European Maritime Transport Trends in 2024
Maritime Transport is part of Transportation and includes a number of sub-sectors such as Sea Freight, Maritime Passenger Transport and Vessel. You may also be interested in Pipeline Transportation, Rail Transportation and Passenger Transportation.
European Maritime Transport Sales are projected to reach approximately €182 billion by 2028, up from around €172 billion in 2023. This marks a steady growth rate of 1.6% annually. Since 2019, the European market has seen a consistent annual increase of 1.4%. Germany leads the market with sales hitting €39 billion in 2023. Trailing behind are Denmark, France, and the United Kingdom, securing the second, third, and fourth spots, respectively. Notably, Poland has experienced a significant surge with a 17.1% year-on-year increase, while Bulgaria has faced a decline of 14.5% annually since 2019. The European Vessel Fleet is expected to slightly decrease to 2.39 million units by 2028, from 2.43 million units in 2023, with a modest annual growth rate of 0.4%. Since 2019, there has been a 0.5% yearly increase in European supply. Greece tops the chart with 534,000 units in its fleet for 2023. Following Greece are Italy, Denmark, and Croatia, ranking second, third, and fourth, respectively. Malta has shown robust growth with a 9.8% annual increase, whereas Slovenia has seen a 2.8% yearly decline since 2019.
Top 10 countries
In 2024 major markets in the Maritime Transport Industry were:
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- Shipping Freight Volume 66 countries (Western Europe, Europe, Germany...)
- Synthetic Fiber Production 37 countries (Western Europe, Europe, Germany...)
- Metal Production 74 countries (Western Europe, Europe, Germany...)
- Grains Production 216 countries (Western Europe, Germany, Europe...)
- Food Production 240 countries (Western Europe, Europe, Germany...)
- Coke Production 93 countries (Western Europe, Europe, Germany...)
- Nitrogen Production 48 countries (Western Europe, Europe, Germany...)
- Coal Production 70 countries (Western Europe, Europe, Germany...)
- Sea Passenger Traffic 49 countries (Southern Europe, France, Spain...)
- Freight Vessel Traffic 31 countries (Europe, Western Europe, European Union...)