Forecast: Production Value of Sea and Coastal Passenger Water Transport in the UK

In 2023, the production value of sea and coastal passenger water transport in the UK stood below 9.34 billion Euros. The forecasted values show a steady upward trend from 2024 to 2028, rising to 10.79 billion Euros. The year-on-year percentage growth is moderate, averaging approximately 2% to 4% annually, indicative of a stable expansion trajectory. The compound annual growth rate (CAGR) over this five-year period projects a continued positive trend, reflecting confidence in sectoral growth post-pandemic recovery.

Future trends to watch for:

  • Potential impact of sustainability initiatives and green technology adoption in the maritime sector.
  • Changes in passenger demand due to evolving tourism trends and economic conditions.
  • Implications of international trade agreements that may influence coastal transport dynamics.

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