Key Market Indicators
**Norwegian Maritime Transport Sales Projected to Hit €18.3 Billion by 2028** Norwegian Maritime Transport Sales are projected to reach approximately €18.3 billion by 2028, up from around €17.5 billion in 2023. This marks an average annual growth rate of 0.6%. Since 2010, the Norwegian market has been experiencing an average yearly increase of 1.4%. In 2023, Norway ranked fifth in maritime transport sales. The United Kingdom surpassed Norway with sales amounting to €17.5 billion. Denmark, France, and the United Kingdom occupied the second, third, and fourth positions, respectively. **Norwegian Vessel Fleet Expected to Expand to Nearly 80,000 Units by 2028** The Norwegian vessel fleet is anticipated to grow to about 79,720 units by 2028, rising from approximately 68,810 units in 2023. This signifies an average annual growth rate of 2.3%. Since 2007, the Norwegian fleet supply has seen an annual growth rate of 3.3%. In 2023, Norway ranked ninth in terms of fleet size, with Sweden surpassing it with the same number of units. Italy, Denmark, and Croatia held the second, third, and fourth ranks, respectively.
