The European cruise ship market in 2023 showed varied growth across countries based on Gross Tonnage measured in Million. Italy, at the top with 452.59, had a steady annual growth of 4.14%. Spain saw a significant increase with a 5.74% rise, while Greece led with a 7.57% increase. The UK experienced a remarkable 33.93% surge despite a lower base at 88.97. On the contrary, countries like Poland and Cyprus saw declines of 20.06% and 35.56%, respectively. The overall forecast for Europe suggests increasing cruise capacity, notably with Southern Europe, particularly Greece and Spain, poised to capture more market share.
Future trends to watch include:
- Continued expansion in Southern European cruise markets, particularly Greece and Spain.
- The potential for Northern European markets to stabilize or recover as geopolitical and economic conditions evolve.
- Growing environmental regulations may drive innovation in cruise ship efficiency and reduce emissions.
- The impact of technological integration in ships, such as AI for optimization and enhanced passenger experiences.
- Increased diversification of cruise destinations within Europe to attract a wider range of tourists.
Top countries in Number of Cruise Ships by Country
| # | 10 Countries | Thousand Gross Tonnage | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 452,590 | 2023 | +28.58% | +4.14% | View data |
| 2 | 2 Spain | 421,870 | 2023 | +30.95% | +5.74% | View data |
| 3 | 3 Greece | 195,170 | 2023 | +29.75% | +7.57% | View data |
| 4 | 4 France | 131,980 | 2023 | +32.81% | +3.48% | View data |
| 5 | 5 United Kingdom | 88,970 | 2023 | +6.56% | +33.93% | View data |
| 6 | 6 Germany | 61,960 | 2023 | +30.81% | +7.44% | View data |
| 7 | 7 Portugal | 61,280 | 2023 | +24.51% | +1.78% | View data |
| 8 | 8 Croatia | 56,960 | 2023 | +29.82% | +3.53% | View data |
| 9 | 9 Denmark | 27,650 | 2023 | +26.44% | -2.5% | View data |
| 10 | 10 Estonia | 24,810 | 2023 | +29.09% | +0.17% | View data |
