The production in the Sea and Coastal Passenger Water Transport sector in Germany experienced notable fluctuations from 2013 to 2023. Starting at 876.1 million euros in 2013, it surged significantly by 84.99% to 1620 million euros in 2014, and continued to grow variably until reaching 2680 million euros in 2018. However, there was a dramatic decrease of 57.27% in 2020, likely due to the COVID-19 pandemic, reducing production to 728.5 million euros. The sector rebounded strongly in 2021 with a 156.51% increase, eventually growing to 2990 million euros by 2023.
In 2023, the sector reached 2990.0 million euros. Over the last two years, there was a year-on-year increase of 32.95% in 2022 and 20.34% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was moderate at 2.2%.
Future trends indicate steady growth with forecasted production hitting 3860.0 million euros by 2028, representing a 5-year forecast CAGR of 4.01%. This growth trend shows an overall increase of 21.75% from 2023 to 2028. Key areas to watch include technological advancements in maritime transport, changes in tourism patterns, and environmental regulations affecting the sector.
