Key Market Indicators
Irish Sea transportation expenditure is projected to hold steady at approximately €11 million by 2028, mirroring the same investment level seen in 2023. This stability comes despite a steady annual increase in demand, which has grown by an average of 1.9% each year since 2014. Conversely, the supply side of Irish Sea transportation has seen a sharp decline. Since 2004, supply has decreased by nearly 50% annually. In 2021, Ireland ranked 15th in terms of supply, trailing behind Finland, which led the category with one unit. Spain, Greece, and Italy occupied the subsequent positions, ranking second, third, and fourth, respectively.
