this maritime activity, as ports handle billions of tonnes of goods annually, facilitating imports and exports. Strategic acquisitions, such as Kuehne Nagel's purchase of Farrow, reflect ongoing efforts to enhance customs capabilities and expand market reach, particularly in North America. These developments indicate a proactive approach by key players to strengthen their positions and adapt to evolving trade patterns.
Europe Customs Brokerage Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Government Initiatives and Regulations
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1.3 Supply Chain/Value Chain Analysis
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1.4 Brief on Customs Brokerage as a Freight Forwarding Function
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1.5 Overview of Customs Pricing
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1.6 Insights on Customs Brokerage Services by End-user Industry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Mode Of Transport
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2.1.1 Sea
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2.1.2 Air
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2.1.3 Cross-Border Land Transport
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2.2 By Geography
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2.2.1 Germany
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2.2.2 United Kingdom
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2.2.3 France
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2.2.4 Netherlands
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2.2.5 Italy
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2.2.6 Rest of Europe
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Europe Customs Brokerage Market Size FAQs
How big is the Europe Customs Brokerage Market?
The Europe Customs Brokerage Market size is expected to reach USD 27.22 billion in 2024 and grow at a CAGR of 5.81% to reach USD 38.19 billion by 2029.
What is the current Europe Customs Brokerage Market size?
In 2024, the Europe Customs Brokerage Market size is expected to reach USD 27.22 billion.
