Market Size of Estonia Freight And Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.02 Billion |
| Market Size (2029) | USD 4.18 Billion |
| CAGR (2024 - 2029) | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Estonia Freight and Logistics Market Analysis
The Estonia Freight And Logistics Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 4.18 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).
Estonia's economic performance remains solid, supported by strong institutions and effective structural reforms. The World Bank Logistics Performance Index for Estonia improved in 2023 compared to 2018 Estonia is the geographical midpoint of Northern Europe, has one of the most efficient trade routes from China to Northwestern Russia, and Northern Europe and the largest port at the Baltic Sea are all located in Estonia.
There is an increasing emphasis on transport development planning on its economy and environmental sustainability. The Estonian Ministry of Economic Affairs and Communications is beginning the inclusion of the Transport and Mobility Master Plan for 2021-2030. According to the Deputy Secretary of General for Transport, Ahti Kuningas, in the Estonian Ministry of Economic Affairs and Communications, the aim of the Master Plan for the next 10 years is to ensure a safe and technologically innovative transport sector while further developing the competitiveness of the logistics sector. With the country taking initiatives for growth in the green freight solutions and developing its trans European freight infrastructure, the importance of Estonia as a transit corridor has increased. Additionally, the government is taking initiatives to help develop the logistics infrastructure has been propelling the growth of logistics in the country.
