Key Market Indicators
Azerbaijan's shipping freight volume is projected to decline slightly over the next five years, reaching 3,330 million tonne-kilometers by 2028. This marks a decrease from the current 3,390 million tonne-kilometers in 2023, translating to an average annual reduction of 0.3%. Historically, the country's freight volume has seen a more substantial drop. Since 1999, Azerbaijani supply has decreased by an average of 5.9% each year. In the global ranking for 2023, Azerbaijan holds the 7th position. France leads the list with the same freight volume of 3,390 million tonne-kilometers. Following closely are the Netherlands, Germany, and Romania, securing the 2nd, 3rd, and 4th positions respectively.
