In 2023, maritime container transport in Estonia stood at 255.95 thousand Twenty-Foot Equivalent Units (TEUs), marking a 5.04% year-on-year increase. The compound annual growth rate (CAGR) over the past five years was 1.21%. Analyzing trends over the last decade, there were fluctuations with notable declines in 2015 and 2020. However, recent years have shown a positive growth trajectory with consistent increases from 2021 onwards.
Future trends to watch for:
• Continued growth is expected, with a forecasted 5-year CAGR of 1.93% and a cumulative growth rate of 10.03% by 2028. • Watch for potential impact from global economic conditions and trade policies which could influence shipping volumes. • Technological advancements in maritime logistics and potential infrastructure improvements in Estonian ports could further drive growth.
