Key Market Indicators
**Bulgarian Maritime Transport Sales Projected to Plummet by 2028** Bulgarian Maritime Transport Sales are forecast to decline dramatically, dropping from approximately €34 million in 2023 to around €9 million by 2028. This represents an average annual decrease of about 21%, marking a significant downturn for the sector. Since 2010, the Bulgarian market has already been witnessing a steady decline, averaging a 14.5% reduction year on year. As of 2023, Bulgaria is ranked 24th globally, having been overtaken by the Czech Republic, which reported sales of €34 million. Denmark, France, and the United Kingdom occupy the second, third, and fourth positions respectively in this ranking. **Bulgarian Vessel Fleet Expected to See Modest Growth** In contrast, the Bulgarian Vessel Fleet is on a path of modest growth. The fleet is projected to increase from approximately 3,120 units in 2023 to around 3,150 units by 2028, reflecting an average annual growth rate of 0.2%. Since 2006, the Bulgarian supply has remained relatively stable. In 2023, Bulgaria ranks 22nd, with Lithuania surpassing it with an identical fleet size of about 3,120 units. Italy, Denmark, and Croatia hold the second, third, and fourth spots in this ranking, respectively.
