Customs Brokerage Service Category Is Expected to Grow at CAGR of 7.7% From 2023 to 2030

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Customs Brokerage Service Procurement Intelligence

In this customs brokerage service intelligence report, we have estimated the pricing of the key cost components. The cost of customs brokerage services depends on a number of factors, including the base fee, additional fees, the need for a bond, and the amount of duties and taxes owed. The total cost will vary depending on the specific circumstances of each shipment.

The cost of customs clearance can vary depending on a number of factors, including the value of the goods, the country of origin, the country of destination, and the complexity of the shipment. For instance, a simple, low-value shipment from a country with no trade restrictions costs around USD 100 -150 to clear customs, including paperwork, communication, and processing duties and taxes. Complex, high-value goods from a country with strict import regulations can cost several thousand dollars, including fees for documentation, inspections, and handling delays.

Order your copy of the Customs Brokerage Service category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Operational Capabilities – Customs Brokerage Services

  • Industries Served – 25%
  • Years in Service – 15%
  • Revenue Generated – 15%
  • Employee Strength – 15%
  • Geographic Service Provision – 10%
  • Certification – 10%
  • Key Clients – 10%

Functional Capabilities – Customs Brokerage Services

  • Import Clearance – 45%
  • Export Clearance – 30%
  • Bonding – 10%
  • Freight Forwarding – 10%
  • Consulting – 5%

Rate Benchmarking

Rate benchmarking in customs brokerage services involves comparing the rates charged by different customs brokers for their services to establish industry standards and identify outliers. Rates in the customs brokerage industry can vary significantly based on factors such as the type of goods being imported or exported, the value of the goods, the complexity of the shipment, and the location of the ports of entry. 

For example, a customs broker in the United States may charge an average rate of USD 1,000-1200 per shipment, while a customs broker in China could charge around USD 500-550 per shipment. It is important to note that benchmarking rates solely based on cost may not provide a complete picture of the quality and value of the services offered. Factors such as experience, expertise, knowledge of regulations, and efficiency should also be considered to make informed decisions when selecting a customs broker. Regularly updating benchmark data can help importers and exporters make informed decisions and negotiate fair pricing contracts with customs brokers, ensuring smooth and efficient customs clearance.

Supplier Newsletter

  • In April 2023, Universal Logistics Inc. acquired Elliott Custom Brokers, a division of The Georgetown Group Limited. The acquisition gave Universal Logistics a significant presence in the cross-border trade between Canada and the United States. This helped in expanding Universal Logistics’s reach into the United States.
  • In April 2023 Worldwide Logistics Group (WWL), a global integrated logistics provider, has completed acquisition of P. W. Bellingall, Inc. (PWB), a major customs brokerage house located in San Francisco. This acquisition will give WWL a significant presence in the cross-border trade between the United States and Asia and also expands its reach into the San Francisco Bay Area.
  • In December 2022 B.I.G. announced the acquisitions of privately-owned Xcell Logistic Services, Inc., and Xcell Logistics Corporation in Mexico. The acquisition gave B.I.G. Logistics a significant presence in the cross-border trade between the United States and Mexico. This expanded B.I.G. Logistics’s reach into Latin America.

List of Key Suppliers

  • Kuehne+Nagel
  • United Parcel Service of America Inc
  • CEVA Logistics
  • APL Logistics Ltd
  • Expeditors International of Washington Inc
  • Nippon Express Holdings
  • Deutsche Post DHL Group
  • FedEx
  • CJ Logistics Corporation
  • DB Schenker 

Browse through Grand View Research’s collection of procurement intelligence studies: 

Customs Brokerage Service Procurement Intelligence Report Scope 

  • Customs Brokerage Service Category Growth Rate : CAGR of 7.7% from 2023 to 2030 
  • Pricing Growth Outlook : 10% – 15% (Annually) 
  • Pricing Models : Cost-plus pricing and value-based pricing 
  • Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence 
  • Supplier Selection Criteria : Technical expertise, experience, cost and quality of service, capabilities and reliability, customer service 
  • Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
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