Estonia Freight and Logistics Market Size
| 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.
Estonia Freight and Logistics Market Trends
Rapid Growth of E commerce in the Region
The online sales account for about one-fifth of total retail trade in Estonia and it is one the most important sales channel for many businesses in the country. E-shopping outside of Estonia has also grown rapidly in the last six to seven years, leading to growth in cross border e-commerce trade and increasing freight. The scope of Chinese e-commerce is demonstrated by the numbers of standard mail arriving from Asia, and it is noteworthy that the number of international items of correspondence has grown to 2.5 million items in the past five years.
An average Estonian sends only one standard letter a year. This increase in standard letters by several million demonstrates only one thing; these are e-commerce purchases that are arriving in the mailboxes mainly from Asia, and without paying tax. The Competition Board said the three most prominent providers of courier service in Estonia, DPD, Itella, and Omniva, hold a market share of 80% combined, with DHL and UPS having another 10% between them. According to the association, the parcel volume of the five biggest courier companies is approximately 20 million units a year, of which nine million are cross-border parcels, and about half of the total parcel volume is moving via Omniva.Three of Estonia's biggest parcel delivery companies have seen increase in their delivery volumes due to the current epidemic and the measures taken by the Estonian government. In 2022, the majority of individuals in Estonia who had online purchased in the past three months bought goods from national sellers, at over 88 percent. In comparison, 41 percent of Estonians purchased products online from sellers from other EU countries.
Agriculture, Fisheries and Food Industry Growth in Estonia
According to Statistics Estonia, in 2022, fish farming enterprises sold 801 tonnes of commercial fish and crayfish, for a total of 4.9 million euros. The sale of fish roe amounted to 2.7 tonnes. The sold quantity of fish farming production decreased for the third year in a row. The quantity of fish roe sold in 2022 was 8 times smaller than the year before. According to Statistics Estonia, in 2022, fish farming enterprises sold 801 tonnes of commercial fish and crayfish, for a total of 4.9 million euros. The sale of fish roe amounted to 2.7 tonnes. The sold quantity of fish farming production decreased for the third year in a row. The quantity of fish roe sold in 2022 was 8 times smaller than the year before.
The growth of agriculture, fisheries, and the food industry have helped the road freight transport industry in the country to grow at the time when the national haulers are experiencing heavy competition from international haulers. Digitization is a significant trend in Estonia, and the digitization of the road freight industry is expected to increase in the coming years. Platforms, like Uber Freight, are expected to emerge from within the country to help develop the market.
Estonia Freight and Logistics Industry Overview
The freight and logistics market in Estonia is fragmented in nature with a large number of international as well as domestic players active in the country. Some of the prominent players in the market include DHL, CEVA Logistics, DSV, Rhenus Logistics, and Group Logistics amongst others. With a lower cost base than Estonia, for instance, cheaper labor, fuel, and insurance, the number of service providers from neighboring countries, such as Latvia, Lithuania, and Poland, is high, driving down freight prices and giving tough competition to the local players.
Estonia Freight and Logistics Market Leaders
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DHL
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CEVA Logistics
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Rhenus Logistics
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DSV
*Disclaimer: Major Players sorted in no particular order
Estonia Freight and Logistics Market News
- July 2023: DHL Express, the world's leading provider of express shipping services, has announced the grand opening of its Americas region hub based at the Hartsfield-Jackson Atlanta International Airport (ATL). With a focus on sustainability, the USD 84.5 million investment further strengthens the company's connections and service capabilities between the U.S. and key global markets, increasing capacity, speeding transit times, and adding resilience to its network. Spanning 100,000 square feet, the state-of-the-art hub establishes direct connections between 19 cities in the Southeastern U.S. and key global markets, including Europe and major DHL hubs worldwide.
- July 2023: CEVA Logistics is expanding warehouse automation in its two warehouses in Venray, Netherlands, thanks to the Skypod System from Exotec, a France-based warehouse robotics specialist. The flexible goods-to-person order picking solution will enhance facility efficiency, and during peak seasons, CEVA expects to handle three times the volumes than before.
