In 2023, the value of dry bulk carriers in Germany stood at 40.57 million gross tonnage. Over the past decade, the sector experienced moderate fluctuation with an overall upward trend. Notably, from 2013 to 2017 it saw consistent growth, reaching 39.93 million gross tonnage in 2017. A significant dip occurred in 2019 with a decrease to 33.22 million gross tonnage, followed by a recovery phase.
Year-on-Year Variations:
- 2021: 14.26%
- 2022: -1.85%
- 2023: -0.054%
Last 5-Year CAGR: 0.9%
Forecast trends predict a slight decline, with values maintaining around 40.5 million gross tonnage by 2028.
Future trends to watch include potential impact of global economic conditions on maritime trade, technological advancements in shipbuilding, and environmental regulations influencing the fleet's composition and capacity.
