The production value of the UK's sea and coastal freight water transport sector is forecasted to decline slightly from 2024 to 2028, from 4.92 billion Euros to 4.77 billion Euros. This represents a year-on-year decrease of around 0.81% annually. Over the last two years prior to 2024, the sector experienced stability, which contrasts with the forecasted decline. This trend indicates an average compound annual decrease rate (CAGR) of approximately 0.76% over the forecast period.
Future trends to watch for include potential impacts of regulatory changes, advancements in maritime technology, evolving trade agreements, and environmental policies that could affect operational costs, demand, and supply chain dynamics in the sea and coastal freight sector.
