In 2024, Norway leads in the number of dry bulk carriers among European countries with a standing value of 5.68 thousand, up by 4.77% from the previous year. Spain follows with 5.19 thousand dry bulk carriers but experienced a decline of 1.62%. Denmark is close behind with 4.34 thousand, showing a slight decrease of 0.42%. Latvia and France also rank within the top five, with respective values of 3.51 and 3.22 thousand. Romania shows a notable increase of 3.81%, reaching 3.11 thousand carriers. However, countries like Sweden and the United Kingdom show significant declines of 21.92% and 4.25%, respectively. Smaller markets like Malta have shown a substantial increase of 22.1%, although the absolute numbers remain low compared to top performers.
Germany and Poland show moderate declines of 9.11% and 5.32%. Countries like Bulgaria, Cyprus, and Slovenia also display downward trends but reflect smaller shares in the dry bulk carrier market. Estonia and Finland show slight positive trends with increases of 0.79% and 2.09%. Notably, markets like Italy and Ireland see dramatic declines of 39.44% and 13.91%, respectively.
Looking ahead, the European dry bulk carrier market may experience significant changes influenced by economic factors, regulatory changes, and technological advancements. Investment in greener and more efficient vessels could change market dynamics, while geopolitical factors will continue to shape the future landscape of dry bulk carriers across different countries. Watching these trends will be crucial for understanding how each country adapts and positions itself in the broader market.
Top countries in Number of Dry Bulk Carriers by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 5,680 | 2023 | +8.07% | +4.77% | View data |
| 2 | 2 Spain | 5,190 | 2023 | -2.08% | -1.62% | View data |
| 3 | 3 Denmark | 4,340 | 2023 | +1.81% | -0.42% | View data |
| 4 | 4 Latvia | 3,510 | 2023 | +5.11% | +0.33% | View data |
| 5 | 5 France | 3,220 | 2023 | +4.44% | -0.99% | View data |
| 6 | 6 Romania | 3,110 | 2023 | +1.77% | +3.81% | View data |
| 7 | 7 Sweden | 2,020 | 2023 | +1.51% | -21.92% | View data |
| 8 | 8 Netherlands | 2,010 | 2023 | +1.67% | -0.37% | View data |
| 9 | 9 Greece | 1,670 | 2023 | -9.83% | -4.37% | View data |
| 10 | 10 United Kingdom | 1,490 | 2023 | -4.78% | -4.25% | View data |
