Key Market Indicators
Estonian freight volume is projected to decline substantially over the next five years. By 2028, it is expected to drop to approximately 2,450 million tonne-kilometers, down from 5,260 million tonne-kilometers in 2023. This represents an average annual decrease of 12.2%. Historically, since 1975, Estonia's freight supply has seen a yearly reduction of 8.9%. In 2023, Estonia ranked 29th globally, with Slovenia surpassing it with the same freight volume of 5,260 million tonne-kilometers. Kazakhstan, Germany, and Poland held the second, third, and fourth spots, respectively, in this ranking. On the revenue front, Estonian freight revenue is set for modest growth. It is anticipated to reach €1,610 million by 2028, up from €1,480 million in 2023, marking an average annual increase of 1.4%. Since 2013, the market has consistently grown by 1.4% each year. In 2023, Estonia was ranked 27th in freight revenue, with Latvia slightly ahead at €1,480 million. France, Poland, and Germany occupied the second, third, and fourth positions, respectively, in this category.