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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
