Key Market Indicators
Finnish Maritime Transport Sales are projected to decline significantly, dropping from €1.35 billion in 2023 to €824 million by 2028. This represents a 7.6% year-on-year decrease in compound annual growth rate (CAGR). Since 2010, the market has been on a steady decline, averaging an 8.1% drop each year. In 2023, Finland ranked 12th in terms of maritime transport sales, with Greece surpassing it with €1.35 billion. Denmark, France, and the United Kingdom held the 2nd, 3rd, and 4th positions, respectively. Meanwhile, the Finnish Vessel Fleet is expected to see modest growth, increasing from 32,000 units in 2023 to 32,610 units by 2028. This marks a 0.3% average annual growth rate. Since 2002, the supply of Finnish vessels has grown at an average rate of 0.5% per year. In 2023, Finland ranked 14th, with Estonia slightly ahead at 32,000 units. Italy, Denmark, and Croatia occupied the 2nd, 3rd, and 4th positions, respectively, in the vessel fleet ranking.
