The European turnover of sea and coastal passenger water transport reveals a notable increase led by the United Kingdom at €27.22 million, followed by Italy and Germany with €20.81 million and €15.3 million respectively. Year-over-year variations indicate that Germany experienced a significant increase of 7.06%, whereas Sweden saw a decline of 3.09%. Romania showed an exceptional surge of 129.66%, indicating emerging growth potential. Overall, countries like Croatia, Spain, and Iceland also demonstrated positive year-on-year growth. Given the data, the compounded annual growth rate (CAGR) over the last five years reveals a general upward trend, suggesting steady improvements across the sector.
Future trends to watch include technological advancements in maritime transport, sustainable and green shipping initiatives, and the potential market shifts due to changing tourism patterns and regulatory frameworks. The impact of Brexit on the UK's transport sector and the influence of geopolitical tensions could also play a significant role. Continuous monitoring of these factors will be essential for future strategic planning within the European market.
Top countries in Turnover of Sea and Coastal Passenger Water Transport Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 27.22 | 2023 | +3.97% | +2.09% | View data |
| 2 | 2 Italy | 20.81 | 2023 | +14.62% | +2.71% | View data |
| 3 | 3 Germany | 15.3 | 2023 | +23.88% | +7.06% | View data |
| 4 | 4 Denmark | 7.87 | 2023 | +9.43% | +3.99% | View data |
| 5 | 5 France | 6.25 | 2023 | +9.88% | +3.36% | View data |
| 6 | 6 Norway | 5.55 | 2023 | +15.44% | +1.76% | View data |
| 7 | 7 Greece | 4.72 | 2023 | +9.9% | +3.88% | View data |
| 8 | 8 Finland | 3.68 | 2023 | +12.41% | +0.093% | View data |
| 9 | 9 Spain | 2.56 | 2023 | +10.6% | +4.08% | View data |
| 10 | 10 Sweden | 2.39 | 2023 | -4.92% | -3.09% | View data |
