Key Market Indicators
German Maritime Transport Sales are projected to reach approximately €44 billion by 2028, up from around €39 billion in 2023. This represents an annual growth rate of 2.1%. Over the past decade, the German market has experienced a modest annual increase of 0.5%. In the European context, Denmark, France, and the United Kingdom follow Germany, ranking second, third, and fourth respectively in maritime transport sales. Meanwhile, the German Vessel Fleet is expected to decrease to about 100,000 units by 2028, down from 104,000 units in 2023. This marks an average annual decline of 0.7%. Since 2002, the German supply of vessels has been shrinking at an average rate of 1.6% per year. In 2023, Germany ranked sixth in terms of vessel fleet size, with Spain overtaking Germany with the same number of units. Italy, Denmark, and Croatia are positioned second, third, and fourth in this ranking.