Estonia Freight Industry Outlook 2024 - 2028

See how Estonia Freight performed compared to key markets such as China, Kazakhstan and Germany.

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.

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Estonia Freight Market Data and Forecasts