The production in the Sea and Coastal Passenger Water Transport sector in Poland has experienced notable fluctuations from 2013 to 2023. In 2013, the industry stood at 609.9 million zloty, decreasing to its lowest point in 2015 at 305.9 million zloty. However, it showed a recovery trend starting from 2016, with incremental increases up to 2023 where it reached 518.9 million zloty. The compound annual growth rate (CAGR) over the last five years until 2023 was 2.74%, reflecting a moderate but positive trend. Notably, the sector faced significant drops, particularly in 2015 and 2020, but demonstrated resilience with substantial rebounds in subsequent years.
Variations in year-on-year performance had been dramatic with peaks in 2021 (up by 65.57%) and a steep decline in 2020 (down by -43.37%), impacted by various economic and geopolitical factors, including the global pandemic. The forecast from 2024 to 2028 indicates a steady growth trajectory with an average CAGR of 2.08%, reaching an estimated 587.98 million zloty by 2028, marking a forecasted growth rate of 10.83% over five years.
Future trends to watch for include:
- The impact of global economic recovery post-pandemic on tourism and passenger water transport demand.
- Environmental regulations and sustainable practices that may influence operations and growth in the industry.
- Technological advancements in marine transportation and their adoption within the sector.
- Geopolitical shifts affecting international travel and maritime routes.