Key Market Indicators
British Maritime Transport Sales are projected to hit €24.2 billion by 2028, up from €20.6 billion in 2023, with an average annual growth rate of 2.6%. Since 2011, the British market has seen an average yearly increase of 2.1%. In 2023, the United Kingdom ranked fourth in the global standings, with France slightly ahead at €20.6 billion. Denmark, France, and the United Kingdom took the second, third, and fourth spots, respectively. Meanwhile, the British vessel fleet is expected to decrease to 94,090 units by 2028, down from 101,750 units in 2023, marking an average yearly decline of 1.2%. Since 2005, the supply of British vessels has fallen by an average of 2.6% per year. In the 2023 rankings, the UK was seventh, with Germany surpassing it with 101,750 units. Italy, Denmark, and Croatia were positioned second, third, and fourth, respectively.