Estonia Freight and Logistics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS & INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Investments in the logistics infrastructure
- 4.2.2 Government Initiatives
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4.3 Market Restraints
- 4.3.1 Poor Infrastructure
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4.4 Opportunities
- 4.4.1 Technological Innovations in The Logistic Sector
- 4.4.2 Collaborations in the Logistics Companies
- 4.5 Industry Value Chain Analysis
- 4.6 Porters 5 Force Analysis
- 4.7 Insights on Technological Trends in the Market
- 4.8 Insights on Ecommerce Industry
- 4.9 Government Regulations and Initiatives
- 4.10 Brief on Freight Rates
- 4.11 Impact of COVID 19 on the market
5. MARKET SEGMENTATION
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5.1 By Function
- 5.1.1 Freight Transport
- 5.1.1.1 Road
- 5.1.1.2 Inland Water
- 5.1.1.3 Air
- 5.1.1.4 Rail
- 5.1.2 Freight Forwarding
- 5.1.3 Warehousing
- 5.1.4 Value Added Services and Other Functions
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5.2 By End User
- 5.2.1 Manufacturing and Automotive
- 5.2.2 Oil and Gas, Mining and Quarrying
- 5.2.3 Agriculture,Fishing and Forestry
- 5.2.4 Construction
- 5.2.5 Distributive Trade (Wholesale and Retail Segments- FMCG Included)
- 5.2.6 Healthcare and Pharmaceuticals
- 5.2.7 Other End Users
6. COMPETITIVE LANDSCAPE
- 6.1 Overview (Market Concentration, Major Players)
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6.2 Company Profiles
- 6.2.1 DHL EXPRESS
- 6.2.1.1 Rhenus Logistics
- 6.2.1.2 CEVA Logistics - CF&S Estonia AS
- 6.2.1.3 DSV
- 6.2.1.4 Group logistics OU
- 6.2.1.5 TT Estonia
- 6.2.1.6 Hanson Logistics
- 6.2.1.7 Delamode Estonia
- 6.2.1.8 ESTMA OU
- 6.2.1.9 Parme Trans
- 6.2.1.10 Ace Logistics Estonia
- 6.2.1.11 Smarten Logistics
- 6.2.1.12 Tallinna Toiduveod AS
- 6.2.1.13 Ferroline GruppO
- 6.2.1.14 CF&S Estonia AS
- 6.2.1.15 MerkTrans
- 6.2.1.16 KGK Logistics*
- *List Not Exhaustive
7. Market Opportunities and Future Trends
8. Appendix
- 8.1 GDP Distribution, by Activity
- 8.2 Insights on Capital Flows
- 8.3 Economic Statistics -Transport and Storage Sector, Contribution to Economy
- 8.4 External Trade Statistics - Export and Import, by Product
- 8.5 Insights on Key Export Destinations
- 8.6 Insights on Key Import Origin Countries
Estonia Freight and Logistics Industry Segmentation
Freight refers to any type of goods, items, or commodities that are transported in bulk via air transport, surface transport, or sea/ocean transport. Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination.
The Estonia Freight and Logistics Market segmented by Function (Freight Transport, Freight Forwarding, Warehousing, and Value-added Services and Other Services) and End User (Manufacturing and Automotive, Oil and Gas, Mining, and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Healthcare and Pharmaceutical, and Other End Users). The report offers market sizes and forecasts for the above market in value (USD) for all the above segments.
| By Function | Freight Transport | Road |
| Inland Water | ||
| Air | ||
| Rail | ||
| By Function | Freight Forwarding | |
| Warehousing | ||
| Value Added Services and Other Functions | ||
| By End User | Manufacturing and Automotive | |
| Oil and Gas, Mining and Quarrying | ||
| Agriculture,Fishing and Forestry | ||
| Construction | ||
| Distributive Trade (Wholesale and Retail Segments- FMCG Included) | ||
| Healthcare and Pharmaceuticals | ||
| Other End Users |
Estonia Freight and Logistics Market Research FAQs
How big is the Estonia Freight and Logistics Market?
The Estonia Freight and Logistics Market size is expected to reach USD 3.02 billion in 2024 and grow at a CAGR of 7% to reach USD 4.18 billion by 2029.
What is the current Estonia Freight and Logistics Market size?
In 2024, the Estonia Freight and Logistics Market size is expected to reach USD 3.02 billion.
Who are the key players in Estonia Freight and Logistics Market?
DHL, CEVA Logistics, Rhenus Logistics and DSV are the major companies operating in the Estonia Freight and Logistics Market.
What years does this Estonia Freight and Logistics Market cover, and what was the market size in 2023?
In 2023, the Estonia Freight and Logistics Market size was estimated at USD 2.81 billion. The report covers the Estonia Freight and Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Estonia Freight and Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Estonia Logistics Industry Report
Statistics for the 2024 Estonia Freight And Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Estonia Freight And Logistics analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
