Hong Kong Customs Brokerage Market - Growth, Trends, Covid-19 Impact and Forecasts (2022 - 2027)

Hong Kong Customs Brokerage Market is segmented by Mode of Transport (Sea, Air, and Cross-border Land Transport). The report offers market size and forecasts for the Hong Kong customs brokerage market value (USD Billion) for all the above segments.

Market Snapshot

Hongkong Customs Brokerage Market Size
Study Period: 2018-2027
Base Year: 2021
CAGR: >5 %

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Market Overview

The Hong Kong Customs Brokerage market is estimated to witness a CAGR of more than 5.5% during the forecast period.

COVID-19 has impacted the customs brokerage market due to a sudden drop in demand and a sudden reduction in the capacity of ocean carriers, which pushed up the spot rates of freight by 25-40% in some trade lanes. Meanwhile, there were air freighters that witnessed cargo demand outstripping capacity supply due to an upsurge in PPE, Medical supplies. There was also recent growth in exports and imports from Hong Kong, which is also a driving factor for customs brokerage.

The Hong Kong customs brokerage market had exceptional growth in recent years, and this trend is expected to continue in the future years. The Hong Kong customs brokerage market size growth may be attributable to the country's increased competitive advantage as a global logistics hub that revolves around three competencies – best-in-class transshipment hub, the center of excellence for logistics talent development, and global leadership in e-logistics.

Hong Kong, the world's top cargo transshipment center, handles approximately 4 million tons of air cargo and almost 24 million TEU of maritime freight each year. According to the International Air Transport Association, Hong Kong will continue to be the world's fastest-growing air cargo market, while the cluster effect of 200,000 vessel calls, combined with the extensive network of connections to over 550 container ports worldwide, will ensure increasing volumes of ocean freight transshipments.

Scope of the Report

Customs brokerage firms make international trade possible by facilitating the shipment and delivery of goods across international borders. The agency has to take care of shipments that occur in a sheer volume across international borders every single day. The Hong Kong customs brokerage market is segmented by Mode of Transport (Sea, Air, and Cross-border Land Transport). The report offers market size and forecasts for the Hong Kong customs brokerage market value (USD Billion) for all the above segments. A complete background analysis of the Hong Kong customs brokerage market, which includes an assessment of the economy, market overview, market size estimation for key segments, emerging trends in the market, market dynamics, key company profiles, and the impact of COVID-19 are covered in the report.

By Mode of Transport
Cross-border Land Transport

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Key Market Trends

Growth in Imports and Exports in Hong Kong Driving the Customs Brokerage Market

Hong Kong's import and export trading sector provides services mainly in the form of offshore buying and selling of goods. Given Hong Kong's location and the relocation of Hong Kong's manufacturing bases to the mainland, particularly the Pearl River Delta, mainland China is a major source of offshore trading activities. It is an important entrepot for Mainland China.

Since Freight transportation is mainly dependent on the volume of imports and exports and ultimately increases the growth of the customs brokerage market. The surge in imports is the primary reason for the growth of the customs brokerage market in Hong Kong.

The values of Hong Kong's total exports and imports of goods in September-2021 recorded Y-o-Y increases of 16.5% and 23.5%, respectively. In the first nine months of 2021, the value of total exports of goods increased by 27.3% compared to the same period in 2020, Y-o-Y, while the value of imports of goods rose by 26.5%.

The value of merchandise exports continued to expand visibly by 16.5% in September 2021 over a year earlier despite a higher base of comparison, with exports to the mainland, the United States, the European Union, and many other key Asian markets posting double-digit growth.

Hongkong Customs Brokerage Market Growth

Surge in Air and Sea-borne Cargo in Hong Kong to Provide Opportunities

Hong Kong’s port cargo throughput was 104.2 million tons in H1 2021. The port of Hong Kong is still one of the busiest ports in the world. The port cargo movements between Hong Kong and the mainland of China (the mainland) accounted for 50.9% of Hong Kong’s port cargo throughput in 2020. About 79.3% of the port cargo movements between Hong Kong and the Mainland were in the Pearl River Delta region.

In 2020, in terms of weight, the port cargo accounted for 91.4% of the overall inward and outward cargo movements by all transport modes. From 2010 to 2020, the port cargo movements between Hong Kong and the Mainland recorded an average annual growth rate of 1.2%.

