Key Market Indicators
Spanish Maritime Transport Sales is projected to hit €2.9 billion by 2028, up from €2.7 billion in 2023, marking an average annual growth rate of 1.1%. Since 2010, the Spanish market has seen an average yearly increase of 4.1%. In 2023, Spain was ranked 10th in maritime transport sales, with Sweden surpassing it by reaching €2.7 billion. Denmark, France, and the United Kingdom held the second, third, and fourth positions, respectively. Simultaneously, the Spanish vessel fleet is expected to grow to 275,000 units by 2028, up from 221,000 units in 2023, reflecting a compound annual growth rate (CAGR) of 3.4%. Since 2005, the Spanish supply has increased by an average of 2.1% per year. In 2023, Spain ranked fifth in terms of vessel fleet size, with Croatia just ahead at 221,000 units. Italy, Denmark, and Croatia secured the second, third, and fourth spots, respectively, in this ranking.