Based on the 2023 data, Denmark leads the European sea and coastal freight transport market with €31.71 billion, closely followed by Germany at €31.55 billion. Norway and the UK trail behind with €16.01 billion and €10.77 billion respectively. Notably, Poland saw significant growth with a 37.28% year-on-year increase, while Hungary experienced the highest surge at 84.05%. On the other hand, Sweden and Finland faced declines of 6.02% and 3.73% respectively. Other countries like Portugal and Malta demonstrated strong growth, highlighting their emerging importance in this market.
Future trends to watch include continued technological advancements in logistics and green shipping initiatives, which may influence turnover in various countries. Additionally, the economic impact of policy changes related to the European Union’s environmental targets could see significant shifts in market dynamics. Emerging markets like Poland and Hungary might continue their rapid ascent, altering the competitive landscape of the European sea and coastal freight transport sector.
Top countries in Turnover of Sea and Coastal Freight Water Transport by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 31,710 | 2023 | +2.22% | +2.67% | View data |
| 2 | 2 Germany | 31,550 | 2023 | +3.51% | -0.55% | View data |
| 3 | 3 Norway | 16,010 | 2023 | +6.65% | +1.78% | View data |
| 4 | 4 United Kingdom | 10,770 | 2023 | +2.93% | +2% | View data |
| 5 | 5 Netherlands | 6,080 | 2023 | +1.46% | +1.37% | View data |
| 6 | 6 Italy | 5,130 | 2023 | +0.75% | -0.75% | View data |
| 7 | 7 Belgium | 2,730 | 2023 | +6.56% | -1.14% | View data |
| 8 | 8 Spain | 1,470 | 2023 | +4.62% | +0.8% | View data |
| 9 | 9 Poland | 1,340 | 2023 | +14.58% | +37.28% | View data |
| 10 | 10 Greece | 962.4 | 2023 | +3.24% | +1.95% | View data |
