The production value of sea and coastal freight water transport in Germany showed significant fluctuations between 2013 and 2023. It peaked at €21.39 billion in 2015 and hit a low of €13.53 billion in 2016. On average, the compound annual growth rate (CAGR) for the last five years from 2018 to 2023 stood at -1.15%, reflecting a generally downward trend. The year-on-year variations also highlight this volatility, with notable drops in 2014 and 2016 and a few periods of recovery, such as in 2015 and 2021.
In 2023, the production value was €15.53 billion, marking a slight decline in recent years. The forecasted figures for 2024 to 2028 suggest a continued gradual decline with a CAGR of -1.46%, ultimately dipping to €14.17 billion by 2028, indicating a forecasted five-year growth rate of -7.07%.
Future trends to watch for include the impacts of green transportation regulations, potential shifts in global trade routes, and technological advancements in freight logistics. Monitoring these factors will be crucial for anticipating further market developments in Germany's sea and coastal freight water transport sector.
