Forecast: Number of Dry Bulk Carriers in Finland

The dry bulk carrier fleet in Finland experienced fluctuating growth between 2013 and 2023. From 2013 to 2016, the number of carriers showed an overall declining trend. However, there was significant variability, with notable increases in 2015 and 2017. Post-2016, the fleet resumed growth, reaching its peak in 2019 before slightly declining in 2020. From 2021 to 2023, a slight growth trend resumed, ending at 691 units in 2023.

Key trends:

• Year-on-Year variability: The fleet experienced significant fluctuations in year-on-year growth rates, with the most considerable changes happening in 2016 (-25.96%) and 2019 (19.1%).
• Latest Year-on-Year: The fleet slightly grew by 3.75% from 2022 to 2023.
• Recent CAGR: Over the past five years, the fleet grew at a CAGR of approximately 2.09%.

Future trends indicate a stabilizing number of carriers at around 692 units through 2028, with a forecasted 5-year CAGR of 0.03%. This suggests limited growth potential in the near term, pointing to market stabilization.

Trends to watch for:

• Technological advancements: The adoption of new, more efficient vessels could influence fleet count and operations.
• Policy and regulation changes: Environmental regulations may impact both the number and type of vessels operating in Finland.
• Global economic shifts: Fluctuations in global trade and demand for raw materials will influence fleet numbers.