Europe Customs Brokerage Market Report 2022: Sea Transport Dominates the Market & Boosts Growth - ResearchAndMarkets.com

The "Europe Customs Brokerage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)" report has been added to ResearchAndMarkets.com's offering.

The Europe customs brokerage market is estimated to register a CAGR of approximately 3% during the forecast period (2022-2027).

The pandemic has impacted imports of Europe negatively, The second quarter of 2020 saw the greatest decrease in imports when compared to the previous year. Imports from all Member States fell in the third quarter as well. Imports from nine Member States increased in the fourth quarter of 2020 compared to the same period in 2019. Ten of the remaining 18 had decreased by more than 5%, most notably in Malta (-24% ).

In 2021, extra-EU trade saw a strong recovery from the drops in exports and imports registered in 2020 due to the impact of the coronavirus pandemic. In 2021, imports increased by 23% and exports by 13%. In 2021, the EU trade in goods balance registered a surplus of EUR 68 billion, the lowest surplus since 2011, when the trade balance recorded a EUR 42 billion deficit. This development was driven, in particular, by a steep rise in the value of energy imports towards the end of 2021, with increasing trade deficits being recorded in November and December.

Among the EU Member States, the highest shares of intra-EU trade in 2021 for both imports and exports were recorded in Luxembourg (89% and 81%, respectively). In contrast, Ireland was the EU Member State with the lowest shares of intra-EU trade for both imports and exports (38% for both), which is not surprising as its first trade partner is the United Kingdom. In 2021, the Netherlands was importing a large share of goods from third countries and exporting them within the EU. In contrast, Cyprus imported a large share of goods from the EU Member States, while the largest share was exported outside the EU.

Key Market Trends

Germany Driving the Growth of the Market

The German economy is the fourth-largest economy in the world, accounting for one-quarter (24.2%) of the European Union's GDP in 2020. With a population of 83.2 million people, Germany has the largest consumer market in the European Union. Germany is also Europe's largest importer, accounting for one-third of total imports into the continent. Every year, Germany imports approximately 20-25% of its goods and services from China and the United States. Germany imported goods to the value of EUR 1,202.2 billion in 2021. Imports were up by 17.1% on a year ago. Most imports to Germany came from the People's Republic of China in 2021. Goods to the value of EUR 141.7 billion were imported from there (+20.8% on a year earlier). The Netherlands ranked second among the most important countries for imports to Germany, accounting for goods to the value of EUR 105.6 billion (+21.4%). The United States came third with a value of EUR 72.1 billion (+6.5%).

According to the Central Customs Authority of Germany, the total value of customs duties collected by the authority in 2019 was EUR 5.2 billion, accounting for 20% of the total value of union customs collection and the largest share of federal government tax revenue of the country.

Sea Transport Dominates the Market

Shipping remains the most cost-effective means of transporting goods from supplier to buyer, with 75% of goods coming into Europe by sea from external partners. Looking at past trends over the last five years, the EUs import tonnage increased by 5%, typically importing from an average of 211 unique Non-EU Trade partners each year - it represents a substantial increase of 22% (USD 227 Billion) in terms of the value of those goods.

Just under 30% of the 211 trade partners lie to the East, spread across Northern Africa, Middle East and Asia. The commodity portfolio is predominantly made up of mineral fuels, oils & derivatives, which is unsurprising considering that around 60% of total imports usually constitutes of these types of goods. What is however notable is that of those 60%, 24% or 183 Million Tons comes from this area alone (particularly Saudi Arabia, Iraq, Qatar). Other types of goods to be imported from this region alone include high valued goods such as vehicles, ores, construction materials, electrical goods & Apparels. The number of customs entries by mode is highest for sea transport, as is the revenue of the customs brokerage market.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

5 MARKET SEGMENTATION

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 APPENDIX

Companies Mentioned

• DHL Group Logistics
• DB Schenker
• Kuehne and Nagel
• Maersk Logistics
• United Parcel Services
• FedEx
• Rhenus Logistics
• Gerlach Customs
• APL Logistics
• Gaston Schul Logistics*

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221101005751/en/