Key Market Indicators
Germany's sea transportation expenditure is projected to rise to approximately €32 million by 2028, up from €30 million in 2023. This represents an average annual growth rate of 1.3%. Notably, since 2018, the country's demand in this sector has increased by 2.1% each year. In addition, Germany's passenger ship fleet is expected to expand to around 24,460 units by 2028, up from 23,940 units in 2023, reflecting a compound annual growth rate (CAGR) of 0.3%. Since 2005, the supply of passenger ships in Germany has seen no significant change on a yearly basis. In the global ranking of passenger ship fleets for 2023, Germany held the fifth position, while Italy surpassed it with the same count of 23,940 units. Spain, Greece, and Italy occupied the second, third, and fourth spots, respectively.