The turnover for sea and coastal freight water transport in Sweden is forecasted to decline significantly over the next five years. Beginning at 823.7 million Euros in 2024, the turnover is expected to decrease by 14.2% to 706.5 million Euros in 2025, followed by another drop of 16.4% to 590.5 million Euros in 2026. This downward trend continues with turnovers expected to fall by 19.5% to 475.6 million Euros in 2027, and a further 23.9% decline to 361.9 million Euros by 2028. In 2023, the industry closed at 883.0 million Euros, which reflects a negative CAGR of approximately 18.5% over the five-year period from 2023 to 2028.
Future trends to watch for:
- Economic Recovery: The pace and robustness of the global economic recovery may significantly impact sea and coastal freight demand.
- Environmental Regulations: Stricter environmental regulations could result in higher operational costs and affect turnover.
- Technological Advancements: Innovations in shipping technology and logistics could improve efficiency and help offset some declines.
- Sustainability Initiatives: Increased focus on sustainable practices may create new opportunities and challenges within the industry.