The Hong Kong International Airport is one of the busiest and most advanced airports. It consolidates Hong Kong’s position as a hub of commerce and plays a very important role in the development of Hong Kong as a logistics center. In terms of international air cargo throughput, the Hong Kong International Airport ranked second among all airports in the world in 2020. The cargo throughput of the Hong Kong International Airport in 2021 was 5 million tons.

Water transport is one of the most important modes of international trade. Hence, there is an increase in demand for customs brokerage, air cargo due to the transport of perishable pharma products and chemicals, and an increase in just-in-time production of goods. All these factors are paving the way for the growth of customs brokerage in Hong Kong.

Hongkong Customs Brokerage Market Analysis

Competitive Landscape

The Hong Kong customs brokerage market is highly fragmented with the domination of global players and regional players. The global players include UPS, FedEx, DHL, and JAS. The regional players like Sino Shipping, Sea Hog Global Shipping & Logistics, and A&G Logistics also have a strong local presence. With many customs brokers operating in the market, the competition is high. To gain a competitive edge over other players, many companies are investing in new technologies like blockchain and supply chain integration. The importance of Hong Kong as a regional logistics hub also helps in increasing the market players and competition to cater to the needs.

Recent Developments

Nov 2021: GEODIS (a transport and logistics company) announced the deployment of Autonomous Mobile Robots (AMR) from Geek+ (a global technology company specializing in smart logistics through advanced robotics and artificial intelligence) at its Yuen Long Warehouse Distribution Centre (YLDC) in Hong Kong, SAR China. The YLDC will be provided with an exclusive AMR operating area with QR coding to guide automated operations. The smart facility underlines GEODIS' digital-first outlook for future operations.

Aug 2021: DHL Express (a German logistics company) bolsters Intra-Asia Airfreight Capacity. Newly converted B737-800 Boeing aircraft offers a 30% increase in the gross payload for customers in Bangkok, Hanoi, and Hong Kong. The expanded capacity and increased flight frequency from five to six times per week will equally enable businesses and consumers from the three markets to capitalize on the growth in trade opportunities within Asia, as they benefit from quicker deliveries and shorter transit times.

Table of Contents


    1. 1.1 Study Deliverabales

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study


    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases



    1. 4.1 Current Market Scenario

    2. 4.2 Technological Trends

    3. 4.3 Government Regulations

    4. 4.4 Industry Value Chain/Supply Chain Analysis

    5. 4.5 Brief on Customs Brokerage as a Freight Forwarding Function

    6. 4.6 Review of Customs Brokerage Costs as Percentage of Total Logistics Spend

    7. 4.7 Shipper Insourcing vs. Outsourcing Trends in Customs Brokerage Related Tasks

    8. 4.8 Overview of Customs Pricing

    9. 4.9 Insights on Customs Brokerage Services by End-user Industry

    10. 4.10 Impact of COVID-19 on the Customs Brokerage Market


    1. 5.1 Market Drivers

    2. 5.2 Market Restraints

    3. 5.3 Market Opportunities

    4. 5.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 5.4.1 Bargaining Power of Buyers/Consumers

      2. 5.4.2 Bargaining Power of Suppliers

      3. 5.4.3 Threat of New Entrants

      4. 5.4.4 Threat of Substitute Products

      5. 5.4.5 Intensity of Competitive Rivalry


    1. 6.1 By Mode of Transport

      1. 6.1.1 Sea

      2. 6.1.2 Air

      3. 6.1.3 Cross-border Land Transport


    1. 7.1 Market Concentration overpower

    2. 7.2 Company Profiles

      1. 7.2.1 UPS

      2. 7.2.2 DHL

      3. 7.2.3 FedEx

      4. 7.2.4 TIBA Group

      5. 7.2.5 CBIP Logistics

      6. 7.2.6 Geodis

      7. 7.2.7 Janio

      8. 7.2.8 Livingston International

      9. 7.2.9 JAS

      10. 7.2.10 Jaguar Logistics

      11. 7.2.11 Sino Shipping

      12. 7.2.12 ClearCust*

    3. *List Not Exhaustive

  9. 9. APPENDIX

    1. 9.1 Macroeconomic Indicators (GDP Distribution by Activity and Insights on Capital Inflows)

    2. 9.2 External Trade Statistics - Exports and Imports

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Frequently Asked Questions

The Hong Kong Customs Brokerage Market market is studied from 2018 - 2027.

The Hong Kong Customs Brokerage Market is growing at a CAGR of >5% over the next 5 years.

FedEx, UPS, DHL, TIBA Group, CBIP Logistics are the major companies operating in Hong Kong Customs Brokerage Market.

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