The production value of sea and coastal freight water transport in Finland has shown a marked downward trend from 2014 to 2023, decreasing from 1.39 billion Euros to 0.6112 billion Euros. Over this period, the annual variation rates have reflected consistent declines, with a significant drop of 29.73% in 2017 and continued yearly decreases, such as 7.74% between 2022 and 2023. The compound annual growth rate (CAGR) over the last five years leading to 2023 stood at an average negative rate, signifying persistent contraction in the industry.
Looking forward from 2024 to 2028, the production value is forecasted to continue this decline, exacerbating the downturn with a projected five-year CAGR of -12.34%, leading to a total reduction of 48.24% by 2028. Future trends to watch for include potential market entries or exits, technological innovations in freight transport, global economic conditions, policy changes in environmental standards, and shifts in trade patterns, all of which could influence the trajectory of this industry.