Forecast: Trading Vessels Fleet in Australia

Between 2013 and 2023, the trading vessels fleet in Australia experienced fluctuations. The fleet size started at 107 units in 2013, with marginal changes until 2019. A significant drop to 59.36 units occurred in 2020, followed by a sharp rebound to 100.7 units in 2021. The fleet continued to stabilize around 106 units in 2022 and slightly decreased to 105 units in 2023, marking a -0.94% year-on-year change. The 5-year CAGR leading up to 2023 is -0.38%.

Forecasts from 2024 onward predict a gradual decline, with an average annual decrease of 0.28%, leading the fleet to 102.95 units by 2028. The overall growth rate for the next five years is projected at -1.38%.

Future trends to watch for include potential impacts of environmental regulations on trading vessels, advancements in maritime technology, and shifts in global trade patterns that could influence fleet size and composition in Australia.