Key Market Indicators
Estonian sea transportation expenditure is projected to climb to approximately €51 million by 2028, a rise from nearly €46 million in 2023. This growth marks an average annual increase of 1.5%. The demand for sea transportation in Estonia has seen a steady upward trend, with a year-on-year growth rate of 2.9% since 2013. In stark contrast, the Estonian passenger ship fleet has remained stagnant. As of 2020, the fleet size was virtually nonexistent, holding at zero units, the same as in 2019. This represents a dramatic 100% decline annually since 2007.
