Key Market Indicators
Greek Sea Transportation Expenditure is projected to decline significantly, dropping from approximately €8.6 million in 2023 to roughly €4.9 million by 2028. This represents an average annual decrease of 8.9%. Notably, since 2013, the demand for sea transportation in Greece has already been on a downtrend, falling by an average of 4.4% each year. Similarly, the Greek Passenger Ship Fleet is expected to experience a sharp reduction. The fleet is forecasted to shrink from about 41,800 units in 2023 to approximately 13,100 units by 2028, marking an average annual decrease of 18.3%. Historical data shows that since 2005, the supply of passenger ships in Greece has decreased by an average of 0.4% per year. In 2023, Greece was ranked third globally in terms of passenger ship units, with Spain surpassing it with the same number of units, 41,810. Spain, Greece, and Italy occupied the second, third, and fourth positions respectively in this ranking.
